A Training of Trainers (ToT) event focusing on on Environmental, Social and Governance (ESG) and responsible business conduct was organised by the Vietnam Chamber of Commerce and Industry (VCCI) in Hanoi on 4-5 September, with support from the ILO. By equipping VCCI trainers from its extensive national network with the skills and tools to deliver ESG-focused training, the programme ensures that knowledge cascades down to a wide range of enterprises across sectors and regions. This multiplier effect helps to create a business community that is compliant with international labour, environmental and governance standards and competitive in global markets, where ESG performance is becoming a prerequisite.
© ILO
The initiative is also vital for aligning Vietnam's private sector with national and international commitments, such as the country's net-zero target by 2050, implementing the labour and sustainability provisions of the EU-Vietnam Free Trade Agreement, and harmonising with global ESG reporting standards. Recently, Vietnam officially launched the pilot phase of its first national Emissions Trading Scheme (covering sectors such as steel, cement, and thermal power). Emissions allowances for 2025-26 will be distributed by the end of the year; firms exceeding their ceilings must purchase credits. Regarding reporting, the State Securities Commission (SSC) intends to introduce national ESG standards by 2026 to support SMEs. Currently, however, ESG adoption remains limited: only 14% of companies listed on the Ho Chi Minh Stock Exchange have published sustainability reports.
© ILO
Through this Training of Trainers, the VCCI is strengthening its role as a key advocate for responsible business conduct. It is helping enterprises to anticipate regulatory changes, access sustainable finance and improve supply chain resilience. A follow-up training session for enterprises will take place in Da Nang next week to trial the training material.
