News & Events

Regularly update news & events about business integrity

New post

Public Procurement and Responsible Business Conduct

Governments are the largest buyers of goods, services and public works.  Public procurement accounts for approximately 12% of GDP in OECD countries and is critical to the delivery of services like infrastructure, health and education. Value for money remains a fundamental principle of public procurement. However, the concept has evolved to encompass a wider range of considerations such as environmental, economic and social aspects. This makes public procurement a strategic tool for achieving policy objectives such as the Sustainable Development Goals, and for promoting Responsible Business Conduct (RBC).   Governments can lead by example by incorporating responsible business standards (RBC objectives) in their purchasing policies and practices, to safeguard the public interest and ensure the accountability of public spending.  Integrating RBC objectives in public procurement can provide an incentive for companies to incorporate responsible business practices and risk-based due diligence in their global supply chains.   The OECD has launched a programme to advance the integration of Responsible Business Conduct (RBC), in particular risk-based due diligence, into public procurement policies and processes. Since October 2019,  the OECD has been delivering on three pillars:   1) Research and analysis to support policymaking: The OECD is taking stock of existing practices in countries to integrate RBC objectives in public procurement policies and practices. OECD gives a policy brief on benefits and lessons for governments to integrate RBC in public procurement.   2) Knowledge sharing to promote implementation: The OECD is creating a platform to support peer learning and collaboration in the effective implementation of RBC in public procurement. The platform convenes practitioners, policymakers and stakeholders on public procurement and RBC. It provides a space to exchange on solutions for preventing and mitigating risks in global supply chains, such as through supply chain due diligence in public procurement.   3) Implementation: pilot on the public procurement of garment and textiles: A pilot on risk-based due diligence in the public procurement of garment and textiles aims to support countries in implementing the approach of the OECD Due Diligence Guidance for Responsible Business Conduct and the OECD Due Diligence Guidance for Responsible Supply Chains in the Garment and Footwear Sector, tailored to the public procurement context.  

Project news

Pioneering in pharmaceutical business for sustainable development, Traphaco expressed their strong determination to achieve their “sustainability” in farming green materials, making green products and now to choose transparent corporate governance and business integrity for sustainable development. This is important to empower “green” brand and differentiate  Traphaco from other competitors, build trust in customers, shareholders and attract investors. During the context of declining economy due to Covid-19 pandemic, sustainable development is a global trend that Traphaco well recognized and take a choice.   In the framework of “Government-Business Integrity Initiative – GBII” promoted by VCCI, a component of the regional project “Promoting a Fair Business Environment in ASEAN” financially supported by UK Prosperity Fund, VCCI and  UNDP have carried out many training, consulting activities and improving capacity in transparent governance and integrity business for various companies in Vietnam including Traphaco.   Photo of the project team and Traphaco staff at a technical advice meeting   In compliance with the technical package provided by VCCI and UNDP to support Traphaco, Deloitte Vietnam has been selected to supply expertise for this assignment. Recently, Deloitte has conducted an assessment on current status of internal control and risk management in Traphaco. Based on the outcome, Deloitte would develop auditing standards and appropriate procedures and provide training service at the company in order to transfer tools for Traphaco.   On past March 31st, Traphaco Joint Stock Company has successfully hosted the 2021 Annual General Meeting of Shareholders for the Term 2021-2025 to elect the Board of Directors, the Board of Supervisors and the Auditing Committee Representative who importantly take the role in directing business operations of Traphaco. In considering the features and traits of Traphaco business, Deloitte will develop the appropriate procedures applied to a selected audit. The deliverables will be reported  in May 2021. A training program will be provided for Traphaco’s relevant employees thus to enhance capacity for the internal audit team in compliance with the Circular No 08/2021/TT-BTC and meet the requirement for the business development.    

