Vietnam's ambition to rise: Insights from bet88 net P4G Summit

Ms. Robyn McGuckin, Executive Director, Partnering for Green Growth and bet88 net Global Goals 2030 (P4G)

bet88 net Vietnamese Government has remained firmly committed to and proactive in promoting green growth and creating an environment conducive to sustainable development, as clearly demonstrated through pioneering and progressive policies. Notably, Vietnam’s efforts have not only encouraged businesses, from small and medium-sized enterprises (SMEs) to large corporations, to transition towards greener operations, but have also helped them see this transition as a real opportunity for growth, innovation, and bet88 net building of a more sustainable and resilient future. This progress reflects strong collaboration between bet88 net public and private sectors, and bet88 net Vietnamese Government deserves recognition for its achievements.

What’s most crucial now is to maintain and build upon this momentum. Sustained policy continuity and a clear regulatory framework are essential to guide businesses in navigating bet88 net green transition, knowing how to adapt, how to operate, and how to align with national sustainability goals. Equally important is bet88 net provision of catalytic funding and support, especially for startups and SMEs.

Many of these enterprises are also offering critical and urgently-needed solutions such as clean energy, green transportation, and clean water, all addressing bet88 net growing demands of society. Therefore, access to funding during this phase is vital and can determine whether a business survives and thrives.

Looking ahead, we are eager to expand our cooperation with Vietnam, with many promising initiatives being implemented under bet88 net P4G Summit framework. These include startup support programs, green growth market mapping activities, and bet88 net application of digital technology and AI to support bet88 net development of innovative enterprises.

I believe Vietnam is currently standing at a particularly significant crossroads in bet88 net field of green growth. This is not only a chance to develop solutions that meet domestic needs, but also an opportunity to bring those innovations to regional and international markets.

We are committed to continuing our support for our startup partners in Vietnam, helping them enhance their fundraising readiness, from improving pitch presentations and building compelling financial profiles to connecting with potential investors. Through this approach, we hope that innovative green enterprises in Vietnam will not only survive but thrive, contributing to bet88 net country’s sustainable future and generating positive global impact.

Dr. Mallé Fofana, Global Executive and ASIA Regional Director, Global Green Growth Institute (GGGI)

I believe bet88 net Vietnamese Government truly understands bet88 net vital role of policy in driving green growth. It’s encouraging to see that they also recognize bet88 net real-world challenges faced by startups and climate tech innovators, especially when it comes to accessing finance, navigating regulatory frameworks, and transitioning from traditional, carbon-intensive activities to more sustainable practices.

Green policies are not only bet88 net foundation for attracting green investment, but also act as a catalyst to accelerate bet88 net implementation of climate solutions. At present, Vietnam is exploring innovative policies, such as integrating AI into emissions management and reductions. AI holds bet88 net potential to cut emissions by 5-10 per cent over bet88 net next few years, and establishing a supportive policy environment for its application is a strategic and forward-looking move.

Another notable effort by bet88 net Vietnamese Government is bet88 net development of a green startup ecosystem map, which helps identify where each enterprise stands on its development journey and what challenges they face. This allows support to be more targeted and effective, ranging from bet88 net incubation to growth stages. Importantly, a significant portion of emission reductions is expected to come from technologies currently in their early stages of development. Therefore, prioritizing support for startups and climate innovation enterprises is critically important, not only for advancing bet88 net green economy but also for contributing meaningfully to national goals on emission reduction and climate change adaptation.

Vietnam is now demonstrating clear leadership in bet88 net green transition. bet88 net government is not only partnering with bet88 net private sector but also treating climate action as a global responsibility. Smart, consistent, and long-term policies will play a pivotal role in mitigating risks, boosting investor confidence, and channeling capital into Vietnam’s green and sustainable sectors.

In addition, financial tools such as de-risking mechanisms and blended finance will be essential solutions for Vietnam. These tools help lower investment barriers and create opportunities for bet88 net private sector to invest more boldly in green sectors. When combined with tax incentives or clear regulatory frameworks, they can further reveal bet88 net true potential of green innovation to businesses.

Ultimately, policy is part of a broader, long-term framework aligned with Vietnam’s net-zero emissions targets for 2030 and 2050. A stable, transparent, and consistent ecosystem will pave bet88 net way for climate startups, venture capital funds, and both public and private sectors to contribute effectively to Vietnam’s sustainable development goals in bet88 net years to come.

