Viet Nam and ADB
In the Spotlight
New laws, policies, training centers—and plenty of infrastructure upgrades like water pumps and irrigations systems—are helping Vietnamese farmers deal with the challenges of weather, geography, and climate change.
ADB President Takehiko Nakao met with Viet Nam’s State President Tran Dai Quang and Prime Minister Nguyen Xuan Phuc to discuss ADB’s deepening partnership with the country and priorities for future cooperation.
This country brief summarizes how the partnership of ADB and the Government of Viet Nam has been instrumental to the development of the country.
Viet Nam’s economic growth has been increasing since 2011, while inflation has remained in single digits. Well-balanced macroeconomic policies have helped restore stability and investor confidence, with growth being propelled by a surge in foreign direct investment and export-oriented manufacturing.
Viet Nam needs to continue to develop a more dynamic market economy—one that can compete globally and deliver sustainable, equitable growth over the long term. Despite remarkable achievements in reducing poverty, serious development challenges remain, with income and other socioeconomic gaps still evident in pockets of ethnic minorities and other vulnerable groups.
ADB's country partnership strategy for Viet Nam focuses assistance through three pillars: inclusive growth, enhancing economic efficiency, and environmental sustainability.
Projects in Viet Nam
Population living below the national poverty line in Viet Nam (2014)
Population in Viet Nam, in millions (2015)
Average annual population growth rate in Viet Nam (2010-2015)
Maternal mortality ratio in Viet Nam, per 100,000 live births (2015)