This morning, the Vietnam Chamber of Commerce and Industry (VCCI), the United States Agency for International Development (USAID), and Suntory PepsiCo Vietnam (SPV) officially signed Memorandum of Understanding (MoU) to implement the Green Index as a complementary expansion of the Provincial Competitiveness Index. Conceived by VCCI and supported by USAID and SPV, the Green Index is an initiative to promote environmental regulatory reforms and improve environmentally-friendly investment at the provincial level, helping businesses to identify provinces that are facilitating green operations. During her August trip to Vietnam, U.S. Vice President Kamala Harris announced USAID’s support for developing a Green Index to rally the private sector to climate action.
The Green Index is an effort to incorporate greater environmental sustainability into provincial leadership consideration moving forward. The Green Index is being launched just as Vietnam’s shift to deeper environmental awareness is taking root. The Green Index furthers Vietnam’s path towards sustainable economic development and bolsters Vietnam’s commitments at the recent Climate Change Conference (COP26).
Since 2005, VCCI and USAID
have become trusted partners with cooperation underpinned by mutual
respect, and each partner jointly contributing to the development of the
private sector and an enabling business climate at the provincial level in Vietnam.
From 2021, Suntory PepsiCo Vietnam ha