According to PwC's 2023 ESG Readiness Report, 60% of private businesses in Vietnam have a lack of knowledge about ESG ( environment, social, and governance), and the country has a gap in ESG governance and reporting. However, 80% of Vietnamese companies have made ESG commitments or plan to do so soon, primarily due to demands from investors, employees, and consumers. 

66% of companies in Vietnam are implementing ESG programs, 49% have established ESG governance structures, and 35% actively involve their board of directors in ESG matters. However, only 28% have comprehensive risk indicators to monitor implementation progress, and 71% lack sufficient knowledge to report on ESG data. 
69% of private enterprises in Vietnam have made ESG commitments or plan to do so between the next two to four years, while 31% do not plan to make any commitments within that timeframe. 
ESG is a framework for evaluating the sustainability and ethical impact of a company or investment. ESG investors aim to buy the shares of companies that have demonstrated a willingness to improve their performance in these three areas.