Vietnam

The last project financed by ODA in Viet­nam is designed to sup­port the con­sol­i­da­tion of the Viet­namese secu­ri­ties mar­ket and the improve­ment of train­ing capac­i­ties. While the coun­try has man­aged the pan­dem­ic well, the government’s con­tain­ment mea­sures have had a sig­nif­i­cant impact on the imple­men­ta­tion of project VIE/032. Where­as the project had tak­en a proac­tive approach in encour­ag­ing part­ners to respond to the cri­sis prag­mat­i­cal­ly through online train­ing and remote con­sul­ta­tions with inter­na­tion­al experts, most of the capac­i­ty-build­ing, includ­ing train­ing intend­ed for the staff of the State Secu­ri­ties Com­mis­sion (SSC) and actors in the secu­ri­ties mar­ket, had to be can­celled or post­poned. The fol­low­ing ele­ments were, how­ev­er, put in place: pub­li­ca­tion of the code of con­duct, and the organ­i­sa­tion of a work­shop on the sub­ject for mem­bers of the Viet­namese Secu­ri­ties Busi­ness Asso­ci­a­tion, the offi­cial cre­ation of a Devel­op­ment Advi­so­ry Board for strate­gic advice and the devel­op­ment of oppor­tu­ni­ties for joint action by busi­ness­es in Lux­em­bourg and Viet­nam, and the organ­i­sa­tion of var­i­ous train­ing sessions.

Despite the cur­rent cri­sis, for­eign investors have con­tin­ued to invest in or trans­fer pro­duc­tion activ­i­ties to Viet­nam. The ongo­ing project will offer the chance to explore new oppor­tu­ni­ties in sus­tain­able finance, thus expand­ing Luxembourg’s stamp on Vietnam’s emerg­ing local market.