Public Listed Companies (“PLC”) in Viet Nam

The state of ESG commitment and Sustainability reporting

Public Listed Companies (“PLC”)  in Viet Nam: The state of ESG commitment and Sustainability reporting
  • August 18, 2023

The state of PLCs’ ESG commitments

The insights for PLCs in Viet Nam are extracted from the Viet Nam ESG Readiness survey - a public survey conducted between May and August 2022 among the business community in Viet Nam. 

Our survey was conducted online in collaboration with the Vietnam Institute of Directors (“VIOD”) where 234 participants (including 55 representatives from Public listing companies (PLCs) ) were asked about their commitment, plans, capabilities and activities with regard to ESG. 

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PLCs in Viet Nam have a high level of commitment but are more cautious to begin the ESG journey

7%

do not plan to identify / make an ESG commitment in the next 2-4 years

(Viet Nam: 20%)

58%

planning to do so in the next 2-4 years

(Viet Nam: 36%)



35%

have made an ESG commitment and plan

(Viet Nam: 44%)

 

Key motivation drivers


  • 53% say that the increasing pressure from investors and stakeholders motivates them to make an ESG commitment
    (Viet Nam: 40%)
  • 80% rank governance as the top priority of the executive agenda
    (Viet Nam: 40%)

Key challenges


  • 73% cite the lack of transparent regulation as the key challenge for them in embedding ESG risks in their risk framework
    (Viet Nam: 67%)
  • 36% believe that their boards take clear active leadership on the ESG agenda
    (Viet Nam: 35%)
  • 44% report that there is no clear ESG leader within their organisation
    (Viet Nam: 38%)

The state of PLCs’ sustainability reporting

The insights for PLCs in Viet Nam are extracted from the sustainability reporting study by PwC and the National University of Singapore Centre for Governance and Sustainability. 

The study focuses on the top 50 listed companies in terms of market capitalisation across 14 selected jurisdictions across the Asia Pacific, including Viet Nam. A total of 700 listed companies were studied, spanning 11 industries. The study is based on the latest sustainability reports and annual reports available up to January 2023.

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State of sustainability reporting standards and frameworks used in Viet Nam:

The standards and frameworks of the International Organization for Standardization (“ISO”), GRI and SDG are the top three most commonly used sets of standards and frameworks for sustainability reporting in Viet Nam, used respectively by 54%, 50% and 32% of companies.

Materiality and stakeholder engagement

76%

of the companies studied identify material ESG factors 

(APAC: 94%)

46%

of the companies studied disclosed their stakeholder engagement channels 

(APAC: 83%)

26%

of the companies studied  responded to stakeholder concerns 

(APAC: 54%)

Download Public Listed Companies in Viet Nam

The state of ESG commitment and Sustainability reporting

PDF in English (PDF of 1.38mb)
PDF in Vietnamese (PDF of 1.37mb)

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Get in touch

Dinh Thi Quynh Van

Chairwoman, PwC Vietnam

Tel: +84 24 3946 2246

Nguyen Hoang Nam

Environmental, Social & Governance (ESG) Leader and Partner, Assurance Services, PwC Vietnam

Tel: +84 28 3823 0796