Lagging sustainability disclosures could cost Vietnam in global trade

Vietnam’s economic growth is highly anticipated, but its corporate sustainability disclosure lags behind other ASEAN countries. Pictured is Ho Chi Minh City, Vietnam’s largest city. (Image: iStock)

Vietnam’s economic liberalization has driven strong growth, with the Associated Press (AP) likening the government’s ambitions to becoming Asia’s next “tiger economy.”

But in an era where economic expansion is deeply intertwined with climate change, a report from the Association of Chartered Certified Accountants (ACCA) finds that fewer than 70% of Vietnam’s top 100 listed companies publish sustainability reports — the lowest rate among major ASEAN economies.