By Mimi Vu & Van Ly, Partner, Raise Partners, Vietnam –
Vietnam stands at an important crossroads in its economic, environmental, and social development journey, with a myriad of challenges and opportunities which require attention and funding to avoid the middle-income trap. The country must focus on investing in both growth and building strong foundations, so that the country can better withstand internal and external shocks from an increasingly interconnected and chaotic world.
To solidify its position as a global player and achieve long-term, sustainable growth, the country needs to embrace a new economic paradigm – one centered on Environmental, Social, and Governance (ESG) principles.
Integrating standardized ESG practices into economic and development policies, as well as investment strategies, is crucial to tackling key challenges like gender inequality, climate change, educating and training a higher-skilled workforce, and renewable energy transition.
To secure your spot at the 2024 Vietnam ESG Investor Conference organized by Raise Partners and Vietnam Innovators by Vietcetera, click on “Building a Resilient Future for Vietnam”.
The ESG Imperative: Attracting Responsible Capital and Building Resilience
Focusing on ESG factors fosters economic resilience. For example, Vietnam aims to become a nexus of the global supply chain by moving up the value chain. To achieve this, it needs a more stable, better trained, and more productive workforce, and that can only happen with improved governance such as fair labor standards to empower and protect workers, inclusive recruitment and employment practices, and training and education for underserved communities.
Moreover, no one with a passing familiarity of Vietnam can argue that climate change does not pose a significant threat to the country, with rising sea levels and extreme weather events impacting infrastructure, agriculture, and overall economic stability. By prioritizing environmental protection through responsible and innovative resource management and pollution control, Vietnam can mitigate these risks and build a more resilient economy while protecting its people and environment.
Beyond attracting investment and building resilience, ESG practices also unlock long-term economic benefits. According to PwC, global ESG financing is expected to reach nearly $34 trillion USD of over one-fifth of all investment assets by 2026. The Vietnamese government has developed ESG guidelines and policies to encourage investment, and there has been a surge in impact and development financing from funds and development finance institutions (DFIs) that have expanded their ROI to include specific social, environmental, and local economic targets. This includes Australia’s Investing in Women initiative and Aus4Adaptation as well as British International Invest and the Dutch Fund for Climate and Development, which have collectively made impact and ESG-related investments in Vietnam worth hundreds of millions of dollars.
Unlocking Capital to Promote Sustainable Growth: The Vietnam ESG Investor Conference
What are Vietnam’s biggest economic, environmental, and social development challenges today? What is the role of ESG-lens investors and funds in helping Vietnam resolve these issues, and what are the private sector investment opportunities?
To answer these questions and more, the annual Vietnam ESG Investor Conference convenes DFIs, impact investors and other funds, business leaders, Vietnamese and international governments, start-ups, experts, and media to host informative, practical conversation and investment partnerships to accelerate green and socially inclusive growth in Vietnam.
With the central theme of “Building a Resilient Future for Vietnam,” this year’s conference will immerse attendees in innovative ESG investment opportunities in Vietnam through panel discussions, keynote speeches, fireside chats, and lightning round workshops. Participants will leave with a clearer understanding of current ESG trends, challenges, and financing opportunities across multiple topics including Vietnam’s nascent carbon markets, inclusive workforce development for tech and green industries, nature-based solutions, financial inclusion for factory workers, innovative social development and climate finance, and moving up the global manufacturing value chain.
There will also be plenty of networking opportunities to connect with investors, companies, and partners, including business matching sessions.
The 2024 Vietnam ESG Investor Conference isn’t just about ticking compliance boxes; it’s about helping investors, businesses, and governments fundamentally change the way we do business to ensure a future where Vietnam thrives economically, socially, and environmentally.
By taking decisive action now to integrate ESG principles into all aspects of its economic development strategy, Vietnam can position itself as a global leader in sustainable development, attract responsible investment, and build a resilient future for all its citizens.
To secure your spot at the 2024 Vietnam ESG Investor Conference organized by Raise Partners and Vietnam Innovators by Vietcetera, click on “Building a Resilient Future for Vietnam”.
All views and opinions expressed on this site are those of the individual authors and comments on this site are the sole responsibility of the individual contributor.
