The effort to achieve Net Zero targets has now become a new benchmark for business competitiveness in Vietnam. In a strategic economic forum held recently, the Vietnam Chamber of Commerce and Industry (VCCI) emphasized that the private sector plays a central role as the primary executor in transforming sustainability commitments into measurable real action.
VCCI Vice President, Nguyen Quang Vinh, acknowledged that although the government's role as a policy maker is vital, businesses now face severe challenges. Many companies, especially small and medium-sized enterprises, are still struggling with limited capital, access to technology, and complex emissions data management to meet environmental, social, and corporate governance (ESG) standards.
Responding to these challenges, Deputy Prime Minister Nguyen Van Thang stated the government's commitment to creating a strong supportive ecosystem. The government's main focus now includes the renewable energy transition, the development of green finance, and the establishment of a conducive carbon market. This step aims to ensure that economic growth no longer comes at the expense of environmental sustainability.
Large-scale companies are expected to serve as catalysts for broader value chains. For example, the steps taken by Saigon Beer, Alcohol and Beverage Corporation (SABECO) demonstrate that operational modernization—from energy efficiency to supplier standards—can deliver a systemic impact on the overall industrial ecosystem. For its commitment, SABECO received appreciation as a "Green Enterprise" assessed through strict parameters of the World Energy Council (WEC).
Moving forward, business success will no longer be measured solely by market share, but by a company's capacity to adapt responsibly. Integrating sustainability into every operational line has become a crucial demand of the times for long-term business survival amidst current global economic dynamics.
