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Vietnam

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. Even in 2020, the year of coronavirus, the economy was growing. This is because Vietnam plays a highly significant role in global supply chains and the government quickly brought the coronavirus pandemic in the country under control. 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”. Key elements include sustainable development and measures to adapt to climate change. With the new socio-economic development strategy (SEDS), Vietnam’s government wants to achieve further progress in relation to the economy, social issues and the environment between 2021 and 2030. KfW is supporting this economic transformation across various core topics on behalf of the German Federal Government.

Local office

KfW Office Hanoi

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

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

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