Vietnam offers a $45bn opportunity for the private sector to invest in sustainable development to help achieve the United Nations' Sustainable Development Goals (SDGs) by 2030, according to a study by Standard Chartered.
The report 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, 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.
A series of ongoing market reforms is making Vietnam an increasingly attractive place for investors"
"A series of ongoing market reforms is making Vietnam an increasingly 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," Nirukt Sapru, CEO Vietnam and ASEAN & South Asia Cluster Markets at Standard Chartered Bank said.
"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," he added.
Statistics showed that now 8% of the population got access to clean water and sanitation and 76% to digital access.
SDGs targeted that Vietnam would have universal access to clean water and digital access by 2030, which would require total investment of $13.1bn and $40.7bn by 2030, respectively.
The Opportunity 2030 study revealed an almost $10trn opportunity for private-sector investors across all emerging markets.
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.