Topic: Framework

Ho Chi Minh City has implemented a “Market stabilization program” for 20 years, and currently has nearly 11,000 points of sale with the participation of 69 businesses. The program’s revenue is expected to reach more than VND22 trillion (nearly $1 billion) this year. In the context of deep integration, the program needs to develop a legal framework in line with commitments in international and domestic markets.

At a meeting with the Vietnam Blockchain Association (VBA), Mr. Jean Portier from the International Monetary Fund (IMF) said it is necessary for each country to have a legal framework for digital assets, even if it doesn't allow such assets. Vietnam needs to quickly complete a legal framework and issue codes of conduct to further develop blockchain.

A report from the World Business Council for Sustainable Development (WBCSD) assessing the status of certain industrial parks in Vietnam under Environment - Social - Governance (ESG) criteria shows that more and more businesses are becoming interested in the topic. However, the criteria are still a challenge and the number of businesses using them remains modest. It is necessary for business leaders to promote investment and a holistic mindset.