Research On Factors Affecting The Adoption Of Sustainable Development Reports In Enterprises Build Listed Companies In Vietnam

Abstract

In the context of globalization and international economic integration, Vietnamese construction enterprises (CEs) are increasingly under pressure to adopt sustainability reports (SRs) to affirm their commitment to Environmental, Social, and Governance (ESG) factors, thereby enhancing their reputation and competitiveness in the market. However, the adoption level of SRs by listed CEs in Vietnam is uneven and depends on various factors. This study focuses on exploring and analyzing the factors affecting the adoption of SRs by listed CEs in Vietnam. Based on theoretical synthesis and empirical surveys, the research indicates that managerial perception is the most influential factor, demonstrated by the decisive role of leadership in orienting and allocating resources for sustainable development activities. Furthermore, the characteristics of the construction industry, with its stringent environmental and social requirements, also drive enterprises to adopt SRs to meet legal requirements and enhance competitiveness. Additionally, factors such as firm size, perceived benefits, growth opportunities, and stakeholder pressure are also identified as having significant influence, albeit with varying degrees of impact. The research findings not only clarify the impact mechanism of each factor but also propose practical solutions to enhance the SR adoption capability of listed CEs in Vietnam. This study contributes a scientific basis for policy-making and offers practical value in promoting sustainable development within the Vietnamese construction industry in the context of international integration.