On the afternoon of January 15, 2024, the seminar "Green Finance and Research Experience in submitting articles for publication in International journals" was organized by the Faculty of Finance and the Institute of International Training - Banking University of Ho Chi Minh City. Co-organized by Ho Chi Minh City, with the sponsorship and coordination of the German Savings Banks International Cooperation Fund (DSIK) in Southeast Asia took place at Hall 36 Ton That Dam, District 1, Ho Chi Minh City Banking University. The event attracted attention from experts, researchers, businesses, financial institutions, investors, lecturers, graduate students, graduate students, and students.
Overview of the opening discussion
On the sponsoring and organizing coordination side, there was the presence of Ms. Anna Szalwicki representing the German Savings Banks International Cooperation Fund (DSIK) in Southeast Asia.
On the representative side of Massey University, New Zealand, there was the participation of Associate Professor, PhD. Hung Do - Director of the Sustainable Finance Research Group and Director of the Master of Finance program at Massey Business School (MBS), New Zealand.
Attending the discussion program, on the part of the University's leaders and representatives of units, there was the presence of Dr. Nguyen Tran Phuc - Vice Principal of HUB; Associate Professor, PhD. Phan Dien Vy - Dean of the Faculty of Banking; Dr. Nguyen The Binh - Director of the Institute of Banking Science and Technology Research, PhD. Tran Trong Huy - Deputy Head of Training Department, PhD. Nguyen Trung Hieu - Deputy Director of the Library - PhD. Duong Nguyen Thanh Tam - Head of Scientific Management and Publishing Department - Institute of Science and Technology Research.
On the side of the Faculty of Finance, there was the participation of Dr. Nguyen Anh Vu - Dean, PhD. Tran Tuan Vinh - Deputy Dean, PhD. Dang Thi Quynh Anh - Deputy Dean, PhD. Duong Thi Thuy An - Head of Department of Corporate Finance, PhD. Nguyen Duy Linh - Head of Investment Department. On the side of the International Training Institute, there was the participation of Dr. Luong Thi Thu Thuy - Deputy Director, MSc Le Trung Nhan - Deputy Director, PhD. Tran Hai Van - Deputy Director.
The discussion also had the participation of Mr. Dam Thanh Hiep - Chairman of New World Group, Ms. Dao Thi Mong Dung - Head of IDOVINA Bank Credit Policy Department, Mr. Le Hoang Vu - Head of Investment Solution Consulting Department Investor of Eastspring Investments Fund Management Company Limited (Eastspring Vietnam), Vo Tri Quang Nguyen - Director of Fori Farm, Ms. Nguyen Ngoc Tran - Head of Capital Development Department - LDG Investment, and representatives of banks and investment funds , enterprise.
With the participation of lecturers of the Faculty of Finance, faculties in the school, students, graduate students, and graduate students of HUB.
Speaking at the opening of the discussion, Associate Professor, PhD. Nguyen Tran Phuc shared: "Green growth and sustainable development have become an inevitable trend, a goal that every country is aiming for. In that context, Vietnam is also one of the responsible, proactive and positive members, with strong commitments and specific action programs. To be able to successfully deploy green financial programs and products to bring practical and sustainable benefits to the Vietnamese economy, we need to spread the correct understanding and awareness of finance. green finance to the Vietnamese financial and business community, learning from experiences and successful and unsuccessful models of developed countries and countries with similar conditions as Vietnam. As one of the leading training and research units in the field of finance and banking in Vietnam, Ho Chi Minh City University of Banking (HUB) is always at the forefront of training, research, and application of outstanding achievements. scientific and technological achievements and new trends in the fields of finance and banking, including green finance."
Dr. Nguyen Tran Phuc - Vice Principal of HUB delivered the opening speech
Dr. Nguyen Tran Phuc gave flowers to thank the representative of the sponsoring and coordinating organization
Dr. Nguyen Tran Phuc, leader of the Faculty of Finance, Institute of International Training gave souvenirs and took pictures with the speakers
After the opening session, Dr. Duong Thi Thuy An - Head of Corporate Finance Department - HUB Faculty of Finance presented the paper "Green Finance: Bridging Sustainable Indices and Conventional Markets". Dr. Duong Thi Thuy An opened her presentation with a graph highlighting the economic losses countries have suffered due to climate change, the birth of the 2015 Paris Agreement, and the need to develop green finance. The author's research question is: "Do private investors have to trade profits when developing in a sustainable direction instead of conventional investments?" How does the performance of sustainable investments vary across different countries and in different markets? ”. Based on a review of the volatility of the green stock index and the conventional stock index, the author finds evidence that the volatility trend is not different between the two indexes under favorable market conditions, however, During adverse market conditions, the green stock index has lower negative volatility than the conventional stock index. This variation is not the same in different countries and in different markets. The author's research provides empirical evidence that green stocks offer better risk-adjusted returns than conventional stocks. The research results also send policy makers, businesses, investors, and financial institutions an encouraging message to promote the ESG legal framework, implement the green transition process, and allocate financial resources for green-oriented businesses and projects.
