To further develop the Fund’s business profile, the VNH organization has entered into partnerships with several pertinent organizations and business associations:
VietNam Holding Asset Management has been a founding member of the Global Compact network in Vietnam since 2007. Managed by the United Nations, the Global Compact is a strategic policy initiative for companies that wish to align their activities with ten key principles in the public and private sectors. As the Fund now focuses significant attention on environmental and social issues, we are more than ever aware of the useful test of sustainability that the Global Compact framework poses for the developing Vietnamese economy.
At the VNH Annual General Meeting in November 2009, shareholders voted overwhelmingly to endorse the comprehensive alignment of VNH's investment policy with the UN PRI's principles for responsible investing. As a consequence, ESG factors are now fully incorporated in our investment analysis and engagement strategy.
In 2009, VNH became a member of ASrIA, the Association for Sustainable & Responsible Investment in Asia. With the expert input of ASrIA, the Fund conducted an in-depth staff workshop for training and awareness building in sustainability issues that positively influences our current decision making.
In further support of the Fund’s commitment to sustainable investment, VNH has partnered with the Vietnam Chamber of Commerce and Industry (VCCI) and 15 other international and local companies to establish the Executive Board of the Vietnam Business Council for Sustainable Development (VBCSD). The VBCSD is a business-led initiative to promote leadership and stronger support from industry sectors for sustainable development initiatives in Vietnam.