Innovators 19 the conference about tech enabled creativity

What is the role of banks in green growth? Banks will have a crucial role in driving green growth in Vietnam. One of the main roles will be enabling project financing. Billions of dollars worth of investments will flow into the renewable energy sector over the next few years. Banks will help facilitate that flow. This is critical moving forward. Over the past five years, Vietnam has issued $220–230 million of green bonds. On a cumulative basis, three other countries, namely Indonesia, Thailand, and Malaysia, have issued over $40 billion of green bonds in the same period. The issuance of those bonds is done by banks. What we've observed in these countries is the setup of a clear regulatory framework that provides the ability to issue those bonds on a larger scale. This has not been at the top of the list of priorities for banks in Vietnam, which are focusing on other essential things. What can the Vietnamese banking sector do to accelerate green growth? I think it … [Read more...] about Vietnamese banks urged to embrace green financing

The press conference launching the ninth National External Information Service Awards on March 29 (Photo: VNA) Hanoi (VNA) – The Steering Committee for External Information Service, the Party Central Committee’s Commission for Information and Education , the Vietnam News Agency (VNA), and relevant agencies launched the ninth National External Information Service Awards on March 29. The awards aim to honour outstanding authors, works, and publications in the field of external information service and help popularise the country’s development achievements in various areas. The Vietnam News Agency is the standing body of the ninth National External Information Service Awards. Addressing a press conference in Hanoi, Le Hai Binh , alternate member of the Party Central Committee, Vice Chairman of the Party Central Committee’s Commission for Information and Education, and Standing Vice Chairman of the Steering Committee for External Information Service, said that first … [Read more...] about Ninth National External Information Service Awards launched

The CEO and Regional Head, Client Coverage, Americas, Standard Chartered, shared his view on Vietnam's significance for US businesses and why Vietnam is potential for foreign investors. Vietnam has gone from being a frontier economy in ASEAN to a flourishing, cost-effective industrial nation. Firms and investors looking for new markets to grow, source, or manufacture their products – especially in Asia – should consider Vietnam’s long-term potential and stay updated on its opportunities. Steven Cranwell, CEO and Regional Head, Client Coverage, Americas, Standard Chartered. Photo: Standard Chartered In recent years, Vietnam has benefited from the trade tensions between the US and China. With US companies adopting a ‘China plus one’ approach to their supply chains, the percentage of exports from Vietnam to the US has risen by approximately nine percent between 2018 and 2021. It is, however, important to note that Vietnam has been an alternative to China … [Read more...] about The significance of Vietnam for US businesses and why they should take notice: Standard Chartered