A total of 100 sustainable development businesses in Vietnam this year were honoured during an awards ceremony held in Hanoi on December 10, which was attended by Vice State President Dang Thi Ngoc Thinh.

Organised by the Vietnam Chamber of Commerce and Industry (VCCI), the Vietnam Business Council for Sustainable Development (VBCSD) together with relevant ministries and the Vietnam General Confederation of Labour, the event was designed to encourage and honour businesses which effectively carried out tasks in sustainable development in 2020.

In his remarks, VCCI President Vu Tien Loc said that the Government welcomed positive impacts in promoting the sustainable development of Vietnamese firms in the current period, as important policies in the field were promulgated in the past two years. They all state the requirements in sustainable business assessment and apply the Corporate Sustainability Index (CSI) introduced by the VCCI.

VCCI is mulling over other CSI versions for micro-, small- and medium-sized enterprises (MSMEs) and corporations in developing countries, he added.

As opportunities come along with difficulties and challenges, domestic firms were advised to change their business mindset towards sustainable development, apply the CSI in business governance and in their network of partners, in an attempt to enhance resilience.

Established by VCCI in 2010, the VBCSD helps businesses and social organisations in Vietnam play a pioneer role in sustainable development. It also serves as a bridge to bolster close collaboration in dialogue and connection between the business community, the Government and social partners.