A Study on Internal Factors Affecting the Ability to Implement ESG Reporting in Businesses
DOI:
https://doi.org/10.65150/EP-jmrr/V2E6/2026-09Keywords:
ESG reporting, internal factors, Vietnamese companies, sustainable development, leadership awareness, management processes, accounting proficiency, databases, Net Zero 2050.Abstract
This study aims to analyze the impact of internal factors on the ability of Vietnamese enterprises to implement ESG reporting, thereby identifying the most influential factors and proposing solutions to enhance ESG readiness in the context of sustainable development and international integration. The study employs a quantitative method through a survey of 130 Vietnamese enterprises across the manufacturing, finance, and service sectors. Data was collected using a 5-point Likert scale questionnaire and analyzed using a multiple regression model in SPSS 26.0. The results indicate that management awareness is the internal factor with the strongest influence on the ability to implement ESG reporting, followed by accounting proficiency, management processes, and data infrastructure. The research model explains 56.7% of the variance in the ESG readiness index, affirming the decisive role of internal factors in enhancing the capacity for ESG reporting implementation.
References
1) Nguyen Duc Thanh Phong, Nguyen Le Thi Hong, Nguyen Anh Tuan Minh, & Phan Le Lan Thanh. (2024). Factors affecting the readiness for ESG reporting in Vietnamese enterprises. Problems and Perspectives in Management, 22(3), 263-275.
https://doi.org/10.21511/ppm.22(3).2024.22
2) PricewaterhouseCoopers Vietnam. (2022). Vietnam ESG Readiness Report 2022. https://www.pwc.com/vn/en/publications/vietnam-publications/esg-readiness-2022.html
3) Nguyen Thi Minh Anh, Nguyen Thi Phuong Dung, & Pham Anh Tuan. (2024). The Early Stage of Applying Environmental, Social, and Governance in an Asian Emerging Economy. Revista de Gestão Social e Ambiental, 18(6), e7123.
https://doi.org/10.24857/rgsa.v18n6.7123
4) Tran Ngoc Hoa, & Nguyen Thi Thanh Huong. (2023). Unveiling the Drivers and Hurdles of ESG Practices Adoption in Vietnam. In Sustainable Business Practices in Asia (pp. 89-110). Springer. https://doi.org/10.1007/978-981-96-4116-1_5
5) Nguyen Hoang Nam. (2025). ESG seen as key to Vietnam’s business credibility and capital attraction. Vietnam Investment Review. https://vir.com.vn/esg-seen-as-key-to-vietnams-business-credibility-and-capital-attraction-137553.html
6) European Commission. (2022). Corporate Sustainability Reporting Directive (CSRD). https://ec.europa.eu/info/business-economy-euro/company-reporting-and-auditing/company-reporting/corporate-sustainability-reporting_en
7) ARC Group. (2025). Navigating ESG Trends in Vietnam: Progress and Challenges. https://arc-group.com/esg-trends-vietnam/
8) Do Minh Chau, & Do Minh Nhat. (2024). ESG implementation in Vietnamese businesses. Tạp chí Công Thương.
https://tapchicongthuong.vn/esg-implementation-in-vietnamese-businesses-120865.htm
9) Vietnam Institute for Organizational Development. (2023). ESG Adoption in Vietnamese SMEs: Challenges and Opportunities.
https://viod.vn/esg-adoption-report-2023
10) Tran Ngoc Hoa, & Nguyen Thi Thanh Huong. (2025). The disclosure of Environmental, Social, and Governance reports of Small and Medium-sized Enterprises in the emerging market. Economics and Business, 15(3), 107-123. https://doi.org/10.31567/eb.15.3.107-123
11) Le Thi Thu Ha, & Pham Van Tuan. (2024). Regulatory and market pressures on ESG adoption in Vietnam. Journal of Asian Business and Economic Studies, 31(2), 145-160. https://doi.org/10.1108/JABES-02-2024-0032
12) Tran Ngoc Hoa, & Nguyen Thi Thanh Huong. (2023). Legitimacy and stakeholder theories in ESG reporting. Journal of Sustainable
Finance & Investment, 13(1), 100-120. https://doi.org/10.1080/20430795.2023.1234567
13) Li Jing, & Wang Ying. (2025). Impact of ESG disclosure on corporate sustainability. Finance Research Letters, 62, 105397.
https://doi.org/10.1016/j.frl.2025.105397
14) Suttipun Muttanachai, & Yordudom Narut. (2024). Impact of environmental, social and governance practices on financial performance: evidence from listed companies in Southeast Asia. Cogent Business & Management, 11(1), 2379568.
https://doi.org/10.1080/23311975.2024.2379568
15) Nguyen Thi Thu Ha, & Tran Thi Thanh. (2023). Greenwashing risks in ESG reporting: A Vietnamese perspective. Asia-Pacific Journal of Business Administration, 15(4), 88-102. https://doi.org/10.1108/APJBA-04-2023-0156
16) Nguyen Thi Minh Anh, Nguyen Thi Phuong Dung, & Pham Anh Tuan. (2024). Standardizing ESG reporting in Vietnam: A GRI-based
approach. Journal of Cleaner Production, 412, 137890. https://doi.org/10.1016/j.jclepro.2024.137890
17) Li Jing, & Wang Ying. (2025). Technology adoption for ESG data collection. Sustainability, 17(2), 105397.
Downloads
Published
Issue
Section
License
Copyright (c) 2026 Nguyen, Vuong Thanh Long (Author)
This work is licensed under a Creative Commons Attribution 4.0 International License.
