On November 10, 2026, in Hanoi, Mr. Nguyen Viet Thinh – CEO and Co-founder of CGS Vietnam participated as a speaker, sharing insights on ESG risk management at the Corporate Governance Seminar titled “Managing emerging risks in the new economic era”, organized by the Hanoi Stock Exchange (HNX) as part of its 2026 Annual Corporate Conference.
The seminar brought together experts from the Institute of Internal Auditors Vietnam (IIA Vietnam), CGS Vietnam, and VNG Corporation, along with representatives of the State Securities Commission of Vietnam (SSC), to discuss governance challenges arising from emerging risks and the growing need for businesses to strengthen their adaptability.
ESG risk management: From underpriced risks to competitive advantage
At the seminar, Mr. Nguyen Viet Thinh delivered a presentation titled “ESG Risk Management: From Underpriced Risks to Competitive Advantage”, emphasizing that environmental, social, and governance (ESG) risks are increasingly interconnected with business operations and can have significant financial implications for companies.
From climate risks, carbon costs, and supply chain compliance requirements to shortcomings in transparency and internal governance, ESG factors can affect not only costs and revenues but also access to markets, financing, and corporate reputation. Conversely, companies that proactively manage these factors can unlock new business opportunities, strengthen resilience, and build long-term competitive advantages.
Against this backdrop, the CGS Vietnam representative emphasized the importance of integrating ESG risks into enterprise risk management (ERM) systems, rather than treating ESG as a standalone initiative or merely a means of meeting disclosure requirements.
The proposed approach focuses on three key priorities: Identification of material ESG risks; measurement of their impacts using reliable data and appropriate indicators; and oversight through clearly defined responsibilities, reporting mechanisms, and Board of Directors (BoD) supervision.
In particular, the BoD should strengthen its strategic guidance and oversight role, ensuring that material ESG risks are considered in strategic planning and business decision-making.
Proactive risk management to protect corporate value
Following the presentations, the panel discussion titled “Risk management to protect corporate value” provided a platform for practical exchanges among speakers and regulatory representatives on risk management, Board responsibilities, securities law compliance, and the role of Internal Audit.
The discussions highlighted the need to shift from responding to risks after incidents occur to proactively identifying, assessing, and developing appropriate risk response strategies. Risk management should not be the sole responsibility of a dedicated department but should be embedded in business processes, decision-making mechanisms, and corporate risk culture.
The panel also addressed the role of internal audit in supporting the BoD’s oversight of executive management, evaluating the effectiveness of internal controls, and managing emerging risks. Independence and objectivity were emphasized as essential factors in ensuring effective oversight.
As Vietnam’s stock market enters a new stage of development, improving the quality of Corporate Governance, information transparency, and accountability is becoming increasingly important.
Through its contributions at the seminar, CGS Vietnam aims to raise awareness of the importance of Corporate Governance and ESG risk management, particularly the need to move from reactive responses toward proactive risk identification, assessment, and control across business operations.
Effective ESG risk management is not only about minimizing losses. It also provides a foundation for businesses to strengthen resilience, seize opportunities, and build sustainable competitive advantages.
About CGS Vietnam
CGS Vietnam Consulting Joint Stock Company provides specialized advisory services in Corporate Governance, Sustainability (ESG), Risk Management, and Internal Audit. Backed by a team of experienced professionals with deep expertise in international best practices, CGS Vietnam partners with businesses to strengthen corporate governance, enhance management capabilities, meet investor expectations, and achieve long-term sustainable growth.
Contact CGS Vietnam:
Hotline: (+84) 363 581 520 | Email: [email protected] | Website: https://cgsvietnam.com/
LinkedIn: https://www.linkedin.com/company/cgs-vietnam | Facebook: https://www.facebook.com/CGSVietnamCompany/