Vietnam network pushes transparency

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The founders of a new United Nations Global Compact network in Vietnam have pledged to make increased corporate transparency one of their main objectives.

Doan Duy Khuong, deputy executive president of the Vietnam Chamber of Commerce and Industry – which set up the network with support from Unilever Vietnam and the Spanish Agency for International Co-operation – told delegates at the network’s launch ceremony in Ho Chi Minh City that transparency could bring ‘positive benefits to companies themselves and to Vietnamese society as a whole’.

John Hendra, UN resident co-ordinator, said there was a pressing need for the new network given Vietnam’s ‘rapid economic growth and increasingly sophisticated business environment’. He added that apart from encouraging more transparency, the network would concentrate on ‘mainstreaming the Global Compact principles related to human rights, labour, environment and anti-corruption into business practices’.

Membership of the network is open to Vietnamese businesses, foreign companies registered in Vietnam, civil society bodies and government agencies and institutions.