Top 100 Sustainable Businesses in Việt Nam (CSI 2024)
HANOI: Companies committed to sustainable business practices could significantly enhance their resilience, capitalising on opportunities emerging from the global green transformation and digital revolution.
The information was shared at the award ceremony of Top 100 Sustainable Businesses in Vietnam (CSI 2024), themed “Enterprises Rising in the Green Era held in Hanoi last Friday.
In an era marked by rapid, unpredictable changes, unprecedented challenges are emerging.
The undeniable reality facing the business community is the imperative to embrace sustainable development and digital transformation.
The event, organised by the Vietnam Nam Business Council for Sustainable Development under the Vietnam Chamber of Commerce and Industry (VCCI), marked the successful culmination of the ninth consecutive year of the programme, a continuous effort to recognise, promote, evaluate and encourage businesses to embrace sustainability.
Innovation and sustainable development are no longer optional – they are essential for the future.
VCCI chairman and Steering Committee for the 2024 Sustainable Enterprise Programme head Pham Tan Cong emphasised the vital role of businesses in driving national sustainable development as Vietnam enters a new era.
After nearly four decades of innovation, Vietnam has accumulated sufficient strength to seize the opportunity to become a high-income, developed nation by 2045.
“To capitalise on this potential, both the government and the business community must transform,” Cong said. “This requires breaking through institutional bottlenecks and adopting new business strategies.
“Businesses must focus on innovation, fostering sustainable, humane and creative models that contribute to social progress and the prosperity of the people.”
He said companies that consistently adopt sustainable business models will be better equipped to adapt, tackle these challenges, and seize opportunities from green and digital transformations.
In light of the rapidly changing global landscape, Vietnam must embrace sustainable development, a green economy, the circular economy, and digital transformation to remain competitive.
Geopolitical shifts, economic changes and technological advances, particularly the Fourth Industrial Revolution, are creating new challenges that must be met with constant innovation.
Vietnamese businesses must leverage these opportunities to drive the nation’s growth and competitiveness.
In 2024, nearly 500 enterprises from across the nation, representing various sectors and sizes, participated in the Sustainable Enterprise Programme.
This year, 142 businesses were selected for official evaluation.
Notably, the number of first-time participants grew significantly, with domestic enterprises making up 62% of applicants and new entrants accounting for 35%.
This indicates a shift in both awareness and action within the Vietnamese business community, reflecting a growing commitment to sustainable practices.
The CSI 2024 Index has been updated to align with international commitments and recent changes in Vietnam’s legal framework.
With 153 indicators, 62% are compliance-based and 38% are advanced indicators, covering a comprehensive evaluation of businesses on economic performance, corporate governance, social impact and environmental sustainability. — Viet Nam News/ANN
