STANDARD CHARTERED’S EXCLUSIVE CONVERSATION WITH PRIME MINISTER OF VIETNAM DISCUSSES THE ROLE OF PRIVATE SECTOR IN VIETNAM’S SUSTAINABLE FUTURE

Standard Chartered Bank, Ministry of Planning and Investment and the Embassy of Vietnam in the UK on 1 November 2021 co-organised the conference “In conversation at COP26 with the Prime Minister of Vietnam: Securing a prosperous and sustainable future through private investment” in Glasgow, the UK, on the fringes of the UN climate conference COP26.

Hosted by Jose Vinals, Group Chairman of Standard Chartered Bank, the conference drew over 300 senior business leaders and foreign investors, who are the Bank’s global clients, and members of the British Chamber of Commerce Vietnam (BritCham Vietnam). They joined onsite at the event venue and virtually from Vietnam.

At the event, Prime Minister Pham Minh Chinh shared his views on the outlook for Vietnam’s investment environment, the country’s ambitions for COP26 and plans for a more sustainable future. He also took the time to address questions about the main opportunities and risks for Vietnam amid the shift of global supply, Vietnam’s sustainability journey and success for COP26.

In the presence of the Prime Minister, Ministers and Chairman of Standard Chartered Bank, the Bank exchanged Memorandums of Understanding (MoU) worth a total of USD8.5 billion with three Vietnamese businesses on projects to support their sustainability goals. These include:

• MoU with T&T Group: Financing environment, waste treatment, LNG gas fired power plants and renewable energy projects
• MoU with Geleximco Group: Financing paper, pulp and afforestation, LNG gas fired power plants, tourism complex and seaport projects
• Van Lang Investment and Educational Management Corporation: Financing the construction of a green university campus

Following the Prime Minister’s speech, his accompanying cabinet ministers, including Minister of Planning and Investment Nguyen Chi Dung, Minister of Industry and Trade Nguyen Hong Dien and Minister of Agriculture Le Minh Hoan addressed a Q&A session with selected businesses, which discussed Vietnam’s foreign investment outlook and its sustainability vision.

After this session, Standard Chartered Bank Vietnam hosted an interactive virtual discussion with senior business executives across Asia about the region’s journey to net-zero and the role of the private sector in keeping global warming under the levels set by the Paris Agreement. This is the second webinar of the Sustainability webinar series to be organised by Standard Chartered Bank Vietnam supported by BritCham Vietnam from now till the end of 2022 to promote sustainability development in Vietnam.

Watch again: https://youtu.be/q1mGWkiR3UA