Deputy Prime Minister Truong Hoa Binh spoke at a forum on corporate culture in HCM City on October 15. (Photo: VNA)
HCMCity (VNA) – A code of corporate conduct and ethics for Vietnamesefirms was launched during a forum on corporate culture in HCM City on October15.
Theevent was held by the Vietnam Association for Business Culture Development(VNABC) and the HCM City Association for Women Executives and Entrepreneurswith Deputy Prime Minister Truong Hoa Binh and local senior officials inattendance.
Thecode of corporate conduct and ethics includes six standards regardingleadership culture, corporate culture building and enforcement, law compliance,business ethics, social responsibility and healthy competition.
Inhis remarks at the forum, Deputy PM Binh said corporate culture gives a brand asoul so it must be seen as key for sustainable development for each enterprise,and in a broader view, the entire economy during global integration.
Binhlauded the forum, saying it is an important event to promote the government’scampaign to improve Vietnamese corporate culture.
Thebusiness community in Vietnam has made efforts to develop their cultures toinclude law obedience, social responsibility and healthy competition.
Butbusiness ethics have been largely neglected, causing many problems, he stated.Many enterprises aim to maximize profits regardless of the law, producing anddistributing counterfeits and low-quality goods, as well as violating foodsafety standards, he added.
TheDeputy PM urged firms to be consistent in developing their corporate cultureand vowed that the government will work with them by improving regulations, thebusiness climate and accelerating public administrative reforms.
Chairmanof the HCM City People’s Committee Nguyen Thanh Phong said the city has faced severalchallenges in developing corporate culture. He cited the fact that more than 98percent of the 323,000 businesses operating in the city are of micro-, small-and medium-size. Their operation is often unsustainable and they lack acorporate culture.
Manyshipments of foods have been returned by importers due to failure to meet foodsafety standards, causing economic losses and harming consumer confidence andthe image of the brand and the city, Phong added.
Throughthe forum, he said he would like to learn more about the businesses’difficulties in building corporate culture, so practical solutions can bedesigned to aid them.-VNA
Companies providing transport services with automobiles must further slash fares following the recent drop in petrol prices this month, Deputy Minister of Transport Nguyen Hong Truong urged.
European Union enterprises have indicated positive sentiment on the business environment in Vietnam, with many of them planning to increase investment.
Building the business culture means improving the image of Vietnam and its competitiveness amid integration into the global economy, stated Prime Minister Nguyen Xuan Phuc.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.