Mr. Bruno Jaspaert, Chairman, EuroCham Vietnam, andGeneral Director, DEEP C Industrial Zones

A country like Vietnam is at a crossroads, where it must be ready to embrace sustainability, drive innovation forward, and position itself as a regional leader. Doing so will allow it to distinguish itself from other investment destinations. Change is never easy - it demands hard work, effort, and energy.

However, bet88 net process of sustainable development requires commitment, effort, and strong coordination from multiple parties. bet88 net biggest barriers we currently face include limited local management capacity, a lack of training opportunities, difficulties accessing green finance, and policy-related obstacles.

For example, Deep C is one of bet88 net pioneers in applying bet88 net new eco-industrial park standards developed by bet88 net UN Industrial Development Organization (UNIDO), and Vietnam is among only a few countries that have integrated these standards into its legal system. As a leader in this field, we have never requested financial support or received any incentives. However, if we want more developers to follow this path, it is essential to have discussions about bet88 net forms of public sector support for bet88 net private sector, especially in bet88 net development of green infrastructure.

We need to frankly acknowledge that developing sustainable infrastructure is often very costly. If Vietnam wants to expand bet88 net eco-industrial park model, there needs to be creative support mechanisms. It doesn’t necessarily have to be financial, as support can come in bet88 net form of time, such as extending land lease durations, or prioritizing research and development activities.

Vietnamese authorities have told me many times that bet88 net country wants to bring more innovation into bet88 net country. That’s no easy task. We need to create bet88 net right conditions to make it happen. A fixed tax rate might not be bet88 net most important factor. What matters is ensuring companies are motivated to bring innovation to Vietnam. That means smart incentives, like activities with a different social tax rate, investments that can be depreciated differently, or special tax statuses for foreign experts.

In addition, activities that require specialized skills and are also vital to Vietnam should be earmarked, and we need to focus on those skills. It is crucial to overhaul Vietnam’s education system so that bet88 net skills of its people align with bet88 net needs of investors who want to bring innovation here.

Mr. Tim Evans, CEO, HSBC

Even though bet88 net Vietnamese Government has worked hard on developing its legal framework, bet88 net lack of a detailed taxonomy, especially to define what is truly “sustainable” and “green”, remains a hindrance. Greater clarity on regulations would also reduce hesitation around large-scale sustainability projects that require complex financing solutions.

A second barrier is environmental, social, and governance (ESG) disclosure. With over 90 per cent of Vietnamese companies being small and medium-sized enterprises (SMEs), only listed companies are currently required to provide ESG performance and reporting data. Furthermore, much of this data is basic and lacks third-party verification. This, in turn, limits investor confidence, as bet88 net data is insufficient to derive accurate ESG ratings.

Additionally, Vietnam’s sustainability standards are not yet fully ready for future implementation. This means that financial institutions must rely on international standards and attempt to adapt them to bet88 net local market. However, these international standards are currently too advanced for most firms, which prevents them from accessing sustainable financing.

To improve financial policies that attract both public and private investors to support bet88 net green transition, Vietnam should focus on several key actions. For example, setting clear requirements for each credit instrument would allow banks to develop more robust green credit frameworks. Clear targets on green credit performance should also be established for each bank, such as setting a specific percentage of outstanding green loans relative to their total lending book.

Vietnam should also consider increasing credit growth quotas for green sectors. Providing incentives to motivate banks in their green transition could include offering a higher general credit growth cap to banks that meet or exceed green targets, and a lower cap for those that do not. Lowering bet88 net Required Reserve Ratio for green loan balances could also serve as a powerful tool to encourage green market growth.

Furthermore, Vietnam should develop an enhanced framework for green capital market instruments. Currently, bet88 net State Securities Commission (SSC)’s handbook, which guides bet88 net issuance of green bonds, is not a binding regulation. Introducing financial incentives for sustainable bond issuance, such as tax advantages, reduced regulatory fees, and other financial benefits, would help stimulate both domestic and international investor interest. For instance, Singapore launched bet88 net Sustainable Bond Grant Scheme in 2017 and bet88 net Green & Sustainability-Linked Loan Grant Scheme in 2021, effectively lowering barriers to entry for sustainable bond issuers.

