Monday, 20 Nov 2017
|
|
|
|
|
ECONOMY

Replicating business model to resolve challenges for Sustainable Development

Updated at Wednesday, 11 Oct 2017, 14:02
The Hanoitimes - The Vietnam Business Council for Sustainable Development (VBCSD), Vietnam Chamber of Commerce and Industry (VCCI) together held Vietnam Corporate Sustainability Forum (VCSF) in Hanoi on October 10, with the theme "Expanding business model to resolve challenges for Sustainable Development."
 
Chairman of the Vietnam Chamber of Commerce and Industry Vu Tien Loc made opening speech at the forum
Chairman of the Vietnam Chamber of Commerce and Industry Vu Tien Loc made opening speech at the forum
 
Opening the event, Chairman of the Vietnam Chamber of Commerce and Industry (VCCI) Vu Tien Loc said as one of the 193 UN member countries adopting the 2030 Agenda with 17 sustainable development goals (SDGs), Vietnam has asserted its vision and resolve to, together with the world, follow the path to green growth. Its Government has issued a national programme on sustainable development and set up the National Council for Sustainable Development.

VCCI also established the Vietnam Business Council for Sustainable Development, which gathers hundreds of enterprises volunteering to act as the core of sustainable business models in the country.

Loc cited the “Better Business, Better World” report issued by the Business and Sustainable Development Commission as saying that sustainable business opportunities to realise the Global Goals in the four surveyed economic systems could create a market worth an estimated 12 trillion USD by 2030. Achieving the Global Goals in these four systems could create 380 million new jobs by 2030, almost 90 percent of them in developing countries.
 
Deputy Prime Minister Vu Duc Dam delivered speech at the forum
Deputy Prime Minister Vu Duc Dam delivered speech at the forum

The report also said Asia will have the most business opportunities created by sustainable development, he noted, describing this as a wonderful momentum for Vietnamese firms to follow a more sustainable and humane development path.

Kamal Malhotra, UN Resident Coordinator in Vietnam, said the business community should be considered an important part of the economy, not just a channel to mobilise capital. 

It is necessary to boost financial sources, improve manpower quality and devise cooperation solutions to promote the development of private businesses. Meanwhile, the private economic sector needs to have joint plans and actions on corporate rights and obligations, he added.
 
Mr. Vu Tien Loc shared on the sidelines of the forum
Mr. Vu Tien Loc shared on the sidelines of the forum

Nguyen Quang Vinh, Vice Chairman of the Vietnam Business Council for Sustainable Development, said the achievement of the 17 SDGs depends much on businesses’ actions. He noted that the number of companies making sustainability reports has doubled over the last five years.

However, Vinh admitted that most enterprises have trouble in their approach to the SDGs while the global awareness of sustainable development remains low. Businesses’ influence in the sustainable development process is still modest. To do better business for a better world, it is crucial to support enterprises to combine the SDGs with their development strategies and gear the financial system towards sustainable investment orientations, Vinh said.

At the end of the forum, Deputy Prime Minister Vu Duc Dam, Chairman of the National Council for Sustainable Development and Competitiveness Enhancement, shared that we need fast development but not at all costs. Many people are worried about losing their jobs, but we need to create more jobs. People living in rural areas are still very busy, so much time is needed to create jobs to take advantage of these. Many businesses need to create more jobs. The Vietnam Corporate Sustainability Forum 2017 seeks to scale up business solutions to sustainability challenges.
Anh Kiet - Khac Kien
Print pageSend to friend Share on facebook  Share on twitterCommentView comment
Others:
Zoom in the initial mural sketches on Hanoi old railway arch spans
Thiết kế web: OnIP™