Standard Chartered describes opportunity Vietnam presents
Standard Chartered Vietnam, pointing to the ‘Opportunity2030: The Standard Chartered SDG Investment Map’, has highlighted the almost USD10 trillion opportunity available to private-sector investors across all emerging markets to help achieve the UN’s Sustainable Development Goals (SDGs), with Vietnam representing USD45.8 billion of that totals.
The study identifies opportunities for the private sector to contribute to three infrastructure-focused goals between now and 2030: SDG 6: Clean Water and Sanitation, SDG 7: Affordable and Clean Energy and SDG 9: Industry, Innovation and Infrastructure across emerging markets.
In Vietnam, according to a Standard Chartered press release, the greatest SDG investment opportunities are found in transport infrastructure and improving digital access, both key indicators of SDG 9, which encourages improvement in industry, innovation and infrastructure.
The potential private-sector investment opportunity in the water sector is smaller, but as 11% of Vietnam’s population still do not have access to clean water and sanitation (a key SDG 6 indicator), investment will make a real impact. To help achieve universal access by 2030 will require an estimated private-sector investment of USD1.3 billion.
Nirukt Sapru, CEO - Vietnam, and ASEAN & South Asia Cluster Markets, Standard Chartered Bank, said “A series of ongoing market reforms is giving Vietnam a market-leading status in South-East Asia, making it an increasingly an attractive place for investors. The government is committed to the UN Sustainable Development Goals and is working directly with the UN to align its development plans with the SDGs.”
“Opportunity2030 provides an important map of the SDG opportunities for private sector investors looking to invest with impact and improve the lives of millions over the next decade,” Sapru continued.
The Standard Chartered SDG Investment Map is a macroeconomic study that draws on global data sources and indicative private-sector participation rates to provide companies, institutional investors and other stakeholders with an overview of where their investments could have the greatest impact. It spans 15 of the world’s fastest-growing economies and estimates the potential private-sector investment opportunity to contribute to three of the most investment-ready SDGs (6,7 and 9). Within these SDGs, it focuses on four indicators – water and sanitation services; power; telecoms (digital access); and transport infrastructure.
The full report can be found HERE.
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