Cooperation with global investment institutions enhanced towards Vietnam’s sustainable development

An international conference themed “Enhancing cooperation with global investment institutions in mobilising green finance for sustainable development and state-owned enterprises’ restructuring in Vietnam” was held in Hanoi on November 25.
At the conference
At the conference

The event was jointly organised by the Ministry of Foreign Affairs, the Commission for the Management of State Capital at Enterprises (CMSC) and the State Capital Investment Corporation (SCIC).

The conference, which took place both in both in-person and virtual formats, drew the participation of nearly 200 domestic and international delegates from agencies under the Party, National Assembly and Government, 11 provinces and cities, many State-owned groups and corporations, commercial banks, fund management companies, and Vietnamese representative agencies abroad as well as Ambassadors and representatives of diplomatic missions and international organisations in Hanoi and the UK Government's Special Envoy for COP26. Notably, the conference saw the attendance of 30 investment funds and international financial institutions including KKR, Warburg Pincus, Credit Suisse, Temasek, Jardine Matheson, Jefferies, Standard Chartered Bank, and Vina Capital.

The conference was held in the context of the world's shift in supply and investment chains following the impact of the COVID-19 pandemic on priority international capital flows into green and sustainable projects.

The delegates discussed international experiences and recommendations for Vietnam on accessing international financial sources, including capital from investment funds and financial institutions, to serve in the restructuring of state-owned enterprises and the sustainable development of Vietnam.

Speaking at the conference, Foreign Minister Bui Thanh Son affirmed that the effective mobilisation of external resources in combination with domestic resources for sustainable socio-economic development is a consistent and urgent requirement of Vietnam.

In addition to foreign direct investment, Vietnam has been pushing the attraction of green finance and capital from investment funds to serve the economic restructuring, with a focus on restructuring state-owned businesses and taking advantage of new growth drivers of green transformation and growth, he added.

Minister Bui Thanh Son also noted that the Ministry of Foreign Affairs and Vietnamese representative missions abroad are ready to play the role as a bridge contributing to the realisation of investment and cooperation opportunities among partners.

Chairman of the CMSC Nguyen Hoang Anh said that sustainable development and green growth are the major goals of the Vietnamese Government. The CMSC has been developing and implementing a master strategy for the investment and development of enterprises under its management, focusing on effectively mobilising all resources for sustainable development on the basis of science, technology and innovation.

He expressed his belief that the conference will act as a practical and effective bridge to connect international investment institutions and financial organisations with state management agencies and business community in Vietnam.

Chairman of SCIC's Board of Members Nguyen Chi Thanh said that the conference is part of a series of practical activities that government agencies have been carrying out to support enterprises in sustainable development and business activities.

International experts, international organisations and investment institutions shared their views on sustainable growth potential in Vietnam as well as international visions and experiences on attracting financial sources for sustainable development and the restructuring of state-owned enterprises.

The conference also discussed public investment fund models in the world and made recommendations for Vietnam. Representatives of international investment funds and organisations and businesses stressed that Vietnam needs to promote the mobilisation and efficient use of resources to serve for sustainable development in the long term.