Project news

According to research conducted by Towards Transparency ago, it showed that 85% of youth said that lacking of integrity will be hamful to the country, their families and themselves; 87% of respondents answered they had a significant role in combating corruption and 74% of Vietnamese youth said they did not know or had very little knowledge about anti-corruption and relevant laws. It is notable that only 18% of adolescents said they have been educated on anti- corruption.   Since 2009, National Project 137 on putting integrity into institutions of training and education was approved. Following this, recently, VCCI and UNDP have been providing kind supports to the International School under Vietnam National University, Hanoi to adapt the existing manual on internal controls and codes of conduct in business to train at their university.   Through training, it is hopefully a good way to raise student’s awareness and equip them these useful knowledge prior to start of their career. In the near future, those people are expected to be business owners, therefore, they will be a right person to make changes in doing business and take a leading role in navigating their owned business towards long-term sustainable development. Supposedly, being  employees at companies and/or organizations later, they will be a part of target group to realize pursued core values of companies and organizations. Once they could understand how important integrity is and fundamental knowledge can be equipped at their early ages, then they can proactively address challenges and insprire good practices. Photo of pilot training at the International School, VNU   Our project has  been  so far supporting several selected businesses to conduct pilot role models by applying internal control mechanisms and codes of conduct in business. These companies included Vietnam Maritime Corporation (VIMC), Traphaco Joint Stock Company and some other female-owned businesses in Thai Nguyen City like Lucas as an example. Through this initial assistance, it will create key foundation for businesses to standardize internal control mechanism and auditing committee to meet requirements of relevant regulations such as Law on Enterprises (2020), Law on Securities and Decree No. 05/2019/ND/CP on internal audit dated 22nd January, 2019.    

Project news

One of the top criteria for investors to consider is business integrity. Only when doing business with integrity can businesses create transparency for partners, shareholders, investors and customers. That is a commitment to sustainable development, building trust with partners and investors. In Vietnam, SMEs and startups are thriving, but investors have no tools to evaluate transparency and sustainability to make investment decisions. Realizing this problem, UNDP, with the funding of the British Prosperity Fund, supported VCCI to implement the Integrity Business Toolkit for Investors. This is a part of the National Startup Program 2020 and the project “Promoting a Fair Business Environment in Viet Nam”.   The Toolkit is intended for all investors who are currently investing in Vietnam or are interested in start-ups and SMEs in Vietnam. This toolkit helps investors at early stage investment and angel investors. The toolkit provides investors with information on the business environment in Vietnam and enable them to approach businesses and projects that are still primitive but still ensure necessary information for investment decisions. Besides, as the development of startups in Vietnam is happening strongly, incubators, start-up accelerators, and training institutions who deliver training and prepare startups for fund-raising should also refer to and use this Toolkit.   The Business Integrity Toolkit is based on the four main elements: 1) The company and its shareholders; 2) Reputation with business partners; 3) Legal compliance; 4) Internal control system. Although business integrity has a much broader scope, this toolkit mainly focuses on topics commonly considered as “anti-corruption”. For startups, business integrity should be based on the three drives: 1) Personal moral compass; 2) Quality of the management system; 3) Understanding and compliance to Vietnam’s law. Those are the foundation for the project to develop this Toolkit.   (Compiled)

Project news

During the first two weeks of March, the campaign engaging business women in Thai Nguyen city in a free online training programme attracted 101 visits, of which 95% of visitors completed the program and got certification. Two businesses that achieved highest number of certified participants were Thai Hung Trading Joint Stock Company and Dung Tan Company Limited. Overall results of businesses participating in the course are found here. The training program aims to provide support to businesses for proactively improving their capacity and efficiency in term of corporate governance, risk management and internal control, especially helping companies to comply with legal regulations such as Decree 05 on internal audit, Decree 71 on corporate governance, the Law on anti-corruption (2018),…Ms. Dinh Thi Bich Xuan, Deputy Director General of the Office for Business Sustainable Development, VCCI said. Therefore, two companies that met the set criteria of the programme are selected to receive a package of technical assistance from the “Government–Business Integrity Initiative–GBII” implemented by VCCI  and funded by the UK Prosperity Fund as part of the regional project “Promoting a Fair Business Environment in ASEAN”  under the United Nations Development Programme (UNDP). In days coming, VCCI will send an official letter to these eligible businesses to notify and ask for due diligence before officially signing MOU. At the same time, it’s really helpful to seek for specific understanding of business expectation, however, that demand requires to harmonize with scale of project which can support. Technical support is going to be provided starting March 2021.

