VINAFCO COLLABORATES WITH FPT DIGITAL TO LAUNCH 2024 SUSTAINABLE DEVELOPMENT REPORT IN COMPLIANCE WITH GRI STANDARDS

The report is developed in accordance with the latest standards issued by the Global Reporting Initiative (GRI), governed by the Global Sustainability Standards Board (GSSB). It reflects how Vinafco’s sustainable development initiatives align with the United Nations Sustainable Development Goals (SDGs). The report outlines the company’s strategic direction to integrate Environmental, Social, and Governance (ESG) factors into all aspects of operations, with the joint efforts of employees, partners, customers, and communities, aiming to build a green and sustainable future for Vietnam’s logistics sector.

Vinafco: 37 Years of Building a Sustainable Logistics Future
Over the past 37 years, Vinafco Joint Stock Company has established itself as one of Vietnam’s leading logistics enterprises. Starting as a traditional freight forwarding business, Vinafco has grown into a trusted provider of integrated logistics services and end-to-end supply chain solutions for both domestic and international partners. Throughout its journey, Vinafco has remained steadfast in its commitment to sustainable development, aligning business efficiency with social and environmental responsibilities.

With a vision to become one of the top five integrated logistics and supply chain solution providers in Vietnam, Laos, and Cambodia by 2025, Vinafco regards ESG not just as a trend, but as a core operational principle. By adhering to ESG standards, Vinafco affirms its commitment to a sustainable future—one that goes beyond profitability to embrace accountability toward society, the environment, and future generations.

First Sustainability Report Launch: Laying the Foundation for a Green Logistics Ecosystem
In line with its overarching strategic vision for sustainable development, Vinafco has proactively translated its sustainability values into specific actions implemented company-wide. Environmental, social, and governance principles—recognized as the three essential pillars of the new development philosophy—have become the "red thread" woven throughout all of Vinafco's operations. ESG initiatives are no longer stand-alone efforts; they are fully integrated into the company’s core business strategies to improve performance, foster innovation, and optimize operational capacity. ESG is gradually becoming a strategic lever for Vinafco to strengthen its long-term competitiveness, generate sustainable value, meet stakeholder expectations, and unlock future growth opportunities.

This pivotal transformation began in March 2024, when Vinafco and FPT Digital jointly launched the “Green Journey” initiative—a strategic event that opened a new chapter in Vinafco’s sustainability journey. The initiative clearly demonstrates Vinafco’s active commitment to working alongside the government, the business community, and stakeholders in achieving sustainable development goals.

Following this momentum, Vinafco, in partnership with FPT Digital, officially released its first-ever Sustainable Development Report in 2024. Built upon GRI Standards—a globally recognized sustainability reporting framework issued by the GSSB—the report showcases Vinafco’s alignment with the United Nations’ SDGs.

The report serves as a transparent, comprehensive, and up-to-date communication channel for stakeholders—including investors, customers, partners, and the community—on Vinafco’s current operations, progress in sustainability strategy implementation, and upcoming improvements. It also affirms the company’s long-term, responsible, and comprehensive development vision. Amid global business uncertainties and mounting pressure for transformation, this inaugural report provides internal motivation for Vinafco to enhance its governance model, optimize operations, and maintain sustainable growth.

Green Logistics: A Strategic Imperative for Enhancing Competitiveness and Sustainable Growth
According to the Vietnam Logistics Report 2024, green and sustainable logistics are becoming critical trends, especially as the country has committed to net-zero emissions by 2050. This shift stems not only from national policy directions but also from tangible actions by businesses and evolving market demands. A report from the Ministry of Natural Resources and Environment (January 2024) shows that 53% of medium and large logistics companies have begun implementing energy-saving solutions in transportation and warehousing. Additionally, a 2023 survey by the Vietnam Logistics Business Association (VLA) found that 65% of corporate customers prefer working with environmentally certified logistics providers—highlighting the increasing role of green transformation as a key market differentiator.

For Vinafco, green transformation is not just a moral responsibility—it is a central strategy for securing long-term competitive advantage. As sustainability standards become the “passport” for global value chain participation, serious investment in green logistics enables Vinafco to expand its development scope, attract strategic partners, and enhance its reputation both domestically and internationally.

To fulfill this mission, Vinafco’s 2024 Sustainability Report is structured around four key pillars: Economic – Environmental – Social – Governance.

Key Highlights from the 2024 Report:
Economic Development
The report emphasizes Vinafco’s continued efforts to improve business performance through innovation, advanced technologies, and market expansion. 2024 marked the company’s expansion into Freight Forwarding services, reinforcing its role in connecting global supply chains. Notably, Vinafco has digitized its Transport Management System (TMS) and Warehouse Management System (WMS), integrated with ERP platforms, and launched the “Ignite Ideas” competition to promote innovation in logistics operations.

Building a Green Logistics Chain
With a clear environmental commitment, Vinafco has introduced impactful initiatives to minimize ecological impact. These include the Slow Steaming initiative, which reduces fuel consumption by 30% per vessel, and strict adherence to IMO and MARPOL maritime standards to protect marine biodiversity. Additionally, the company focuses on safe disposal and treatment of hazardous materials such as batteries, waste oil, and contaminated cleaning cloths.

Stakeholder Engagement & Collaboration
Sustainable development through strong stakeholder engagement is a top priority for Vinafco. The company guarantees 100% compliance with occupational safety regulations, offering nearly 6,000 hours of training via its E-learning platform. Vinafco also provides robust employee benefits, ensures stable employment for local workers (46.2% of staff), and creates job opportunities for veterans—enhancing workforce quality and contributing to community development.

Transparent Governance and Operations
Vinafco remains committed to strengthening internal governance, compliance, and stakeholder accountability. The company maintains ISO 9001, 22000, 14001, and 45001 certifications, and enforces HSE compliance across all suppliers. In 2024, Vinafco established a permanent ESG Committee to monitor environmental, social, and governance initiatives, ensuring all corporate decisions prioritize long-term community welfare.

By integrating these four foundational pillars, Vinafco has built a solid platform for growth while actively contributing to Vietnam’s green logistics transformation. The company stands with the government in delivering on international climate and sustainability commitments.

The 2024 Sustainability Report marks a major step in enhancing transparency, standardizing governance, and gradually aligning with international benchmarks. As every link in the value chain becomes “greener,” Vinafco not only boosts production and operational capabilities but also lays a firm foundation for a truly sustainable ecosystem.

Through this ecosystem-focused model, Vinafco aims to enhance productivity, improve operational efficiency, and optimize end-to-end value. At the same time, the report highlights the proactive role of the logistics sector in driving sustainable development in today’s landscape, aligning with the Government's current goals and commitments.