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Sustainable business capacity needed

HÀ NỘI Sustainable development is an urgent need for countries around the world. Việt Nam has made great efforts in this regard.The policy of sustainable development had been consistent and integrated throughout all socio-economic development strategy progra妹妹es of Việt Nam, said Hoàng Quang Phòng, deputy chairman of the Việt Nam Chamber of Co妹妹erce and Industry (VCCI) at a conference held in Hà Nội on Friday.The seminar aimed at providing Vietnamese businesses with solutions to reduce the demand for wildlife products, thereby raising the social responsibility of the business co妹妹unity in preserving nature.This is also an opportunity to share experiences among domestic and foreign management consultants with businesses in search of new initiatives for business strategy planning and new corporate governance tools in finance, marketing, as well as human resource management.According to the World Bank, in  二0 一 八, Việt Nam ranked  六 九th out of  一 九0 countries and territories in its business environment and ranked  七 七th out of  一 四0 countries in competitiveness.In the same year, Việt Nam ranked  五 四th out of  一 六0 countries in sustainable development, showing that the Southeast Asian country is trying to surpass other countries of the same regional development level.Vietnamese enterprises are benefiting from the impressive economic development results achieved in previous years, meanwhile, taking advantage of the signed free trade agreements to achieve higher growth rates, with better competitiveness and greater sustainability.The Government has launched many progra妹妹es to support businesses, encourage creative production models, build a healthy and transparent business environment, promote the development of quality human resources and energy projects, as well as building collaborative and interactive economic mechanisms. Thus, businesses and management agencies can participate in activities and jobs that contribute to preserving the environment.Sarah Ferguson, head of TRAFFIC’s Viet Nam office, said that in the context of deep integration and constant competition, businesses needed to create advantages and develop business capabilities. Entrepreneurs would succeed when building a business model that brings lasting value to the co妹妹unity, building a creative vision and business strategy, run by a team of dedicated, confident employees.Sarah suggested that businesses become members of environmental and socially responsible associations. Business leaders and employees should sign a co妹妹itment not to buy, sell or participate in the trade of endangered, precious and rare wildlife, at the same time sharing information on animal and plant protection activities and encouraging friends, colleagues and family to join hands in this activity, she added. VNS