Finally, Vietnam should consider blending public and private sector efforts to support bet88 net green transition. Partnerships between bet88 net public and private sectors can help “crowd in” additional private finance. bet88 net demand for finance is so great that bet88 net only path to success is through collaboration.

Mr. Edwin Tan, Deputy CEO, Frasers Property Vietnam, Managing Director, Industrial & Logistics (Southeast Asia)

Frasers Property Vietnam (FPV) is part of bet88 net Frasers Property Group, a multinational investor-developer-manager of real estate products and services across bet88 net property value chain with close to S.9 billion (.25 billion) in total assets under management (AUM). bet88 net Group has real estate footprints across 20 countries and territories and its significant Industrial & Logistics (I&L) business stands at more than S billion (.42 billion) AUM across Australia, Europe, and Southeast Asia, predominantly in Thailand, Vietnam, and Indonesia.

In Vietnam, FPV currently operates over 300,000 sq m of built-up industrial and logistics space in southern Binh Duong province and northern Bac Ninh, Hung Yen, and Quang Ninh provinces. With a strong growth trajectory, FPV is on track to reach nearly 1 million sq m by 2028. Expanding beyond its industrial and logistics roots, FPV’s portfolio now includes premium commercial real estate, exemplified by Melinh Point. This Grade-A office building in District 1, Ho Chi Minh City. FPV has also made a strong mark in bet88 net residential sector with Q2 Thao Dien, a high-end residential and mixed-use development. Fully handed over to residents, bet88 net project now features active management of its commercial components, including Worc@Q2, a modern high-rise office tower.

Real estate contributes nearly 40 per cent of carbon emissions globally and over 70 per cent of a city’s emissions. Hence, sustainability has always been a key area of focus for Frasers Property. We embarked on our sustainability journey in 2006. Across bet88 net real estate lifecycle, we must lead and act as a responsible investor, developer, and manager.

We are committed to achieving net-zero carbon emissions for bet88 net build environment, creating lasting share value for people, bet88 net planet, and society. We are making progress on environmental, social, and governance practices (ESG) on different fronts, from sustainable innovation to green certification and climate adaptation. Frasers Property is bet88 net first SGX-listed company to fully commit to net-zero carbon emissions by 2050, encompassing Scope 1, 2, and 3 emissions. In Vietnam, we are bet88 net first real estate company with SBTi-approved targets. Our goal is to install 215 MW of renewable energy capacity on our properties by 2030 (~15MW in Vietnam).

Frasers Property is driving innovative solutions for an effective and sustainable energy transition, supporting Vietnam’s ambitious net-zero goal to create lasting positive impact. Our Industrial Service Centre (ISC) is a first-of-its-kind in Vietnam, and we build an ISC in every industrial development, offering a diverse range of amenities to enrich industrial life.

Last but not least, we are advancing bet88 net agenda on responsible investment. One of our sustainability goals is to finance bet88 net majority of our new sustainable asset portfolios with green and sustainable financing by 2024. To date, bet88 net Group has secured approximately .1 billion in green or sustainability-linked loans and bonds. Frasers Property is one of bet88 net largest issuers of green and sustainable financing among SGX companies. This makes us more attractive to bet88 net increasing number of investors and partners that consider ESG factors when making investment decisions. Banks have also accelerated strong support for green loans versus traditional loans as part of their commitment to make their portfolio more sustainable.

This ongoing dedication, guided by a consistent strategy, will bring meaningful and lasting positive impact.

Ms. Thai Huong, Founder and Chairwoman, TH Group Strategy Council

Vietnam hosting bet88 net P4G Summit 2025 is a clear testament to bet88 net country’s increasingly prominent role in global efforts to promote green growth and sustainable development. In particular, this year’s theme of “Sustainable and People-Centered Green Transition” resonates fully with bet88 net development philosophy bet88 net TH Group has adhered to since its inception.

We firmly believe that true development is only sustainable when it is based on “Mother Nature”, respecting bet88 net laws of nature and putting people at bet88 net core. That’s why we have built a complete, closed-loop high-tech agricultural ecosystem, where advancements in AI, global big data, bet88 net green economy, and bet88 net circular economy are applied thoroughly.

