CONFERENCE DEVELOPMENT AND IMPLEMENTATION OF POLICIES FOR PROMOTION OF “RESPONSIBLE BUSINESS PRACTICES” 📌 Yesterday, AHK Vietnam participated in the conference "Developing and Implementing Policies for the Promotion of Responsible Business Practices," organized by ProNGO! e.V. and RED Communication as part of the "Win-win for Vietnam" project funded by the EU. The event brought together representatives from #UNDP (#Dzeneta_Mulabegovic & #Huan_Nguyen), businesses #Adidas, #EnBW (#Dr_Lothar_Rieth), local NGOs #ProNGO! (Chau Bui), and numerous civil society organizations (CSO) to advance the discussion on upholding responsible practices in Vietnam's business landscape. ✅ As #BusinessScout and Project Manager of Sustainable and Climate Resilient Supply Chains, Ms. Huyen Nhu Lanh represented AHK Vietnam to contribute a keynote speech on "Promoting Sustainable Business in Vietnam". From our perspectives, protecting worker welfare and rights is one of the important pillars of the German Supply Chain Due Diligence Act (#LkSG) which is ramping up expectations for mandatory human rights and environmental diligence. ✅ Several recommendations from AHK Vietnam to foster sustainability in Vietnam could be named: ✦ Finetune the legal framework: specify responsibility for the product to the manufacturer to be responsible for the life cycle of the product; ✦ Establish strong penalties to deter violations and strengthen the control mechanism; ✦ Develop incentives to create motivation for sustainable businesses (e.g., tax incentives); ✦ Raise public awareness of choosing eco-friendly products. 🤝 Within the event, participants engaged in meaningful dialogue regarding challenges with supply chain mapping, risk mitigation, and Vietnam's climate action progress to promote sustainable business practices. Overall, stakeholders agreed that multi-party cooperation is key to leveraging emerging ESG opportunities while safeguarding human rights, transparency, and the environment as trade and "green" investment in Vietnam continue growing. 🔎 AHK Vietnam is providing German companies and Vietnamese suppliers with consultation related to doing business in line with the #LkSG. Learn more about our project: https://lnkd.in/ge-7MZBe 🤝 Many thanks to ProNGO! and RED Communication for having us and for organizing this remarkable event! #AHKVietnam #Sustainability #HumanRights #PartnerForSuccess
Thank you very much to AHK Vietnam and especially Ms Huyen Nhu Lanh for your great support and contribution to the success of this Policy Conference.
Congrats! I really appreciate all the hard work you’ve put into promoting sustainable business in Vietnam! Huyen Nhu Lanh
You looks great Huyen Nhu Lanh
CEO & Climate Advisor
6moThat's a great