Business

Three best performers of Vietnam ESG Initiative 2023 announced

The three best performing businesses in the Vietnam Environmental, Social, and Governance (ESG) Initiative 2023 were unveiled at a forum held in Hanoi on October 13.
Three best performers of Vietnam ESG Initiative 2023 announced ảnh 1The three best performers of the Vietnam ESG Initiative 2023 announced. - Illustrative image (Photo: VNA) 
Hanoi (VNA) – The three bestperforming businesses in the Vietnam Environmental, Social, and Governance (ESG) Initiative2023 were unveiled at a forum held in Hanoi on October 13.

The winning firms are HHP GlobalJoint Stock Company, Vietnam Food Joint Stock Company, and Vietnam Star Aniseed Cassia Manufacturing andExporting Joint Stock Company (VINASAMEX).

They will receive technicalassistance and in-depth advice to pilot, carry out, or expand their sustainablebusiness initiatives.

The Vietnam ESG Initiative 2023 is underthe cooperation between the US Agency for International Development (USAID) andthe Vietnamese Ministry of Planning and Investment (MPI).

Aiming to help enterprises adoptsustainable business practices, it is part of efforts to carry out Vietnam’sgreen growth strategy for 2021 - 2030 and the Prime Minister’s Decision 167/QD-TTgon promoting sustainable and inclusive growth in the private economic sector.

Three best performers of Vietnam ESG Initiative 2023 announced ảnh 2Deputy Minister of Planning and Investment Tran Duy Dong speaks at the event. (Photo: VNA) 
Nguyen Duc Trung, Deputy Director of the MPI’s Enterprise Development Agency,said that Vietnam ESG Initiative 2023, launched in March, attracted 144 entriesfrom private companies, cooperatives, and business households.

The 10 best performers wereannounced in June and then received intensive training. They presented theirsustainable business, inclusive business, or circular economy models before thejury in September.

The initiative, lasting until 2025, is expected to encourage sustainablepractices among enterprises, thus helping enhance their competitiveness, createa basis for their long-term development, and support them to meet internationalstandards and join global supply chains, he noted.

Via the Vietnam ESG Initiative, the MPIand USAID will provide technical support for 300 enterprises, cooperatives, andbusiness households.

The initiative ispart of USAID’s Improving Private SectorCompetitiveness (IPSC) project, implementedfrom 2020 to 2025 with the aim of tackling policy and market problems thathamper small and growing enterprises, including those owned or run by women andpeople of vulnerable groups./.

VNA
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