Towards a Sustainable Business Model in Light of Inclusiveness, Circularity, and Green Business Practices—A Conceptualisation

Anh Tuan Tran (), Thu Ha Nguyen () and Anh Tuan Nguyen ()
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Anh Tuan Tran: University of Economics and Law, Vietnam National University Ho Chi Minh City
Thu Ha Nguyen: Van Lang University
Anh Tuan Nguyen: Hue University

Chapter Chapter 7 in Future of Business in Asia, 2025, pp 115-136 from Springer

Abstract: Abstract In an era of globalisation, businesses face growing pressure to address environmental, social, and economic challenges. The United Nations Sustainable Development Goals (SDGs) offer a universal framework to guide inclusive and sustainable business practices. However, emerging business models, such as circular and inclusive approaches, remain fragmented, creating challenges for widespread adoption and standardisation. This conceptual paper examines sustainable business models by integrating economic, environmental, and social dimensions of sustainability. Focusing on Vietnam, a rapidly developing country with significant foreign direct investment (FDI) inflows, this study explores how sustainable business practices can foster long-term growth and global competitiveness. Using secondary data from company reports and national policies, as well as insights from literature on circular and inclusive business models, the research develops a synergistic framework for sustainable business models tailored to Vietnam’s context. The findings highlight the importance of aligning business practices with sustainability goals and emphasise the need for empirical studies to further refine these models. This study provides a foundation for future research and practical applications in advancing sustainable business strategies in Vietnam and beyond.

Keywords: Sustainable business model; Circular economy; Inclusive business; Synergy; Stakeholders management (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-95940-0_7

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DOI: 10.1007/978-3-031-95940-0_7

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