|Population||93 million (2016)|
|GDP at PPP (current international dollars)||597 billion (2016)|
|GDP per capita at PPP (current international dollars)||6,435 (2016)|
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 16th Meeting of the Regional Power Trade Coordination Committee (RPTCC-16) was held to (i) open and commence the evaluation of the bids for the venue for the headquarters of the Regional Power Coordination Center (RPCC) which will serve as a permanent institution to enhance regional power trade and implement regional power interconnection in the GMS; (ii) provide updates on the Greater Mekong Subregion (GMS) countries’ power development plans focusing on cross-border projects;
The 17th Meeting of the Regional Power Trade Coordination Committee (RPTCC-17) was held to (i) discuss the progress on the bids for the venue for the headquarters of the Regional Power Coordination Center (RPCC) which will serve as a permanent institution to enhance regional power trade and implement regional power interconnection in the GMS; (ii) provide updates on the Greater Mekong Subregion (GMS) countries’ power development plans focusing on cross-border projects; (iii) discuss the assistance of development partners to support RPTCC activities; (iv) consider the draft report on the GMS
The 18th Meeting of the Regional Power Trade Coordination Committee (RPTCC-18) was held to (i) provide updates on the status of the Regional Power Coordination Center (RPCC) headquarters hosting issue;
The Third Meeting of the GMS Task Force on Urban Development in Vientiane, Lao People’s Democratic Republic (Lao PDR) from 11–12 September 2014 was held to (i) review the draft GMS Urban Development Strategy1 and Implementation Plan; (ii) discuss the GMS Regional Investment Framework (RIF) Implementation Plan, monitoring and evaluation (M&E) system, and the results of the GMS Sixth Economic Corridors Forum (ECF-6) in Ha Noi, Viet Nam (8 August 2014) on Special Economic Zones (SEZs) and Cross Border Economic Zones (CBEZs); and (iii) agree on the way forward of the GMS Urban Development S
This assessment indicates a mixed performance for the Transport Sector Strategy Study, 2006-2015 based on an assessment of the overarching goals upon which the study was based.
The Development Partners’ Assistance Matrix for the GMS Economic Cooperation Program is an inventory of development partners’ ongoing and planned subregional projects in the GMS.
PHNOM PENH, CAMBODIA (10 December 2014)– In an effort to highlight the contribution of youth to the Greater Mekong Subregion, the Asian Development Bank is assisting 36 national youth representatives from Mekong countries on a journey of learning, to culminate in a youth message to the 5th GMS Summit to be held in Bangkok, Thailand next week.
HA NOI, VIET NAM (4 December 2014) – The Asian Development Bank and Government of Australia are providing combined assistance of $10.5 million to promote private sector development in Greater Mekong Subregion countries ahead of the inception of the ASEAN Economic Community in 2015.
HA NOI, VIET NAM (25 November 2014) – The Asian Development Bank and the Government of Viet Nam today signed a $50 million loan agreement to upgrade Viet Nam’s tourism infrastructure, boost tourist spending, and create more jobs in the industry for poor and ethnic minority communities.