The handover took place as part of a forum on pioneering entrepreneurial spirit fostering sustainable Vietnam held by the MPI and USAID on October 13.

The Ministry of Planning and Investment (MPI) and US Agency for International Development (USAID) hand over cooperation pacts to the first 22 Vietnamese pioneering enterprises (PEs) at the forum.

The event also saw 10 firms honoured as winners of the Vietnam ESG (environmental, social, and corporate governance) Initiative. The firms, selected based on their initiatives, will receive training support and intensive consultations to enhance their capacity and understanding of ESG and other sustainable business models so that they can finalise a plan to implement their initiatives.

Addressing the forum, Deputy Minister of Planning and Investment Tran Duy Dong lauded efforts of the business community in adapting to trends and taking the lead in technological innovation, green transition, environmental protection, and climate change response, contributing positively to Vietnam’s realisation of sustainable development goals and commitment to achieving net zero carbon emissions by 2050.

These are the new economic sectors that will create new values and new drivers for economic growth, Dong said.

USAID's Mission Director for Vietnam, Aler Grubbs, stated that USAID is committed to promoting economic growth and enhancing the competitiveness of the private sector in Vietnam. 

Through close collaboration with the MPI to support Vietnamese enterprises in promoting sustainable business practices and ESG implementation, USAID has helped them improve their competitive capabilities, achieve long-term development goals, meet international standards, and deeply engage in global value chains to build a sustainable and prosperous Vietnam.

Customs Branch dialogues with IP businesses

BAC GIANG - On September 30, the Customs Branch managing industrial parks (IP) in Bac Giang province (Customs Branch) organized a talk show with businesses in local IP. The event was attended  by representatives from 40 businesses.

Hanoi, Shanghai businesses set up cooperation

The Hanoi Supporting Industries Business Association (HANSIBA) and N&G Group signed a cooperation agreement with a business delegation from Shanghai (China) in Hanoi on September 26.

German businesses interested in Vietnam

German news website NTV has published an article highlighting the attractiveness of the Southeast Asian country to German businesses.

Low labor costs among top reasons for businesses interest in Vietnam: survey

Low labor costs and economic resilience are among key attributes that make Vietnam attractive for business expansion, a recent survey by British bank HSBC has found. 

Vietnam remains attractive to foreign businesses: HSBC

Vietnam remains an attractive destination for foreign businesses and customers throughout the HSBC network have continued to show very strong interest in the Vietnam story, the Hongkong and Shanghai Banking Corporation Limited (HSBC) said in its recent survey.

Source: VNA