Viet Nam  

Quick Facts

Population 96 million (2017)
GDP at PPP (current international dollars) 647 billion (2017)
GDP per capita at PPP (current international dollars) 6,776 (2017)

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Viet Nam has worked with its GMS partners to increase the productivity of its agriculture sector. The country has prioritized critical reforms that have resulted in steady growth in agricultural output, making Viet Nam the second largest exporter of rice in the world. As in other GMS countries, rural transport and market access have also improved agricultural and rural livelihoods.

Viet Nam seeks to develop its energy resources with better transparency, competition and economic efficiency in order to attract private investment, which will complement public sector investments, and ensure energy supply security for its rapidly growing domestic demand. Viet Nam has worked with its GMS neighbors to benefit from power trading arrangements being developed in the subregion, and on information sharing regarding the exploration, production, and transmission of energy resources. Viet Nam is also expanding electricity access to rural and remote areas, and boosting the share of renewable energy to total energy supply.

Similar to other fast-growing GMS economies, Viet Nam has had to respond to growing pressures on its environment and natural resources. The Government has enacted legislation and launched programs to mitigate the environmental impacts of urban expansion. Viet Nam, in coordination with its GMS partners, has invested in tree planting programs that are showing results in terms slowing the loss of forest cover.

With a large rural and young population that is in need of skills development and training, Viet Nam is seeking to train 27.5 million workers – including 10 million rural workers – by 2020. In coordination with its GMS partners, Viet Nam is focusing efforts on poverty reduction and gender mainstreaming in order to help vulnerable workers benefit from national training programs. As part of its national human resources development work, the country is also strengthening its emphasis on protecting migrant workers, both domestically and across borders.

Viet Nam is sharing knowledge with its GMS partners to develop its fixed and mobile telecommunications systems, as well as Internet service. To promote competition and universal access, the country is promoting more transparent telecommunications licensing procedures and fees (in line with its subregional neighbors), and efficient government regulations. Viet Nam takes part in GMS training programs designed to increase the expertise of officials across the subregion.

Making trade and investment easier between GMS countries is a key priority for Viet Nam. The country has worked with its subregional partners to harmonize and simplify trade and investment procedures.

Viet Nam is a vital link in the emerging subregional transport system of the GMS. It is home to key sections of major GMS corridors, such as the Ho Chi Minh City-Phnom Penh Highway, the East-West Transport Corridor, the Kunming-Haiphong Transport Corridor, and the Southern Coastal Corridor. The country has also embarked on the construction of major expressways to enhance its overall transport efficiency. Viet Nam also hosts important maritime links via its ports. Viet Nam’s fast-growing economy has been a strong contributor to the development of GMS economic corridors that have benefited its own people, and the citizens of neighboring countries.

ADB and Vietnam: Fact Sheet

At the grounbreaking ceremony of the V1-2 wind power plant. Photo by VNA via Viet Nam Plus

Construction of Viet Nam-Thailand Wind Power Plant Begins

The joint venture V1-2 wind power plant between the Truong Thanh Viet Nam Group and the Sermsang Power Corporation Public Company Limited of Thailand launched construction in Tra Vinh, Viet Nam, on 14 August. The 48 MW peak facility consists of 12 wind turbines to be built on 1,220 hectares in the Truong Long Hoa commune, Duyen Hai town. The project is estimated to cost around $96 million (2.23 trillion VND), and is expected to generate around 163 million kWh of electricity each year. 

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Mekong River Commission Joint Committee Endorses Basin Development Strategy

The Mekong River Commission (MRC) Joint Committee endorsed ad-referendum the 10-year Basin Development Strategy. The Strategy aims to guide Mekong River Basin stakeholders in addressing environmental, social, and economic issues arising from climate change, water resource development projects, and population increase. Its endorsement paves the way for a final consideration and approval by the MRC’s council of ministers. 

GMS in the News

Bagan, Myanmar. Photo: Piktour UK via Flickr (CC BY 2.0)

Myanmar Releases Strategic Roadmap for Tourism Recovery

The Government of Myanmar released a Strategic Roadmap for Tourism Recovery that aims to establish ‘new normal’ conditions to help tourism make  a comeback.  

Mr. Ohn Maung, Union Minister of Ministry of Hotels and Tourism, provided guidelines for implementation of the plan. It includes three phases:  

Survival 

GMS in the News

Viet Nam exports coffee to more than 80 countries worldwide, including the People's Republic of China. Photo by Marko Mikkonen.

Agro-food Exporters from Viet Nam, Enterprises from Yunnan, PRC Hold Virtual Conference on Boosting Trade

Trade promotion authorities from the People’s Republic of China (PRC) and Viet Nam organized a virtual conference for agro-food exporters from Viet Nam and enterprises from Yunnan, PRC, in a bid to boost Viet Nam’s agricultural and food exports. Around 23 Vietnamese agriculture, food, and beverage enterprises participated in the event to promote products suitable to the market in Yunnan province and the broader PRC. 

The conference also provided an opportunity to discuss measures to boost Viet Nam’s agricultural and food exports, and maintain trade linkages.

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Sample infographic materials distributed by the Ministry of Health, Viet Nam from the country's COVID-19-dedicated website.

Viet Nam's Prime Minister Shares Five Lessons Learned from COVID-19, Highlights Importance of Communication in Pandemic

Viet Nam's Prime Minister Nguyen Xuan Phuc delivered a report on how the coronavirus disease (COVID-19) was contained and managed in the country, and solutions to restart the economy, at the opening ceremony of the country’s 14th National Assembly’s 9th working session on 20 May 2020. 

GMS in the News