UNDP urges better business practices 10:00 | 28/04/2021
Businesses in Vietnam need to go beyond the bare minimum laid out in regulations. Photo: Shutterstock
At last weekâs launch of a study on corporate awareness and implementation of responsible business practices (RBP) in Vietnam by the United Nations Development Programme (UNDP) and the Embassy of Sweden in Vietnam, research team leader Vu Van Tuan said that the concept of corporate social responsibility is trending towards RBP.
RBP means actively assessing business impact on environment and society, and taking measures to prevent and address adverse impacts, and providing effective remedies when negative impacts occur, Tuan said. This includes going beyond compliance with national laws where necessary to align with international standards such as those of the International Labour Organization and others.
The State Bank of Vietnam headquarters (Source: VNA)
Hanoi (VNA) - The
US Treasury Department’s
labelling of Vietnam as a currency manipulator is groundless and certainly
significantly affects the psychology of the
Vietnamese business community,
especially those operating in the import and export field, according to Hoang
Quang Phong, Vice President of the Vietnam Chamber of Commerce and Industry
(
He quoted Prime Minister Nguyen Xuan Phuc as saying that Vietnam does not
manipulate the currency, but flexibly regulates monetary policy to control
inflation, stabilise the macro-economy, and manage exchange rates. It does not
aim to create unfair competitive advantages in international trade.