Elevating Vietnam’s Sustainable Development through ESG

Environmental, Social, and Governance (ESG) has become a strategic framework for organizations globally, helping align their operations with sustainable development, social justice, and good governance. ESG principles balance economic growth, social responsibility, and environmental protection, offering competitive advantages while addressing global challenges such as climate change and the transition to a green economy.

To enhance Vietnam's understanding and adoption of ESG, the Commission for Standards, Metrology and Quality (STAMEQ) and APO Secretariat implemented a face-to-face TES project on ESG Capacity Building in Hanoi from 9-13 December 2024. Thirty-four participants from government agencies, academia, associations, and enterprises attended the training course and were guided by two resource persons from the Republic of China. The training delivered in-depth knowledge on ESG concepts, international standards (e.g., GRI, SASB, TCFD, TNFD, etc.), key regulations (EU CBAM, CCA, SB 253, etc.), and best practices from leading companies. Apart from interactive sessions, a site visit to a large manufacturing company and group exercises were arranged, providing participants with hands-on experience.

As an export-oriented economy, Vietnam is advancing SDG initiatives such as the National Strategy for Green Growth (2021-30) and a commitment to net-zero emissions by 2050. This project offers timely and impactful support to Vietnam given the launch of the APO's GP 2.0 initiative in October 2024. By fostering ESG adoption, the program strengthens Vietnam's pathway to sustainable growth, elevates its global market integration, and enhances its competitiveness in the evolving green economy.