Viet Nam and ADB
In the Spotlight
Doctors on motorbikes travel to a remote clinic in Viet Nam's mountainous Quang Tri province to provide services to those who have difficultly accessing health care.
Government ministers and senior officials attending the Greater Mekong Subregion (GMS) Seventh Economic Corridors Forum agreed on measures to promote the development of economic corridors, facilitate cross-border transport and trade, and enhance cooperation and private sector participation.
ADB has helped turn former war-torn Greater Mekong Subregion countries of Cambodia, Lao PDR, and Viet Nam into a booming tourist destination.
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.
Viet Nam has made stunning progress, transforming itself from an impoverished country to one of the fastest-growing economies in Asia. This country brief summarizes how the partnership of ADB and the Government of Viet Nam has been instrumental to the development of the country.
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.
Projects in Viet Nam
- Second Lower Secondary Education for the Most Disadvantaged Areas Project
- Water Sector Investment Program - Tranche 3
- Ha Noi and Ho Chi Minh City Power Grid Development Sector Project
- Greater Mekong Subregion Tourism Infrastructure for Inclusive Growth Project
- Sustainable Urban Transport for Ho Chi Minh Mass Rapid Transit Line 2