Business

Vietnam needs national action plan to promote responsible business practices: workshop

A consultation workshop took place in Hanoi on April 7, presenting recommendations to the development a national action plan (NAP) on improving laws and policies to advance responsible business practices (RBP) in Vietnam.
Vietnam needs national action plan to promote responsible business practices: workshop ảnh 1Illustrative photo (Source: VNA)
Hanoi (VNA) – A consultation workshop took place inHanoi on April 7, presenting recommendations to the development a nationalaction plan (NAP) on improving laws and policies to advance responsiblebusiness practices (RBP) in Vietnam.

The event was co-organised by the Ministry of Justice, the UnitedNations Development Programme (UNDP), and the Swedish Embassy in Vietnam.

In his opening remarks, Deputy Minister of Justice Phan ChiHieu stated the key to balancing Vietnam's economic growth with sustainabledevelopment is promoting RBP.

The official said that his ministry has so faridentified three orientations for the project’s contents, which are completinglaws and policies on RBP; boosting effectiveness and quality of related law andpolicy enforcement; and raising awareness and capacity on the matter for stateagencies, businesses, and the society.

Vietnam needs national action plan to promote responsible business practices: workshop ảnh 2At the event (Photo: VNA)
Caitlin Wiesen, UN Resident Coordinator a.i. and UNDPResident Representative in Vietnam, highlighted Vietnam’s candidacy to the UN Human RightsCouncil for the 2023-25 term, and said the development of a national actionplan to promote respect for human rights in the context of business operation strengthensVietnam’s voluntary pledges as a future member of the council.

According to her, UNDP, with support from the SwedishGovernment, has been working with the Vietnamese ministry to conduct twostudies. A preliminary assessment of the legal framework of RBP in Vietnam waspublished in 2020 and the current one is the baseline exercise to identify andprioritise course of actions for NAP for the upcoming years. The ministry is now finalising a baselinedocument which will inform the development of NAP. Five areas have alreadybeen identified as priorities: investment, labour rights and standards, civilrights of vulnerable and marginalised groups, environment, and consumer rights./.
VNA
#national action plan #responsible business practices #workshop #UNDP #Ministry of Justice #Swedish Embassy #vietnam news agency #vietnamplus
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Vietrade said the programme helped businesses gain practical market information, identify potential products and partners, and better understand requirements on quality, pricing and distribution. Such direct connections are expected to help companies adapt their products and develop more effective export strategies.