Tuesday, October 25 2016


Corporate responsibility a long-term goal

Update: April, 13/2015 - 08:20

Nguyen Quang Vinh from the Viet Nam Chamber of Commerce and Industry spoke to Kinh te & Do Thi (Economic and Urban Affairs) newspaper about corporate social responsibility.

What do you think about the CSR of the business community now?

There is a remarkable change in awareness on CSR implementation compared to the past decade. However, some enterprises still haven't changed their awareness.

While big and multinational enterprises know about CSR, many small and medium enterprises (SMEs) still ignore or do not fully utilise it They mainly lack professional tools in implementation. That is why, we will provide programmes to support them.

During April, VCCI will adopt an action plan to implement a Government resolution on the tasks and measures needed to improve the business environment and increase national competitive ability.

The plan will support State enterprises in administration reform and improving the business environment. VCCI will propose specific projects to support the business community. We will also collaborate with the Ministry of Planning and Investment, sectors, localities and international organisations to improve competitive ability and labour productivity. Another project on sustainable agriculture will be implemented, also with the support of the United Nations.

Viet Nam is participating in many free-trade agreements, especially the Trans Pacific Partnership (TPP) and the ASEAN Economic Community (AEC). What difficulties will Vietnamese enterprises face when CSR requirements become higher ?

Deeper integration requires better orientation, strategy and administrative management, especially higher demand for the implementation of CSR.

Enterprises must be more serious about labour recruitment, refusing to hire children, equality in recruitment, ensuring social benefits for employees and being committed to environmental protection.

We are attempting to build up programmes that aim to help them to know CSR because is necessary for them to integrate deeper into the region and the world.

Many enterprises complain that CSR implementation is costly. What do you think?

Enterprises should consider CSR implementation as a long-term investment for their sustainable development instead of just an added cost.

At present, many enterprises haven't implemented their CSR well due to lack of professional knowledge. I know some want to improve labour relations and competitive ability despite knowing little about CSR.

In the future, we will disseminate CSR information to help enterprises, especially SMEs.

What is CSR

Corporate social responsibility is also known as corporate conscience, corporate citizenship or sustainable responsible business. It has been described as a form of corporate self regulationintegrated into a business model.

CSR is a self-regulatory mechanism under which a business monitors and ensures its active compliance with the spirit of the law, ethical standards and international norms. Sometimes, a firm's implementation of social responsibility takes actions to further social good, beyond the interests of the firm and that required by law.

CSR also aims to encourage a positive impact on the environment and stakeholders.including consumers, employees, investors and communities. — VNS

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