Adapting European union sustainable corporate governance regulations for Vietnam : a comparative policy analysis

Abstract

This master’s thesis examines how European practices related to sustainable corporate governance could be transferred to the socio-economic and legal Vietnamese context using comparative policy analysis. The core objectives of the research are to identify critical success factors and potential obstacles to the transfer of European governance models to Vietnam and assess the potential impacts of such regulatory adaptations. Precisely, key findings portray significant gaps, particularly in regulatory enforcement, stakeholder engagement, and the integration of ESG issues in the existing corporate governance framework of Vietnam. In this study, the proposed strategies for adapting European corporate governance in Vietnam will be far-reaching in allowing corporate transparency, attracting foreign investments, and attaining long-term sustainable development in the Vietnamese economy. This thesis underscores the importance of implementing corporate governance practices in Vietnam with international standards to attain sustainable economic growth and broader socio-economic development goals.