Vietnamese corporation, UN sign MoU on strategic partnership to support Sustainable Development Goals

Ushering in a new chapter of development cooperation in Vietnam, a memorandum of understanding (MoU) between the United Nations (UN) and SOVICO Group was signed in Hanoi earlier this week by Kamal Malhotra, UN resident coordinator in the country, and Nguyen Thi Phuong Thao, chairwoman and CEO of SOVICO Group.

This partnership between SOVICO Group and the UN marks the first strategic cooperation of a Vietnamese corporation with the UN in support of the Sustainable Development Goals.

Noting that both parties share common interests in promoting youth engagement, green growth, and the protection and promotion of natural and cultural heritage in Vietnam, the MoU establishes a long-term framework for action and calls on the parties to work together to broaden this partnership with other like-minded Vietnamese businesses.

As a first step, SOVICO Group will collaborate with UNESCO, UNIDO, and UN-Habitat to aid Hanoi’s development as a UNESCO Creative City through the preservation and restoration of cultural heritage, revitalization of craft villages, and support for creative hubs to nurture talented young people.

Guided by the values of sustainability and respect for local culture, this partnership envisions the development of Hanoi as a ‘Creative Capital’ whose development builds on its creative past and the energy of its youth.

"This partnership with the United Nations to support Hanoi's cultural heritage and development demonstrates the continued commitment of SOVICO, with Vietjet, HDBank, Phu Long, the joint venture of Bac An Khanh, and its affiliates to support the long-term development of Vietnam by supporting youth leadership to make a meaningful contribution to [the country’s] social, cultural, and economic development,” Thao said to a gathering of interested government ministries, city officials, and international partners on Wednesday.

“We also expect our cooperation with the United Nations through UNESCO technical assistance will help establish a SOVICO Fund for Vietnam's Heritage & Innovation to support even more initiatives and solutions for cultural and green city development, artistic and design activities, as well as creative hubs to nurture creative talents, promoting entrepreneurship and innovation.”

With this new partnership, SOVICO Group is demonstrating its commitment to sustainable development in Vietnam and to the principles and values of the United Nations, Malhotra said.

“We salute them for being pioneers among Vietnamese corporations, and welcome them as partners,” he remarked.

“We hope that SOVICO’s example will inspire other Vietnamese private sector companies to take the necessary actions that will realize a sustainable future for Vietnam."

Wednesday’s MoU signing event was attended by senior government representatives and development partners who signaled their strong support for this public-private partnership and their hope for new initiatives that unite the private sector, development partners, and government to spur sustainable development and help Vietnam realize its objectives in the Decade of Action for the SDGs.

News Related

OTHER NEWS

Nearly 360 citizens brought home from Taiwan

Nearly 360 Vietnamese citizens were brought home from Taiwan (China) on two flights on October 19. Read more »

US diplomatic mission sends condolences over flood-caused losses

The US diplomatic mission in Vietnam on October 19 sent deep condolences to the Vietnamese Government and people over the great losses at Economic-Defence Army 337 of Military Region 4 in the central... Read more »

Fundraisers to aid victims of historic floods in central Vietnam

Historic floods have wreaked havoc in Vietnam’s central provinces over the last week or so, prompting the launch of a number of fundraising events on October 19 to help those affected. Read more »

Japanese gov’t helps Thua Thien – Hue flood victims

Through the Japan International Cooperation Agency (JICA), the Japanese government is assisting flood victims in the central province of Thua Thien – Hue with 50 water purifiers and 250 plastic mattresses, helping ease... Read more »

French expert among six new imported COVID-19 cases

Củ Chi Field Hospital in HCM City where the French expert is being treated for COVID-19. — Photo thanhnien.vn HÀ NỘI — Six people entering Việt Nam from abroad, including five Vietnamese and... Read more »

Six new imported cases of COVID-19 reported on Monday evening

More information to be updated. Read more »

Association established for cat protection in Việt Nam

The Việt Nam Cat Association received a decision to establish the first social organisation dedicated to cats in Việt Nam. VNA/VNS Photo Minh Phương. HÀ NỘI — The Việt Nam Cat Association was... Read more »

One imported COVID-19 case detected in Tien Giang

A seven-month old Australian boy who arrived in the nation with his Vietnamese mother has tested positive for novel coronavirus (COVID-19). Read more »

Severe flooding wreaks havoc in central Vietnam

Heavy rain in the central region over the past two days has caused floodwater to rise at a rapid pace, negatively impacting the daily lives of local people. Read more »

Residents evacuate as reservoirs discharge water in Vietnamese province

Torrential rains coupled with water discharges from hydropower and irrigation reservoirs have flooded many parts of Huong Khe District and Vu Quang District in the north-central province of Ha Tinh, forcing local residents... Read more »