The Hanoi Principles: For Voluntary Codes of Business Ethics in the Construction and Engineering Sector

Summary

Countries of operation: 
Vietnam (HQ) — Global
Regions: 
Asia
Year: 
2011
Sector: 
Construction - Engineering
Collective Action Type: 
Standard Setting Initiatives
Description: 

The Hanoi Principles are a set of business ethics principles and implementation guidelines for the engineering and construction sector in the APEC region.

Further information

Origins: 

In cooperation with the U.S Department of Commerce, and under the auspices of the the Asia-Pacific Economic Cooperation (APEC) Small and Medium Enterprise (SME) Ministerial Working Group, Fluor led the effort to develop the Hanoi Principles, which are a set of business ethics principles and implementation guidelines for the engineering and construction sector in the APEC region. Representatives from all 21 APEC economies met in Hanoi in September of 2011 to draft the principles over the course of two days. They were subsequently approved by the APEC SME Ministers at their meeting in Bangkok in October of 2011 and by the APEC Leaders at their meeting in Honolulu in November of 2011.

Strengths, weaknesses, lessons learned: 

In August of 2013, the Hanoi Principles were used as the basis for a three day curriculum Fluor developed and taught to representatives from the APEC economies and from the three non-APEC members of ASEAN (Myanmar, Laos and Cambodia). The purpose of the training was to give the attendees the tools they would need to help businesses and associations in their home economies implement an ethics compliance program regardless of the size of the business.

It is hoped that this work will continue in 2014 at a meeting in Manila, where ways would be considered that the APEC governments could support these efforts. The results of that meeting would then be presented to the SME Ministerial in China as a deliverable for the Chinese 2014 APEC host year.