An increasing number of Vietnamese businesses are demonstrating interest in sustainable development, according to the recently released Schneider Electric Green IMPACT Gap Sustainability Report 2024.

The report surveyed 4,500 business leaders across nine countries, including 500 representatives from Vietnam. It aimed to gather insights from leaders in Asia regarding sustainability and environmental challenges. Participants, including mid-level and senior executives in the private sector, answered 30 questions about the impact of sustainable development on business operations.

The survey was conducted in Indonesia, Japan, South Korea, Malaysia, the Philippines, Singapore, Taiwan, Thailand, and Vietnam.

Mr. Dong Mai Lam, General Director of Schneider Electric Vietnam and Cambodia, observed that Vietnam is at a pivotal point in its journey toward realizing sustainable development commitments. Within just one year, the country has made significant progress, narrowing the Green IMPACT Gap from 52% in 2023 to 45% in 2024.

“This remarkable progress reflects not only the determination of the Vietnamese business community but also the leadership of 'Impact Makers'—visionaries who actively promote sustainable transformation,” said Mr. Lam.

However, he emphasized that achieving the Net Zero target by 2050 will require addressing challenges such as securing financial resources, leveraging advanced technologies, and adapting to new policies.

The survey revealed that 96% of Vietnamese businesses are now familiar with Decree No. 06/2022/ND-CP, which outlines regulations for reducing greenhouse gas emissions and protecting the ozone layer. Among these businesses, 54% cited a lack of technical expertise in measuring and reporting emissions as the biggest hurdle to full compliance. Additionally, 46% highlighted insufficient capital and resources as a key challenge.