Corporations play increasing role in addressing global environmental issues: conference
The conference aimed to encourage businesses to embrace Environmental, Social and Governance (ESG) principles in their core philosophy, policies, practices and processes.
The 8th international conference on "Corporate Social Responsibility and Sustainable Development" (CSR 2025), takes place in HCM City on June 16. (Photo: VNA)
HCM City (VNA) – In the context of global concerns about climate change, environmental protection, pollution levels and waste management, the role of corporations in promoting social causes and ethical business activities is becoming increasingly important, heard at a conference held in Ho Chi Minh City on June 💯16.
The 8th international conference on "Corporate Social Responsibility and Sustainable Development" (CSR 2025), jointly organised by the Southern Institute of Social Sciences under the Vietnam Academy of Social Sciences, India’s Education Research and Development Association, and the University of Finance-Marketing, received nearly 200 scientific reports and attracted more than 150 delegates, including nearly 50 foreign scientists from universities and research institutes in countries, such as India, Indonesia, Malaysia, Nigeria, and Canada.
Reports at the event stated that businesses need to shift their focus from just seeking profits to prioritising responsible products and effective services.
The conference aimed to encourage businesses to embrace Environmental, Social and Governance (ESG) principles in their core philosophy, policies, practices and processes. This also serves as a platform to address global challenges such as climate change, natural resource depletion, human rights issues, and recovery strategies to leverage ESG for the long-term benefit of businesses, stakeholders, and society.
According to Director of the Southern Institute of Social Sciences Assoc. Prof. Dr. Vu Tuan Hung, discussions opened up new research directions, promoted interdisciplinary and international cooperation, and made practical contributions to the process of sustainable development and social responsibility in the modern business environment.
Assoc. Prof. Dr. Rajkishore Nayak from School of Communication & Design at RMIT University Vietnam said that extended producer responsibility (EPR) is an environmental policy that requires manufacturers to take responsibility for the entire product life cycle, especially after consumption. EPR helps reduce waste, save resources, promote a circular economy, and achieve sustainable development goals.
Participants discussed issues related to corporate social responsibility and sustainable development, focusing on in-depth matters, such as corporate governance in the context of digital transformation; environmental responsibility, climate action; community commitment, social impact; and sustainable business models and innovation./.
According to the International Finance Corporation’s 2023 Country Climate and Development Report, businesses with clear ESG strategies attract 20–25% more investment than those without ESG strategies.
As global markets demand greater sustainability, companies are facing pressure and opportunity to integrate environmental, social and governance (ESG) standards into long-term strategies, with stronger regulatory backing and sector-wide support.
At “How to Integrate ESG into Business Strategy: Best Practices from Singapore” held recently by VIETSTAR Institute of Management (VIETSTAR) and Singapore Management University (SMU), Boon Hoe Ooi, former CEO of Singapore's Jurong Port, said embracing ESG is an inevitable requirement.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Deputy PM Tran Hong Ha urged countries to work together to remove supply chain bottlenecks, expand market access, strengthen cooperation in smart customs procedures, mutually recognise technical standards, and eliminate unnecessary protectionist barriers to boost trade and investment.
The event has gathered over 400 exhibitors from 16 countries and territories, with more than 980 booths showcasing a wide range of products and technologies in automotive components, electronics, repair and maintenance, bodywork, accessories, and customisation.
The latest order follows Vietjet’s commitment for 20 additional A330neo aircraft last month, bringing the airline’s total widebody aircraft on order to 40.
Minister of Finance Nguyen Van Thang acknowledged the target represents an important milestone for socio-economic development as well as a demonstration of the country’s aspiration for robust economic growth.
The price of E5 RON92 petrol is now capped at 20,631 VND (0.79 USD) per litre, up 1,169 VND from the previous adjustment, while RON95-III costs no more than 21,244 VND per litre, up 1,277 VND.
While German consumers are familiar with Vietnamese products such as coffee, seafood, tea, and spices, many other quality items remain relatively unknown in the market. The Selgros event not only helped introduce Bac Giang lychee to German consumers but also provided them with the opportunity to experience other Vietnamese agricultural products.
The article by Cuba’s Inter Press Service detailed how Vietnamese private enterprise Agri VMA leased 1,000 ha of land in Los Palacios district, Cuba’s westernmost province of Pinar del Río, for rice cultivation over a three-year period. The project’s first harvest in 2025 recorded an impressive yield of 7.2 tonnes per hectare, far exceeding the local average of 1.6 tonnes.
During the visit, office representatives held a working session with the Tipaza Chamber of Commerce and Industry and met with several prominent local businesses operating in key sectors including industry, agriculture, fisheries, food processing, chemicals, pharmaceuticals and plastics.
A Nordic delegation to Vietnam International Sourcing 2025 in September will feature leading names in retail, consumer goods, logistics, and sustainable manufacturing, including global fashion giant H&M, offering fresh prospects for partnerships in fashion, textiles, and green supply chains.
With the current trading band of +/- 5%, the ceiling rate applicable for commercial banks during the day is 26,276 VND/USD and the floor rate 23,774 VND/USD.
Effective from the date of signing on June 18, the decision halts procedures outlined in the 2005 Memorandum of Understanding (MoU) between the governments of Vietnam and Laos on the initial implementation of the Greater Mekong Subregion (GMS) Cross-Border Transport Facilitation Agreement at the Lao Bao–Densavan border gate.
The event aimed to update businesses on new regulations and compliance requirements regarding US tax, trade, and customs policies, while offering practical solutions to facilitate exports amid shifting trade dynamics.
The festival marks a significant milestone in promoting the brand, value, and legacy of traditional fish sauce - a product deeply rooted in the island’s identity and history spanning over 200 years.
