Business Integrity – A Licence for international economic integration

– Dr. Vu Tien Loc – Former VCCI Chairman –

Bidding invitation for delivering consulting service

The “Governance – Business Initiative – GBII” implemented by the Office for Business Sustainable Development (SDforB) of VCCI funded by the UK Government, ASEAN Economic Reform Program through UNDP’s Regional Project on “Promoting a Fair Business Environment in ASEAN”. We are looking for a local consulting company and/or a national consultant team who have appropriate qualification and experience to develop the Vietnam Business Integrity Index. Please view ToR here for detail.   Method of bidder selection: Shorten national shopping by a technical proposal Deadline for submission of technical: before 17 pm, 20th October 2021 Submission form: send email to xuandtb@vcci.com.vn Contact person: Ms Xuân, Tel: 024 35743492

17.10.2021
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Bidding invitation for delivering training consulting service

The “Governance – Business Initiative – GBII” implemented by the Office for Business Sustainable Development (SDforB) of VCCI funded by the UK Government, ASEAN Economic Reform Program through UNDP’s Regional Project on “Promoting a Fair Business Environment in ASEAN”. We are looking for a local consulting company and/or a national consultant team who have appropriate qualification and experience to deliver these trainings. Please view ToR here for detail. Method of bidder selection: Shorten national shopping by a technical proposal Deadline for submission of technical: before 17 pm, 20th October 2021 Submission form: send email to xuandtb@vcci.com.vn Contact person: Ms Xuân, Tel: 024 35743492

08.10.2021
60 Views
Culture of Business Integrity: Pathway to Sustainability and Success

Ha Noi, 28 September 2021 – Fifteen business associations have signed the Viet Nam Business Integrity Pledge to express commitment on corporate compliance and  business integrity and transparency.   This was told at an online Business Forum in Ha Noi today by the Viet Nam Chamber of Commerce and Industry (VCCI), the UN Development Programme (UNDP), and the British Embassy in Ha Noi.   The Forum – “Culture of Business Integrity: Pathway to Sustainability and Success” – brought together nearly 130 representatives from businesses, government agencies, international organizations, experts, academia and press agencies.   Women play an increasingly important role in business, with female-owned enterprises occupying nearly 30% of the total enterprises and 32% managers of enterprises being women. The 15th member of the Business Integrity Pledge is the Viet Nam Association for Women Entrepreneurs.   “I believe an effective business environment, rooted in transparent corporate governance, is a crucial factor to foster bilateral investments and long-term trade partnership between the UK and Viet Nam. The UK sets a high value in merging the ethics and integrity principles into corporate governance since it has long been more than a matter of business’s branding. It forms a wider and more sustainable value not only in financial return but also in minimising negative impacts on the society.” Mr. Marcus Winsley, Deputy Head of Mission, British Embassy in Viet Nam said in his opening speech.   On this occasion, the Advisory Group of Viet Nam Business Integrity Network – VBIN – made it first apperance. The VBIN is the first collective action initiative led by business to promote a culture of business integrity and anti-corruption compliance. The mission of the VBIN is to mobilize collective efforts of the business community to comply with rules and regulations related to business integrity and to adopt good business integrity practices, thereby improve corporate governance, ensuring competitiveness and sustainability of Vietnamese businesses. Fifteen Government agencies and businesses, and 5 experts have joined the VBIN Advisory Group.     “Though significant improvements recorded, nearly half of businesses surveyed in the Viet Nam Provincial Competitiveness Index 2020 reported paying informal charges,” UNDP Deputy Resident Representative in Viet Nam Patrick Haverman noted. “Further progress in embedding transparency, integrity, accountability, and anti-corruption into Vietnamese companies’ operations will be critical in the socio-economic covid recovery”.   Mr. Haverman highlighted important aspects for successful economic rebound, namely Business integrity being a key enabler in doing business in Viet Nam; Companies committed to integrity, transparency, and investing in responsible and sustainable practices being more resilient to crises such as the Covid-19 pandemic and poised to long-term success; and Collective action required to help build a busines integrity culture.   The achievements and good practices shared at the Forum are the results of three years’ partnership between VCCI, UNDP and the UK Government under the  UNDP’s Regional Project “Promoting A Fair Business Environment in ASEAN” – Fair Biz – funded by the UK Government under ASEAN Economic Reform Programme. More than 800 firms and business associations have improved their knowledge and skills to apply internal control and codes of conduct in their businesses. Four companies have received in-house technical assistance for devleloping and strenthening code of conduct or internal controls.   “COVID-19 is a test for business integrity.,” Mr. Nguyen Quang Vinh, VCCI Secretary General, emphasized. “There is something companies can do to protect themselves by putting an integrity agenda at the heart of their response to the challenges. Businesses are also recommended to actively join a business led initiative like Vietnam Business Integrity Network which will allow companies to help each other and collectively work together to enhance good corporate governance towards long term sustainibility” .   The Forum is one of the key activities of the Government and Business Integrity Initiative (GBII) implemented by VCCI and UNDP in Viet Nam under Fair Biz. This project aims to support enhancing business integrity and transparency, strengthening laws and policy in anti-corruption, and effective dispute resolution mechanism in Viet Nam.    

28.09.2021
80 Views
Kick off meeting of the advisory group of Vietnam Business…

Based on the success of the online Consultation Meeting to formulate Vietnam Business Integrity Network (VBIN), a business-led initiative supported by the UK Prosperity Fund, the Vietnam Chamber of Commerce and Industry (VCCI) in collaboration with UNDP Vietnam co-organized the first online VBIN advisory group meeting on past 10th September. This meeting aimed to introduce VBIN Advisory Group key members, gather helpful inputs for upcoming six-month work plan of VBIN and identify possibility and readiness of participation of members to VBIN establishment.    At the meeting, Mr. Phi Ngoc Tuyen, Deputy Director General of Anti-corruption Bureau made his speech and strongly supported to VBIN’s goals. He also emphasized that the VBIN network is very necessary and important for businesses during the process of integrating the global supply chain.        From the Government Inspectorate side, he expressed real commitment to fully act on consulting the state policies and laws which contribute to promote a fair business environment in Vietnam. Along with that, Mr. Thomas, Executive Director of ASEAN CSR Network highly appreciated the VBIN initiative and pointed out integrity is a core solution to help boost business resilience in times of crisis such as the Covid-19 pandemic, especially improve the ability to meet the requirements of the market towards long-term sustainability. Despite the size of company, whether ethics and integrity are incorporated into business strategy, it would help to build good reputation and attract more genuine investors.   In addition, Mr. Le Duy Binh, Director of ECONOMICA, project constultant of the VBIN concept mentioned about building up a database of Vietnamese businesses in which their integrity is rated by using well-defined criterion. The implementation should be developed step by step. At initial stage, the focus will be laid on listed companies to be then expanded to cover public joint-stock companies and SOEs. Through many international experiences in developing company rating, the Association of Chartered Certified Accountants (ACCA) showed the effective method to engage the business community in this ranking related to adopt good business practices. Therefore, the VBIN network is expected to closely connect among businesses and mobilize collective efforts of the business community to enhance business integrity and comply with regulations.   The meeting brought together nearly 30 members committed in joining the VBIN Advisory Group from SMEs, Big4 companies, law firms, state agencies, NGOs and high-qualified project experts and lecturers. On this great occasion, the VBIN Advisory Group members also shared their expectation to open new cooperation opportunities and coordinate different resources. All proposed recommendations create a foundation to design the next activities to enlarge VBIN such as training &consulting, BI index, communication and engagement; identify key products and services that VBIN can offer businesses…

10.09.2021
53 Views