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Growth, jobs and less poverty

Since the mid-1980s, Vietnam has been undergoing transformation from a centrally planned economy to a market economy with a socialist outlook. Since then, poverty in the country has fallen sharply. Vietnam's economy has flourished thanks in large part to motivated workers and political stability. From 2013 onwards, bilateral development cooperation with Vietnam has been based on the Vietnamese approach to promoting a sustainable growth strategy, the "Green Growth Strategy". KfW, on behalf of the German government, is supporting this economic change in various priority areas. For example, KfW is promoting renewable energies and higher energy efficiency in the energy sector. It is equipping vocational schools and investing in extensive reforestation projects and resource protection.

Local office

KfW Office Hanoi

Director KfW Office: Simone Wunsch
49 Hai Ba Trung Street
HanoiTower 12th Floor

Phone: +84 (24) 3934 5355
Fax: +84 (24) 3934 5356

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