Viet Nam and ADB
In the Spotlight
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.
ADB's portfolio in Viet Nam comprises loans and grants in transport, energy, urban development and water supply. In addition, ADB supports Viet Nam with projects in agriculture and rural development, health and education, as well as public sector governance and finance.
ADB is supporting Viet Nam by pursuing a country partnership strategy that seeks to remove key constraints to pro-poor, business-led development. In the coming years, ADB is also helping promote public–private partnerships and improve the efficiency of Viet Nam's economy.
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
Maternal mortality ratio in Viet Nam, per 100,000 live births (2015)
Population in Viet Nam, in millions (2015)
Population living below the national poverty line in Viet Nam (2014)
Average annual population growth rate in Viet Nam (2010-2015)