Part of the Diem Thuy Industrial Park in Thai Nguyen province (Illustrative photo: VNA)
Hanoi (VNA) – The Vietnam Business Integrity Index (VBII), the first of its kind in the country to assess enterprises in this regard, was launched on September 21.
The index, introduced by the Vietnam Chamber of Commerce and Industry (VCCI) and UNDP Vietnam, has been designed for enterprises of all sizes, forms of ownership, sectors, and structures, regardless of whether they are a listed company, a domestic private company, a foreign invested firm, or a State-owned one.
It was built with support from FairBiz, a UNDP regional initiative funded by the British Government within the framework of the ASEAN Economic Reform Programme, which aims at promoting a fair business environment in Indonesia, Malaysia, Myanmar, Philippines, Thailand, and Vietnam.
Vietnam is one of the few countries with a higher position in the Corruption Perceptions Index released by Transparency International, jumping 26 places to 87th in 2021 from 113th in 2017. It is also an exception among ASEAN countries having moved up to the 88th position in the World Justice Project Rule of Law Index last year.
However, corruption still occurs in certain areas. A survey by VCCI and UNDP released last June showed that at least one in three enterprises engaging in public procurement reported informal payments to win contracts, heard the VBII launching ceremony in Hanoi.
VCCI Vice Chairman Nguyen Quang Vinh said sustainability is no longer an option but the only way for businesses to exist and develop at present and in the future, noting that the VBII is a new push to help Vietnamese enterprises move closer to international business transparency and integrity standards.
UNDP Deputy Resident Representative Patrick Haverman noted if used honestly and transparently by enterprises, the VBII will help improve the country’s stature and brand, create data and information-based trust, attract investment, generate property, and better people’s life quality.
Deputy British Ambassador Marcus Winsley said together with Vietnamese and international partners, the UK is ready to help Vietnam realise its commitments to create a fair business climate, effectively reform the economy, and make progress in many other fields, including climate change response, education, healthcare, and reform./.
Deputy Prime Minister Vu Duc Dam called on all Vietnamese firms, including small and medium enterprises (SMEs), to together build a business community for sustainable development while speaking at a forum on December 9.
The Corporate Sustainability Index (CSI) Programme 2022, the 7th of its kind so far, was launched on May 26, aiming to not only assess enterprises’ sustainability but also encourage them to adopt sustainable practices.
Sustainability and circularity are an inevitable path that Vietnamese textiles have to follow, according to Truong Van Cam, General Secretary of the Vietnam Textile and Apparel Association (VITAS).
A delegation of the Vietnamese Ministry of Public Security led by Deputy Minister Major General Nguyen Van Long is attending the Regional Anti-Corruption Conference for Law Enforcement Professionals in Southeast Asia from August 29-31 in Bangkok, Thailand.
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.
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.
Part of the Diem Thuy Industrial Park in Thai Nguyen province (Illustrative photo: VNA) 
