ADB's Work in Viet Nam
Shareholding and Voting Power
Number of shares held:
36,228 (0.341% of total shares)
75,342 (0.567% of total membership, 0.870% of total regional membership)
Overall capital subscription:
Paid-in capital subscription:
The global economic downturn and weakening external demand caused by the coronavirus disease (COVID-19) pandemic slowed Viet Nam’s recent growth momentum in 2020. However, the country’s economic fundamentals remain resilient and the economy expanded at 2.9% in 2020. Viet Nam’s medium- and long-term economic prospects are also positive due to continued improvements in its business environment, expanded market access from free trade agreements, a growing middle class, and the ongoing shift of global and regional value chains to lower-cost countries.
Viet Nam was one of the founding members of the Asian Development Bank (ADB) in 1966. ADB has since supported the country’s poverty reduction achievements, infrastructure developments, and has more recently been helping guide measures to address income inequality and socioeconomic disparities, particularly for ethnic minorities and other vulnerable groups.
Since 1966, ADB has provided $16.8 billion in cumulative sovereign assistance for Viet Nam.
Da Nang Port is the third largest port in Viet Nam.