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    Asian Development Bank and Viet Nam: Fact Sheet

    Asian Development Bank | June 2011
    Abstract
    Updated yearly, this ADB Fact Sheet provides social and economic indicators on Viet Nam as well as concise information on ADB's operations in the country and contact information. Viet Nam is a founding member of the Asian Development Bank (ADB), which was established in 1966. After the country’s unification and the period of suspension, ADB operations in the country were resumed in 1993. ADB has provided Viet Nam with 114 sovereign loans totaling $9.09 billion, one sovereign guarantee of $325 million, 255 technical assistance grant projects amounting to $199.5 million, and 26 other grants totaling $150.1 million. ADB has also approved eight nonsovereign loans, two political risk guarantees, and one B-loan totaling $280 million. Over the last 20 years, Viet Nam has been one of the fastest-growing economies in Asia, with gross domestic product (GDP) growth averaging 7.1% between 1990 and 2009. It recently became a middle-income country. A long period of rapid economic growth, combined with various policies targeting the poor, has enabled Viet Nam to reduce poverty dramatically.
    Citation
    Asian Development Bank. 2011. Asian Development Bank and Viet Nam: Fact Sheet. © Asian Development Bank. http://hdl.handle.net/11540/5679.
    Keywords
    Financial Sector Reform
    Financial Reform
    Financial Policy
    Rural Poverty
    Economic Development and Finance
    Development Financing
    Business Financing
    Investment Requirements
    Development Banks
    Social Equity
    Rural Development
    Rural Conditions
    Rural Sociology
    Economic and Social Development
    Income Generation
    Investment Requirements
    Banks
    Development Banks
    Project Impact
    Financial Aspects
    Rural Development
    Rural Conditions
    Income Generation
    Economic and Social Development
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    Citable URI
    http://hdl.handle.net/11540/5679
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    Author
    Asian Development Bank
    Theme
    Finance
    Poverty
     
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise
    Copyright 2016-2021 Asian Development Bank Institute, except as explicitly marked otherwise