Seminar seeks to enhancing Vietnam - Korea financial synergies

The event was co- organised by the State Bank of Vietnam (SBV) and Korea Financial Services Commission, Banking Strategy Institute, Shinhan Bank Vietnam Limited, Vietnam Bank for Agriculture and Rural Development (Agribank), and KPMG Tax and Advisory Limited.

Participants at the event

At the event, state management agencies of the two countries exchanged experiences in implementing Environment, Society, and Governance (ESG) in building and perfecting institutions.

They also discussed solutions to promote cooperation activities, and further implement ESG, financial, and technical support between Korean financial institutions and Vietnamese credit institutions.

Speakers at the seminar shared the RoK's experiences in implementing ESG in the banking system and effective ESG assessment models at Korean financial institutions, thereby proposing practical and feasible solutions for applying these standards to banking operations in Vietnam.

In recent years, the Banking industry has played an important role in promoting the process of greening banking activities, promptly meeting the need for capital to implement green and environmentally friendly projects.

The event affirmed the determination of the Vietnamese banking industry to promote green capital flows to serve sustainable development goals, while at the same time orienting Vietnamese banking operations to increasingly approach international standards and regulations on ESG practices.