Since we opened our office in Ho Chi Minh City last year, several of us from Tundra have had the opportunity to visit Vietnam. This report gathers some of our impressions on ESG-related issues in the country.
Vietnam is one of the fastest growing economies in South East Asia. Over the last decades Vietnam has been characterized by a rapid socio-economic development and range of reforms to reduce poverty and enhance efforts in education. Foreign direct investments and international trade are driving the economy forward. The country has implemented comprehensive regulatory frameworks for ESG issues, but there are challenges concerning the implementation. Vietnam is also facing several challenges when it comes to environmental aspects, human rights and anti-corruption.
Tundra was invited to speak when the Ho Chi Minh Stock Exchange (HOSE) announced the initiation of a sustainable index promoting ESG standards for its companies. The Vietnam Sustainable Index, will be based on GRI standards and on the principles of corporate governance as listed by the OECD. The private sector is an important collaborator in order to achieve the UN Sustainable Developmental Goals.
Read the full report here.
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