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COVER STORY

PHOTO: VIET TUAN
PROPER PERSPECTIVE

Vietnam’s FDI community has been driving sustainable growth through
robust ESG practices and navigating challenges for a greener future.

| By PHUONG HOA

he implementation of environmen- ESG Readiness Report 2022 from PwC, Its ESG focus includes designing recyclable
tal, social, governance (ESG) stan- 57 per cent of FDI businesses in the products, using recycled materials, and
T dards will play a key role in Viet- country said they have made explicit ESG installing a 10 MWp solar roof at its
nam’s goal of reaching net-zero carbon commitments, which stems from most factory in the Mekong Delta’s Long An
emissions by 2050 and its moves towards following the lead of their parent company province in 2021. The initiative has cut
sustainable development and establishing overseas, where ESG practices are more about 8,000 tons of carbon dioxide annually
a green economy. The FDI business com- common than in Vietnam. and saved over 11 million kWh in power
munity in the country has been widely each year. It also promotes corporate
promoting ESG practices in their business COMMITMENTS & ACTION social responsibility (CSR) efforts through
activities and posted impressive results, An example of FDI companies in Viet- waste classification, recycling campaigns,
contributing to such efforts while helping nam actively engaging in ESG initiatives and initiatives like “Exchange Trash for
them enter and expand in the global is the Duy Tan Plastics JSC, a member of Gifts - Greenday”, which have reduced
marketplace. According to the Vietnam Thailand’s SCG Packaging Plc (SCGP). waste by over 17 tons. The company coop-

en.vneconomy.vn DECEMBER 2023 | VIETNAM ECONOMIC TIMES | 9