Vietnam honors enterprises with corporate sustainability

10:23 | 14/11/2016 Companies

A ceremony was held on November 8 to announce the 100 enterprises that employ a business approach to promoting corporate sustainability.

Vietnam honors enterprises with corporate sustainability

Amway Vietnam is honoured for its corporate social responsibility

Those that made the list were selected based on a composite index known as the corporate sustainability index (CSI) comprising 151 qualitative criteria in accordance with international practices and adjusted to conditions in Vietnam.

Nguyen Quang Vinh, deputy secretary general of the Vietnam Chamber of Industry and Commerce, said the CSI had been compiled for the first time in Vietnam and was intended to measure an enterprise’s sustainable development.

He emphasised that honouring these companies would motivate others to pursue a similar approach to business.

One of the enterprises on the list is Amway, which has made significant contributions to community development, as well as promoting socio-economic development, creating jobs and increasing income for Vietnamese residents since its presence was first seen in Vietnam in 2008.

The company is also known for its safe working environment, proper fulfilment of its tax obligations and compliance with Vietnamese law, said Leo Boon Wang, general director of Amway Vietnam.

He added that the honour would encourage the company to continue to fulfil its corporate development strategy which pursues productive growth, protecting the environment and ensuring community interests.

Amway Vietnam, known for its home care and beauty products, was founded in 2008 and currently has a network of 300,000 distributors throughout the country.

The company has established two manufacturing facilities in the provinces of Binh Duong and Dong Nai, in addition to 12 branches and distribution centres across Vietnam and three training centres in Hanoi, Ho Chi Minh City and Can Tho./.

 

Source: NDO

Theo ven.org.vn