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

2nd GMS Tourism Ministers' Meeting

The Ministers of Tourism of the 6 GMS countries (Cambodia, People’s Republic of China, Lao PDR, Myanmar, Thailand, and Viet Nam) met in Ha Noi, Viet Nam, on 9 January 2009. Senior officials from the GMS National Tourism Organizations (NTOs), the Mekong Tourism Coordinating Office (MTCO), and development partners including the Asian Development Bank, French Embassy, European Union, Netherlands Development Cooperation (SNV), and GTZ, and US-supported ASEAN Competitiveness Enhancement Project also attended the meeting.


Economics and Trade in Goods: An Introduction: An ADB-ITD Training Module for the Greater Mekong Subregion

This training material aims to strengthen officials' and experts' understanding of the trade barriers that affect trade in goods and the economic determinants of such trade; proposals made in different forums to reform border policies affecting trade in goods and the analysis of those proposals, with a particular focus on the strategic questions raised by regional trade agreements; and particular challenges facing trade policy makers in the Greater Mekong Subregion.


Corridor Chronicles: Profiles of Cross-Border Activities in the Greater Mekong Subregion

This is a colorful account of a 19-day journey along the new or upgraded economic corridors linking members of the Greater Mekong Subregion. Based on conversations with ordinary folk, especially entrepreneurs, these stories show how trade and tourism in particular are burgeoning with improving connectivity between People's Republic of China's Guangxi and Yunnan provinces, Viet Nam, Lao People's Democratic Republic, Thailand and Cambodia.


Strategic Framework and Action Plan for Human Resource Development in the Greater Mekong Subregion (2009-2012)

Human resource development, with its potential to enhance competitiveness, increase returns on physical connectivity, and build a sense of community, is one of the five strategic areas of cooperation under the Greater Mekong Subregion Economic Cooperation Program.