INVITATION TO APPLIED ESG TRAINING FOR THE BANKING SECTOR

To: The Boards of Directors of Banks;

The Leadership of Banking Schools/Centres/Training Departments

In Vietnam, the National Assembly has passed the Law on Environmental Protection, which took effect on 1 January 2022. This demonstrates Vietnam’s commitment to green growth and sustainable development. The Law on Environmental Protection sets out the framework for the State Bank of Vietnam (SBV) to implement related policies aimed at protecting the environment through investment capital flows.\⁠​‌‌‌‌​​‌‌‌​‌‌​​‌‌​‌‌​​‌‌​​‌​​​​‌⁠

Vietnam’s banking sector plays an important role in steering the economy through providing and allocating capital. For businesses that are bank customers, implementing ESG (Environmental, Social and Governance) is necessary to promote the establishment of new sustainability standards in line with international requirements and standards.

Vietnamese businesses that move quickly to build and apply ESG standards will gain benefits and opportunities in the market, especially in the period from now to 2030. Implementing ESG is an inevitable trend in international markets, helping credit institutions ensure safe and sound operations in the face of risks related to the environment and climate change. At the same time, the contribution of credit institutions to each country’s green growth strategy is becoming ever more important.

However, ESG in banks’ business activities is currently only just beginning and faces difficulties and challenges. Joint-stock commercial banks need to apply ESG to their core operations, including implementation, environmental impact appraisal, portfolio management, ESG risk assessment and a professional workforce with experience in this field.⁠​‌‌‌‌​​‌‌‌​‌‌​​‌‌​‌‌​​‌‌​​‌​​​​‌⁠

To do this, joint-stock commercial banks need to establish new ESG-related processes and regulations in their lending activities. They also need to build departments staffed by people who understand banking and have ESG knowledge to apply when working with other units. All of these activities require major investment from the Leadership and Shareholders of joint-stock commercial banks.

In early May 2024, the Vietnam Bank for Agriculture and Rural Development successfully organised an in-depth ESG training course. The course built the capacity of more than 100 participants, including key staff such as the Policy Board and leaders of Business Units. This was a major ESG training event, demonstrating the Bank Leadership’s determination to transform its ESG system. It helps the Bank strengthen its credibility, meet the requirements of International Financial Institutions, access Green capital and support the development of products and services that suit the needs of individual and corporate Customers in line with the Green – Sustainable trend! See details here: https://vietesg.org/thanh-qua-sau-su-kien-dao-tao-chuyen-sau-ve-esg/

It is clear that, for ESG transformation in Banks, training high-quality human resources with ESG consulting and training expertise is an essential need at this time. This helps Banks enhance their competitive advantage in the market and meet their future ESG action goals!

We, VIETESG, are proud to be a pioneering company in ESG Consulting/Training and Assessment/Rating in Vietnam. With extensive experience in applying ESG in the Banking sector, we have grasped the urgent needs of Banks through collaboration and in-depth training. Please see our Profile in the attached file!⁠​‌‌‌‌​​‌‌‌​‌‌​​‌‌​‌‌​​‌‌​​‌​​​​‌⁠

Our trainers not only meet international standards and hold recognised ESG credentials, but also have practical experience in Banking and Finance. Our training programme includes the following in-depth courses:

Contact us directly for registration support and more information:⁠​‌‌‌‌​​‌‌‌​‌‌​​‌‌​‌‌​​‌‌​​‌​​​​‌⁠

Thank you! We look forward to supporting Banks in their sustainable development in the future!

Yours sincerely!

PHẠM QUỐC HƯNG

General Director of VIETESG