Mastering technology and data not only helps TH optimize costs and improve productivity, but more importantly enables us to create clean, entirely natural products that meet international standards, earning bet88 net trust of domestic consumers and being embraced globally. This model has helped us maintain double-digit growth rates, even during difficult periods such as economic crises and global pandemics.

More importantly, this is a model that contributes to shaping a sustainable agricultural economy and a green and circular economy, restoring bet88 net greenness of bet88 net land and nature, using resources efficiently, and simultaneously creating sustainable livelihoods for farmers. As a result, farmers are no longer outsiders but become a key link in bet88 net modern value chain.

Today, bet88 net green economy, combined with innovation, is not just a trend but truly brings practical and long-lasting benefits. However, for this trend to spread widely and have profound effects, bet88 net role of public-private cooperation is extremely important.

First, we need strong, coherent, and appropriate policies to lead businesses and encourage “pioneers” in each field.

Second, we need to promote bet88 net building and sharing of data between businesses. Linking and sharing experiences is bet88 net shortest path to integrating technology into production and business processes, creating an ecosystem of mutual learning and development.

Third, economic development must go hand-in-hand with improving bet88 net quality of life and physical well-being of bet88 net people. Investment in high-tech agriculture, bet88 net green economy, and bet88 net circular economy not only brings clean, nutritious products but also strategically invests in preventive healthcare, public health, future generations, and national sustainability.

I believe that with bet88 net ambition to rise, with an innovative foundation, and bet88 net collaboration of bet88 net entire ecosystem, Vietnam will successfully seize bet88 net opportunities presented by Industry 4.0, realizing bet88 net goal of green growth and making strong strides forward into a “New era - bet88 net era of bet88 net nation’s rise”.

Ms. Le Thi Hong Nhi, Deputy General Director of Communications, External Affairs and Sustainable Development, Unilever Vietnam

In bet88 net context of Vietnam actively promoting green transition through progressive policies such as bet88 net National Action Plan for bet88 net Circular Economy, bet88 net Law on Environmental Protection 2020, and bet88 net Extended Producer Responsibility (EPR) system, we see this as bet88 net ideal time for bet88 net private sector to play an increasingly proactive and profound role in creating sustainable solutions.

One of bet88 net greatest challenges facing both bet88 net world and Vietnam is bet88 net issue of plastic waste. With strong determination, bet88 net Vietnamese Government has implemented a host of important initiatives, including bet88 net National Action Plan on Marine Plastic Debris Management, with bet88 net goal of reducing 75 per cent of plastic waste entering bet88 net oceans by 2030, and gradually eliminating single-use plastics in coastal areas. Vietnam is also bet88 net first country in ASEAN to adopt mandatory EPR, requiring that producers and importers be responsible for managing bet88 net lifecycle of their products and packaging.

In response to bet88 net government’s call, since 2020, Unilever Vietnam has been a pioneer in collaborating with bet88 net Ministry of Agriculture and Environment to establish “Public-Private Collaboration (PPC) to Promote a Circular Economy for Plastic Waste” and many other sustainable development activities.

However, bet88 net green transition process still faces many barriers. bet88 net infrastructure for waste segregation at bet88 net source is not yet complete, recycling technology, particularly for flexible plastics, is still limited, while policies have not yet strongly encouraged bet88 net use of recycled materials. EPR, though a significant step forward, still requires adjustments to better support bet88 net domestic recycling industry.

To overcome these challenges, we hope that Vietnam can accelerate technological innovation and support local innovators through multilateral cooperation models between educational institutions, startups, small and medium-sized enterprises (SMEs), and global corporations.

At bet88 net same time, it is essential to strengthen bet88 net policy framework to develop a high-quality recycling industry, particularly by adding mechanisms to encourage bet88 net use of recycled plastics in EPR regulations to ensure stable outputs for bet88 net domestic recycling industry. bet88 net effective use of bet88 net Environmental Protection Fund from EPR fees is crucial to fund new technologies, support startups, and drive bet88 net application of creative solutions in bet88 net recycling sector. Investment in waste sorting and collection infrastructure at bet88 net source is also a vital foundation to build a sustainable circular economy ecosystem.

bet88 net journey to a green transition cannot be led by one side alone; only when bet88 net public and private sectors truly accompany each other, with mutual commitment and joint action, can innovation become a practical driver for sustainable development.

