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Preliminary Assessment of the Regulatory Framework on Responsible Business Practice in Viet Nam

Oct 19, 2020

The Preliminary Assessment is undertaken as part of the Responsible Business Project of UNDP Viet Nam, in collaboration with the Ministry of Justice, in partnership with the Government of Sweden. The Assessment provides a preliminary analysis of laws and policies as they pertain to upholding international social and environmental standards in the context of business activity, and adopts the UN Guiding Principles on Business and Human Rights (UNGPs) as the primary international framework to guide the Assessment.

Therefore, the two main objectives of this Assessment are to: (i) Assess alignment of regulatory framework in Viet Nam with implementation of the UNGPs and other international commitments related to responsible business practice through desktop analysis of relevant existing legislation, regulation, and policies, and; (ii) Identify relevant gaps and propose recommendations for the Government of Viet Nam to focus and guide efforts towards development of a National Action Plan on responsible business practice.

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