All emerging markets need an estimated US$10 trillion (USD9.67 trillion) from private-sector investors to achieve the UN’s Sustainable Development Goals (SDGs), with Vietnam representing US$45.8 billion of that total, according to Opportunity2030: The Standard Chartered SDG Investment Map.
The study 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.
| Illustrative photo by UNDP |
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.
Opportunity2030 finds that to achieve universal digital adoption – a combination of mobile phone subscriptions rates and internet connectivity – will require private-sector investment of around US$24.4 billion between now and 2030, and to significantly improve Vietnam’s transport infrastructure will require an estimated private-sector investment of US$20.1 billion.
The potential private-sector investment opportunity in the water sector is smaller, but as 11% of Vietnam’s population still do not have access to clean water and sanitation (a key SDG 6 indicator), investment will make a real impact. To help achieve universal access by 2030 will require an estimated private-sector investment of US$1.3 billion.
“A series of ongoing market reforms is giving Vietnam a market-leading status in Southeast Asia, making it an increasingly an 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.
“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,” said Nirukt Sapru, CEO Vietnam and ASEAN & South Asia Cluster Markets at Standard Chartered Bank.
| Opportunity2030: Investment opportunity in achieving the SDGs in Vietnam, by sector indicator. Source: Standard Chartered |
