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IS IT THE TIME FOR SUSTAINABLE DEVELOPMENT TO BECOME A MANDATORY CRITERION FOR ENTREPRENEURS?

CT GROUP

Metro Star Company held the Vietnam Entrepreneur’s Day on October 13th, attended by over 100 entrepreneurs in Ho Chi Minh City.

In the midst of ongoing globalization and in today’s interconnected world, Vietnamese entrepreneurs play an essential role in promoting international relations and collaboration across borders, with a shared goal of sustainable development. Therefore, Vietnamese entrepreneurs need to unite, work together, and demonstrate the enduring spirit of Vietnam, which involves resilience and determination to overcome challenges and seize cooperation opportunities. This creates deep connections that bind us together into a strong and sustainable community of entrepreneurs.

Especially in a world facing various issues such as wars, climate change, economic crises, ESG (Environmental, Social, and Governance) standards are mandatory for sustainable business development.

To boost this spirit, on the evening of October 13, 2023, Metro Star Company organized the “Vietnam ESG Entrepreneurs Alliance – Sustainable Development Entrepreneurs Alliance on October 13” event, which aimed to honor sustainable development-focused entrepreneurs and build a strong entrepreneurial community.

Sustainable development helps businesses gain market recognition and increase their corporate value, as it aligns with the global trend that links business development with community involvement, emissions reduction, and adapting to climate change.

During the event, entrepreneurs who have contributed to the sustainable development of businesses were honored. This activity serves as an encouragement for businesses and entrepreneurs to develop in the direction of sustainability.

Entrepreneurs receiving the “Sustainable Development Entrepreneur” commemorative medal

Vu Hong Quang, Chairman of Metro Star Company, shared with the ESG Entrepreneurs Alliance at the event: “Vietnamese Entrepreneur’s Day is not just a date on the calendar; it’s a wonderful opportunity for us to celebrate stories of resilience, innovation, and the unwavering spirit of the Vietnamese people in general and Vietnamese entrepreneurs in particular. It’s a journey that the business community and companies have embarked upon, overcoming numerous challenges and seizing opportunities to make significant contributions to economic development and community well-being, especially through the ESG Sustainable Development Entrepreneurs Alliance.”

​Moreover, the Vietnam ESG Entrepreneurs Alliance event is also a great opportunity for Metro Star Company to share its experience and relatively novel ESG model with domestic businesses, to collaborate in their development. Metro Star’s projects, situated near metro lines, will encourage the community to use electric trains, thereby reducing CO2 emissions from personal vehicles such as cars and motorcycles. Through effective development strategies, this model can be expanded, according to a Metro Star representative.

Mr. Vu Hong Quang, Chairman of Metro Star Company, speaking at the event

The event also provides an opportunity for entrepreneurs to share experiences and foster a spirit of cooperation and deep connections among Vietnamese entrepreneurs. Metro Star Company’s ESG model has garnered significant interest and lively discussions. Many entrepreneurs are showing enthusiasm for Metro Star’s green and sustainable development focus according to ESG standards. What’s especially noteworthy is that Metro Star is a pioneer in the Vietnamese market with its Green TOD (Transit-Oriented Development) model, featuring over 50 projects developed alongside major electric train stations along six metro lines in Ho Chi Minh City.

In a global context where the world is moving towards a Net-zero future and climate change adaptation is of utmost concern, the development strategies of companies aligned with ESG principles are highly regarded by the international community. Sustainable business practices have become a key measure of a company’s capability in development. They emphasize the creation of products that have a positive impact on the environment and the community, reflecting a company’s forward-looking vision.

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