Skip to main content

Research Repository

Advanced Search

Exploring the Status Quo of Adopting the 17 UN SDGs in a Developing Country—Evidence from Vietnam

Helfaya, Akrum; Bui, Phuong


Phuong Bui


This paper develops the multiple-theoretical framework of legitimacy, stakeholders, and voluntary perspective to assess the adoption of Vietnamese listed firms to the 17 United Nations’ Sustainable Development Goals (SDGs). The paper’s primary objective is to use content analysis to discover the status quo of the SDGs practices of the largest 100 Vietnamese listed firms on the two biggest Vietnamese stock exchanges (Ho Chi Minh Stock Exchange–HOSE and Hanoi Stock Exchange–HNX). By drawing a unique framework, the paper contributes to the extant literature review of SDG-related research. Our research framework enables corporate decision-makers significantly access corporate SDG adoptions and the implementation process. With the direct pressure of stakeholders, high environmental sensitivity industries are keen on disclosing SDG-related information. Notwithstanding, the findings reveal that Vietnamese listed firms indicate “green talks” in their corporate reporting rather than “green actions”. Thus, our findings encourage firms to engage in SDGs through substantive sustainability strategies and need greater attention from governments, practitioners, and policymakers.

Journal Article Type Article
Acceptance Date Nov 14, 2022
Online Publication Date Nov 18, 2022
Deposit Date May 30, 2023
Journal Sustainability
Publisher MDPI
Peer Reviewed Peer Reviewed
Volume 14
Issue 22
Pages 15358
Keywords Management, Monitoring, Policy and Law; Renewable Energy, Sustainability and the Environment; Geography, Planning and Development; Building and Construction