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Global Compact Launched in Vietnam

(New York/Ho Chi Minh City, 27th September 2007) - The United Nations in partnership with the Viet Nam Chamber of Commerce and Industry (VCCI) launched the UN Global Compact Network yesterday in Ho Chi Minh City, Viet Nam.

“It is important to promote a transparent debate on corporate social responsibility in Viet Nam,” said Vice Executive President of the VCCI Dr Doan Duy Khuong. “And it is even more important to understand the implications and positive benefits it can bring to companies themselves and to Vietnamese society as a whole.”

“With Viet Nam’s rapid economic growth and increasingly sophisticated business environment, it is indeed a fitting moment to launch the Global Compact and to raise awareness of the role of corporate social responsibility in the development process,” said UN Resident Coordinator John Hendra at the launch. “By mainstreaming the Global Compact principles related to human rights, labour, the environment and anti-corruption into business practices we create the conditions for a dynamic and equitable economy.”

Mr Tran Vu Hoai, Vice President of Corporate Relations for Unilever, a Global Compact member, said in his remarks: “Unilever supports the principles of the UN Global Compact, and welcomes its recognition of the positive contribution that business can make to a more prosperous and sustainable world. We at Unilever believe that companies have a duty to manage all aspects of business in a responsible and sustainable way and for this reason have clear principles of corporate behavior, which we uphold wherever we operate.”

The local network can be joined by Vietnamese as well as foreign companies registered in Viet Nam as well as by civil society organisations or government agencies and institutions.

The Global Compact Network was launched with the support of the Spanish Agency for International Cooperation (AECI) and Unilever Viet Nam.

Media contact:

Matthias Stausberg

Ms. Nguyen Viet Lan
UN Communications
84-4-822-4383 ext. 121

Or to enquire about joining the Network contact: partnerships@undp.org.vn