Viet Nam and ADB
In the Spotlight
Millions of people on low incomes have benefited from health services and social assistance supported by ADB in Asia and the Pacific. Vietnamese Doctor Nguyen Thi Nghia has treated some of them. Results videos are snapshots of the impact of ADB's work in poverty reduction in Asia and the Pacific.
Three irrigation systems developed in Viet Nam’s Red River Delta with assistance from ADB and Agence Française de Développement (AFD) have helped improve the livelihood of farming communities.
ADB is providing new loan assistance of $4.2 million equivalent for infrastructure upgrades at stations along Ha Noi’s metro line 3, to boost connectivity and services for the travelling public.
At the Fourth Environment Ministers’ Meeting, environment leaders from the Greater Mekong Subregion called for stronger partnerships to protect and enhance their natural assets, including forests, farmlands, wetlands, and water bodies
The Greater Mekong Subregion has an opportunity to build on its success in promoting connectivity, economic competitiveness, and community through a new investment plan presented at the 5th GMS Leaders' Summit in Bangkok.
In recent years, Viet Nam’s economic growth has slowed, and single-digit inflation has prevailed. Tight economic policies have helped stabilize the fiscal deficit, and generate a current account surplus. Viet Nam needs to accelerate economic restructuring, particularly reforms in the banking sector and to state-owned enterprises. Despite remarkable achievements in reducing poverty, serious development challenges are posed by income and non-income inequality and pockets of poverty, particularly among ethnic minorities.
Under the country partnership strategy, 2012-2015, ADB supports Viet Nam’s socioeconomic development across a range of sectors. Resources are committed to the financing of infrastructure and human resource development, rural development, social inclusion, and gender equity.