Dr. Duong Thi Thuy An presented the paper
Continuing the speech of Dr. Duong Thi Thuy An, Ms. Anna Szalwicki - Financial experts, Financial Literacy & Capacity Development Project, Vietnam brought to the discussion: "Green Finance Compass & Risk Radar: Green Finance solution for financial institutions”. Sharing at the seminar, Ms. Anna Szalwicki emphasized that the impact of the industrialization process since the 1850s has caused the earth's surface temperature to increase rapidly, and the habitable area is increasingly being reduced. shrinking, quality of life becomes increasingly difficult. Not only that, economic sectors have also been greatly affected by climate change. Sustainable development is the combination of three factors: environment, economy, society, and banks, Financial institutions play a very important role in the process of finding a solution to balance the factors. According to Ms. Anna Szalwicki, banks and financial institutions play an important role in promoting businesses to improve production processes and change environmental behavior through financing, specifically, green businesses. should be given more priority for funding than businesses that do not care about the environment. Through her presentation, Ms. Anna also raised the bases for developing standards for evaluating green financial loans, introducing the Risk Radar and Green Finance Compass toolkit to help organizations find weaknesses to resolve early. minimize possible ESG risks, helping businesses access capital at preferential interest rates, develop sustainably, improve reputation, and eliminate risk factors.
Speaker Anna Szalwicki presented the presentation
In his presentation, Associate Professor Dr. Hung Do, speaker, Director of the Sustainable Finance Research Group and Director of the Master of Finance program at Massey Business School (MBS), New Zealand - shared "Experience Research experience, submit articles for publication in international journals. Associate Professor Dr. Do Hung's shares revolve around the issue of how to conduct research in the simplest and most practical way, from the step of finding research ideas through daily news sites, through the specialized articles, forums, seminars; Steps to form a research group to learn, take advantage of strengths, and share work; Steps to build research paper structure; Posting process and responding to criticism. In particular, Associate Professor, Dr. Hung Do shared support tools to bring about the highest efficiency in research.
Associate Professor, Dr. Hung Do presented the paper
The speakers led the discussion and answered questions
After the speakers' presentations, the discussion program continued with discussions and exchanges between speakers, experts, business representatives and students surrounding the issues of the discussion content. Attendees' concerns about whether green finance development businesses actually implement sustainable measures or just aim to beautify their image; the effectiveness of investing in green-oriented investments, criteria for evaluating green businesses and projects, which topics are suitable for students' research capacity in the current period... have been were answered by the speakers in turn.
Mr. Le Hoang Vu - Head of Investment Solution Consulting Department of Eastspring Investments Fund Management Company Limited spoke
Ms. Dao Thi Mong Dung - Head of IDOVINA Bank Credit Policy Department spoke
Dr. Nguyen Trung Hieu - Deputy Director of the Library asked questions to the speakers
The participating students asked questions to the speakers
Speaking at the conclusion of the discussion, Dr. Nguyen Anh Vu - Dean of the Faculty of Finance shared: Today's discussion once again emphasized that climate change and global warming are a problem that threatens the common living space of all humanity. In Vietnam, the Government issued Decision No. 1658/QD-TTg dated October 1, 2021, approving the National Strategy on Green Growth for the period 2021-2030, vision 2050 with the goal of green growth contributing part of promoting economic restructuring associated with innovating growth models, achieving economic prosperity, environmental sustainability and social equity, towards a green, carbon neutral and closed economy. contribute to the goal of limiting global temperature rise. However, to respond to climate change and transform the model of sustainable development and green growth requires a huge financial resource, so in addition to investment and spending of the Government, the private sector Individuals will play a very important role in providing capital for this process. Choosing a model of sustainable development and green growth is not a "jewelry" for businesses, but will help businesses enhance their ability to innovate, create, expand markets, and build reputation. and brand in the long term. For banks and investors, investing and financing green businesses and projects is not a "movement" or "social responsibility" but will be lending and investment channels. effective when considering the balance between both profit and risk. To promote the development of green financial products such as: green credit, green bonds, green stocks... Helping green businesses and banks and investors come closer together, developing sets of criteria to evaluate green and sustainable factors of businesses plays a very important role. Green finance is truly a great opportunity for both businesses and financial institutions.
Dr. Nguyen Anh Vu - Head of the Faculty of Finance spoke
The discussion program took place very enthusiastically and effectively, receiving a lot of discussions and valuable contributions both professionally and practically. Not only did it bring many valuable intellectual values to the attendees, the sharing of information, knowledge, research experience, and ideas of the guest speakers contributed to solving difficulties and obstacles for students in their studies. the initiation of research into green finance.
Speakers, organizers and students took souvenir photos
News story: Faculty of Finance
Image: TVTS&PTTH Department