Viet Nam and ADB
In the Spotlight
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Viet Nam's Growth Remains Robust Amid External, Domestic Challenges — ADB
In an update of its flagship annual economic publication, Asian Development Outlook (ADO) 2018, ADB forecasts Viet Nam’s economic growth at 6.9% for 2018, slightly lower than 7.1% projected in April as exports, agriculture, construction, and mining are expected to moderate in the second half of the year.
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The Impact of Increased Import Competition from PRC on Income Inequality and Household Welfare in Viet Nam
Increased imports from the People's Republic of China (PRC) from 2000 to 2014 led to a fall in income inequality in provinces and districts in Viet Nam. Download report
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ADB President Attends Global Environment Facility (GEF) Assembly
ADB President Mr. Takehiko Nakao participated in the 6th GEF Assembly held 24–28 June in Da Nang, Viet Nam. During his visit, Mr. Nakao met with Viet Nam Prime Minister Mr. Nguyen Xuan Phuc and the Chairman of the Da Nang City People’s Committee Mr. Huynh Duc Tho.
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ADB Boosts Support for Trade Finance with $350 Million Additional Headroom
ADB's Board of Directors has approved $350 million in additional headroom to further expand the scope and impact of its Trade Finance Program (TFP), helping to close large market gaps for trade finance that impede growth and job creation.
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: promoting job creation and competitiveness, increasing the inclusiveness of infrastructure and service delivery, and improving environmental sustainability and climate change response.
Viet Nam is a member of the Greater Mekong Subregion (GMS).
Latest
Green and Blue Finance Will Help Bridge Infrastructure Investment Gap in Southeast Asia
Countries in Southeast Asia need to promote innovative green and blue finance approaches to address the rising financing gap for sustainable infrastructure in the region, according to an ASEAN workshop in Bangkok.
Right Fiscal Reforms, Policies Can Help Meet Social Protection Agenda in Asia and Pacific — ADB Report
Countries in Asia and the Pacific have a good chance of achieving the social protection agenda under the Sustainable Development Goals if the right fiscal reforms and policies are in place, says a new study by ADB.
Rising income inequality is a key challenge for policy makers in developing Asia.
Demystifying Rising Inequality in Asia
Projects in Viet Nam
Approved/Active
- AC Energy Green Bond Project
- Developing Anti-Money Laundering and Combating the Financing of Terrorism Approaches, Methodologies, and Controls (Subproject B)
- Second Health Human Resources Development Project
- Northern Mountain Provinces Transport Connectivity Project
- Skills and Knowledge for Inclusive Economic Growth Project
