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
- Secondary Cities Development Program (Green Cities)
- Support to Border Areas Development
- Skills and Knowledge for Inclusive Economic Growth Program (formerly Secondary Education Sector Teachers and Education Managers Development Program)
- Second GMS Southern Coastal Corridor Project
- GMS Hanoi-Lang Son Expressway (MFF $900 million)
- Supporting the Second Small and Medium-Sized Enterprises Development Program
- Urban Environment and Climate Change Adaptation
- Northern Power Transmission Expansion (Sector) Project
- Microfinance Development Program Subprogram 2
- Support for the Preparation and Implementation of the Results-Based Socioeconomic Development Plan, 2011-2015