Project news

On 19th November 2020, SDforB under VCCI in cooperation with Thai Nguyen Women Business Association hold a training course “Guiding application of internal control and code of conduct in business”. The course was organized successfully with participation of 60 local businesses. Among those about 95% participants evaluated the training substance practical, meeting the current interests of businesses and expressed the need to learn more deeply. For further training courses in-depth, VCCI collaborates with  Thai Nguyen Women Business Association and promotes a campaign that engages business women in Thai Nguyen in a free online training programme at: . This is one of the activities under the “Government –Business Integrity Initiative” – GBII funded by UK Property Fund via the regional project “Promoting fair trade in ASEAN” implemented by UNDP. The invitation is found here Time: from 1st to 15th of March 2021 The objectives: Provide in-depth knowledge in application of internal control mechanisms and codes of conduct for businesses towards international standards, comply the law. What is followed up to support businesses from VCCI? Provide 02 packages of technical assistance equivalent to 50,000,000VND/package for 02 companies with the highest numbers of certified participants (no less than 10 certificates/company applied to 1 or both thematic courses). In case there are more than 02 companies expected to meet the set criteria, the lucky draw program will be considered and announced later.  Technical assistance: the selected company can choose a package of TA that support to develop/implement/evaluate/improve one of the below processes: Internal control inspection and evaluation process Sales control process Process on inventory control Salary and salary deductions control process Note: the TA package is flexible to be adjusted in compliance with the business status. How business can participate in the online training programme? Required equipment & devices: internet connected computer, smartphone Access in online training programme: Access “Online Training” to learn the Topic 1: “Internal Control Guide”; the Topic 2: “Code of Conduct Guide in business” 4 steps should be carried out as follows: Step 1: overview on the training programme Step 2: Go through all modules provided in the video clips and documents Step 3: Complete 10 questions to evaluate knowledge. Press the button “Confirm answers” to complete the learning. Step 4: Register e-certificate (you are required to provide with full and accurate information online). Who will consult directly to business? High qualified experts are invited from the Academy of Finance who are well experienced in business consultancy and stricly selected to provide the training.   For further information please kindly contact: Mrs. Dinh Thi Bich Xuan, Vice Director, SDforB under VCCI, Mobile:  0988176878, email:

Project news

The “Governance – Business Initiative – GBII” is supported by the UK Prosperity Fund, ASEAN Economic Reform Program, within the framework of the Regional Project on “Promoting a Fair Business Environment in ASEAN” implemented by the United Nations Development Program (UNDP), and aims to improve corporate governance and sustainable development in Vietnam. We are looking a national consultant team and/or a national consulting company who have appropriate qualification and experience to conduct 2 assignments below (see TOR): Type of bidding package: service provider Main content of the bidding package: Research/Survey included 2 assignments as below: Assignment 1: Review and document good practices and measure impacts imposted by the training course on the businesses participated (the courses and the workshops) conducted by SDforB – VCCI from the end of 2018 to 2020. Time for implementation: 1st quarter 2021 (no later than 31 March 2021) Fee: 53 working days, the rate in complience with EU Cost Norm 2017 Objectives: To collect and review good practices on application of IC and CoC and/or business integrity conduct in business and to measure impacts/behaviour changes of benefited participants (business only) who attended training courses/workshops; Identify good practices, lessons and document those experience in appropriate form to disseminate and multiply the effectiveness in further. Assignment 2: Conduct a research on needs and feasibility to develop Vietnam Business Integrity (VBIN); provide and network relevant services aimed to promote business integrity. Time for implementation: 1st Quarter 2021 (preparation and implementation), April 2021 (finalizing the report) Fee: 62 working days, rate in complience with EU Cost Norm 2017 Objectives: Conduct a survey on business’s need/expectation of medium and big companies in Vietnam (both domestic and FDI; however, it is possible to consider the priority order and base the project budget for this activity and decide after the discussion; research consulting services, and affordability for those services in promoting business integrity; Research and evaluate the willingness of legal firms, consulting companies to participate in VBIN as technical experts; Research and evaluate possibility that donors and businesses including MNCs and Groups to make financial and non-financial contribution to VBIN. Research and evaluate possiblity of government agencies, international organizations and experts for participation in VBIN.   Method of bidder selection: Shorten national shopping Deadline for submission of technical and financial proposal: before 30/1/2021 Submission form: send email to or mail to SDforB, No. 9 Dao Duy Anh Str., Dong Da District, Hanoi Contact person: Ms Xuân, Tel: 024 35743492