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Economy

Asia's allure for global investors in 2021 tempered by ESG risks

Region's opportunities go hand in hand with environmental and human rights challenges

Lunar New Year decorations at Gardens by the Bay in Singapore: Asian countries are forecast to lead the global economic recovery in 2021.   © Reuters

TOKYO/SINGAPORE/HANOI -- On the outskirts of Ho Chi Minh City, work is underway on what Vietnamese Prime Minister Nguyen Xuan Phuc has called one of the biggest infrastructure projects in the nation.

On paper, Long Thanh International Airport is a sleek, modern hub anticipated to have capacity for 25 million passengers annually in 2025 and, by 2040, 100 million -- roughly the same as Vietnam's current population and huge even by Southeast Asian standards. It will ease the pressure on the city's crowded, delay-prone Tan Son Nhat International Airport, which is itself set for an expansion.

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