Vietnam is strengthening its commitment to sustainable development by promoting Environmental, Social, and Governance (ESG) criteria as a standard for measuring the sustainable growth of businesses. This move is seen as a key factor in meeting Vietnam's goal of net-zero emissions by 2050, aligning with global trade standards and enhancing the country's competitive edge in international markets.

The adoption of ESG practices is increasingly crucial, with major trade partners and new-generation free trade agreements demanding sustainable business operations. Vietnamese businesses, including small and medium-sized enterprises, are urged to adapt to global Sustainable Development Goals and international standards. Dr. Nguyen Dinh Tho from the Ministry of Natural Resources and Environment emphasized the importance of ESG in green development, stating that markets prioritize sustainability alongside quality and price.

Despite challenges, including the need for regulatory alignment and the cost of meeting higher standards, Vietnam is making significant strides. Initiatives include strict laws on environmental protection, labor rights, and corporate governance. In addition, the government is working with businesses and international partners to enhance ESG adoption, aiming to make the country a key player in sustainable and green economic growth.

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