Viet Nam  

Quick Facts

Population 93 million (2016)
GDP at PPP (current international dollars) 597 billion (2016)
GDP per capita at PPP (current international dollars) 6,435 (2016)

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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

The technical assistance covers the preparation of energy projects in Southeast Asia, such as developing priority power interconnections for cross-border trade of electricity in the Greater Mekong Subregion. Photo: ADB.

ADB Supports Energy Investment Planning in Southeast Asia

The Asian Development Bank has approved technical assistance for energy projects in Southeast Asia, including the Greater Mekong Subregion Cross-Border Power Trade and Distribution Project.

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Nguyen Thi Huong Lien (fourth from left in photo) started women-led motorcycle tours in Hue City, Viet Nam in 2014. She has since expanded her business to four more cities and is eyeing other markets in the Greater Mekong Subregion. Photo: I Love Asia.

Promoting Responsible Tourism through Innovative Startups

A young businesswoman offering motorcycle tours led by women is one of the entrepreneurs supported by a tourism accelerator program in the Greater Mekong Subregion.

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The Japan-Mekong Connectivity Initiative invests in hard and and soft infrastructure projects in the Greater Mekong Subregion, including human resource development. Photo: ADB.

Japan, Mekong Countries Eye New Strategy for Cooperation

Foreign ministers from Japan and five Mekong nations this month identified areas of cooperation under a new strategy and reviewed the progress of joint projects in the East-West Economic Corridor and Southern Economic Corridor.

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Mekong Forum Looks at Ways to Promote Healthy Economic Zones

Economic zones hold unique health risks for both workers and communities, but they also offer opportunities to protect workers’ productivity and improve community health. Photo: ADB.

Mekong Forum Looks at Ways to Promote Healthy Economic Zones

Economic zones are growth engines of the Greater Mekong Subregion, stimulating economic activity and creating jobs. Yet, not much attention has been given to the social and health aspects of economic zone development until recently.

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8th ACMECS Summit on 16 June 2018 in Bangkok, Thailand

Thailand was the host of the 8th ACMECS Summit, which was attended by (from left) Myanmar President U Win Myint, Viet Nam Prime Minister Nguyen Xuan Phuc, Thailand Prime Minister Prayut Chan-o-cha, Cambodia Prime Minister Hun Sen, Lao People's Democratic Republic Prime Minister Thongloun Sisoulith and ASEAN Secretary-General Lim Jock Hoi. Photo courtesy of the Ministry of Foreign Affairs, Thailand.

ADB Confirms Support to ACMECS

Asian Development Bank President Takehiko Nakao reaffirmed ADB's support to the Ayeyawady-Chao Phraya Mekong Economic Cooperation Strategy in a video message shown at the 8th ACMECS Summit on 16 June in Bangkok.

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