This event marked an important step forward in raising awareness of and building a robust ecosystem for inclusive practices, and supporting businesses in creating new competitive advantages and values and bring about socio-economic benefits.
Trinh Thi Huong, AED deputy head, emphasised that sustainable development has become an inevitable trend, as business operations are heavily impacted by global geopolitical fluctuations, economic changes, and climate change.
Inclusive sustainable business model is a helpful approach being promoted worldwide to enhance competitiveness for businesses. It enables companies to engage in activities that not only generate profits but also encourage stakeholders to operate sustainably, transforming compliance burdens into advantages for the business, she stated.
Jason Lusk, a representative from Clickable Impact, a foreign consulting firm specialising in ecosystems and climate technology, said that the inclusive business offers triple benefits for the government, businesses, and low-income individuals.
Specifically, for low-incomers, this model helps provide stable employment and income. For the government, it promotes economic growth, and for businesses, it facilitates access to new markets and enhances brand value.
In Vietnam, in 2022, the Prime Minister approved a programme to support private enterprises in sustainable business development in the 2022-2025 period. It focuses on inclusive business practices with the goal of ensuring that all segments of society, especially vulnerable groups that are often overlooked in traditional business models. benefit from economic activities.