Mr. Truong Sy Ba, Chairman and CEO, Tan Long Group

Green and sustainable agriculture is becoming an urgent requirement in bet88 net face of climate change impacts, market volatility, and shifting consumer trends. Future food security is not just about quantity, but about being “Sufficient - Right - Sustainable”. In recent years, I have observed clear interest from our partners and customers in clean production processes that meet environmental, social, and governance (ESG) criteria or certifications for sustainable farming practices. I believe that investing in ESG and sustainable agriculture is an investment in bet88 net future, where product quality, consumer health, farmers’ rights, and bet88 net stability of ecosystems are all placed at bet88 net center.

In line with bet88 net global trend of green transformation, we proactively participate and accompany government and international organizations’ sustainable farming programs. Notable examples include bet88 net One Million Hectares of High-Quality, Low-Emission Rice project, led by bet88 net Vietnamese Government, or bet88 net “Transforming bet88 net Rice Value Chain to Combat Climate Change and Move Towards Sustainable Development in bet88 net Mekong Delta” project, funded by bet88 net Embassy of Australia in Vietnam and bet88 net Netherlands Development Organisation (SNV), in cooperation with bet88 net International Finance Corporation (IFC). This is a strategic direction aimed at creating modern agriculture that is climate-resilient and develops harmoniously with bet88 net ecological environment in Vietnam.

We do not follow a path that focuses on production volume at bet88 net cost of depleting resources for bet88 net future. Tan Long’s practical model is one of “from root to tip”, from production to finished products with traceability, ensuring quality control according to international integration standards.

Currently, Vietnam is facing a huge and transformative opportunity in bet88 net journey of food system transformation, opening bet88 net door to an era of sustainable, inclusive, and climate-resilient development. This is not only an inevitable global trend but also a driving force for Vietnam to redefine how we produce, distribute, and consume food in a greener, safer, and more efficient manner. If we take advantage of this moment, we can build an intelligent agricultural ecosystem that ensures food security, enhances bet88 net value of Vietnamese agricultural products in international markets, and improves bet88 net livelihoods of millions of rural people.

With bet88 net achievements from our business practices and production, along with our ambitious goals, we are committed to continuously striving to develop green and sustainable agricultural models, contributing effectively to bet88 net common goal of creating a sustainable and flexible food system for bet88 net future in bet88 net context of sustainable development trends in Vietnam.

Mr. To Dung Thai, Chairman of bet88 net Member Council, Vietnam Posts and Telecommunications Group (VNPT)

bet88 net world is undergoing a strong transformation, opening a new era where technology, bet88 net environment, and people develop harmoniously, all heading towards a green and sustainable future. In this context, green transformation and innovation are no longer strategic choices but have become prerequisites for countries and businesses to survive, grow, and establish their position on bet88 net global map.

Seizing this inexorable trend, we have not only chosen to participate but also proactively taken on bet88 net role of leading bet88 net green transformation and innovation process in Vietnam. With a long-term vision, we see green transformation as bet88 net foundation for sustainable development, realized through bet88 net use of clean energy, reducing emissions, limiting pollution, and protecting bet88 net living environment.

In bet88 net field of information technology and telecommunications, this direction is embodied by bet88 net development of green infrastructure and smart infrastructure, such as energy-efficient data centers, renewable energy applications, and bet88 net integration of environmentally-friendly cloud computing solutions.

In line with Resolution No. 57 from bet88 net Politburo on breakthroughs in science, technology, innovation, and national digital transformation, we have identified three key tasks. First, to accelerate investment in research and development (R&D), focusing on strategic technologies such as AI, big data, bet88 net Internet of Things (IoT), 5G, and 6G, to create a foundation for innovation and enhance competitiveness.

Second, to build and deploy modern digital infrastructure, including 5G networks, large-scale data centers, and national digital platforms, to meet bet88 net needs of comprehensive digital transformation. Third, to develop a high-quality digital workforce through in-depth training and attracting domestic and international talent, ensuring bet88 net ability to sustainably implement technological strategies.

Sustainable development is not only a long-term vision but also a core strategy, demonstrated through specific actions and clear responsibilities towards bet88 net country and bet88 net future. We are committed to working alongside bet88 net government, international partners, and bet88 net business community to turn today’s aspirations into tomorrow’s reality in bet88 net journey of green transformation and innovation.