A Study on Sustainability Indicators for Energy Companies in Viet Nam

Abstract

The energy sector is a cornerstone of Viet Nam’s economic growth, providing critical contributions to development and employment. However, ensuring its long-term sustainability remains a pressing challenge. This study leverages the United Nations’ ESG framework to develop a comprehensive structure for sustainable management indicators tailored to Viet Nam’s energy industry. Through expert interviews and systematic analysis using the modified Delphi and DEMATEL methods, the study identified “Cost Management” as the most critical sustainability indicator, influencing other key areas. Additionally, “Innovation Management”, “Renewable Energy”, “Vocational Training”, and “Human Capital Development” emerged as pivotal for driving sustainability. These findings underscore the importance of aligning sustainability practices with operational efficiency and innovation. The study highlights the urgent need for energy companies to adopt targeted solutions such as cost optimization, investments in renewable technologies, and workforce development to foster sustainable growth. By offering actionable insights and a prioritized framework, this research provides energy companies and policymakers with a practical roadmap to enhance Viet Nam’s energy sustainability and support its economic recovery post-COVID-19.