Responsible business practices should be promoted in Vietnam

According to research results on assessing awareness and the implementation of responsible business practices by enterprises in Vietnam in 2020, recently published by the United Nations Development Program (UNDP) in Viet Nam, the The awareness of responsible business practices among enterprises in Vietnam, especially private enterprises, is low.
The research results show that only about 56% of enterprises surveyed agree with the full concept of responsible business practices. It is “proactively assessing the impacts of businesses on the environment and society, taking measures to avoid negative impacts, and working out effective remedial measures when negative impacts occur. .. Research also shows that although the level of carrying out business with responsibility varies, most businesses do not act outside of the government’s laws.

Processing pangasius for export. Photo: VNA Among the three groups of business practices with responsibility for labor, environment and governance, the labor aspect is most positively responded by enterprises, while the environmental and governance aspects have not received much attention. . Less than 64% of enterprises participating in the survey fully comply with responsibilities related to environmental impacts in their business operations; Less than 68% of enterprises fully comply with legal regulations on corporate governance such as transparent procurement policy, consumer protection … A study to assess corporate perceptions and implementation of responsible business practices in Vietnam by 2020 is part of the regional project “Promoting responsible business practices through regional partnerships in Asia ”. Research in 2020 is the UNDP Vietnam’s effort to create the basis and basis for the design and implementation of responsible business promotion activities, thereby enhancing sustainable development for businesses. In the coming years, the aim of the study is to assist Vietnam in developing a national responsible business action plan by 2022. This plan will contribute to helping Vietnam achieve its sustainable development goals. firmly, bringing Vietnam’s legal framework closer to international standards.