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Summary
V ietnam’s favorable investment environment continued to
be a factor encouraging foreign investors to register new
investment projects and disburse investment capital in
September. This helped maintain the flow of registered FDI in
the first nine months of the year amid unpredictable fluctuations
in the global economy. New investment and capital contributions
and share purchases continued to rise over the same period of
12 ECONOMY - POLICY
last year. The number of project adding capital again increased
year-on-year, affirming investor confidence in Vietnam’s
investment environment and helping them make decisions to
FDI into Vietnam
expand existing projects.
maintains momentum
26 NEW ECONOMIC FORUM 62 BANKING - FINANCE
PROMOTING THE LEGAL
BASIS FOR GREEN BONDS
Improving management
capacity at private
Vietnamese enterprises
F aced with the serious effects of the Covid-19 pandemic, D eveloping green bonds is one of the tasks set out in
the bond market development roadmap for the
unpredictable fluctuations in the world economy, and rising
risks within the domestic economy, the number of businesses 2017-2020 period with a vision to 2030 approved by
temporarily suspending operations and withdrawing from the the Prime Minister in Decision No. 1191/QD-TTg dated
market has increased rapidly. This shows that the resilience of August 14, 2017. But according to experts, the legal
Vietnamese businesses still has many limitations, with the ability framework for green bonds remains vague, making capital
to manage risk factors and build plans to overcome challenges and flows into the field subject to caution. Vietnam must have
develop sustainably in the future not creating competitiveness for clear and consistent regulations on green bonds. One of
businesses. Therefore, improving management capacity for the first steps is to select appropriate green standards that
businesses in the face of “headwinds” is especially important. international organizations around the world have set out.
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