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Add to Preferred SourcesVietnam is a lower middle-income country with a population of 90 million and a market-based economy with a socialist orientation. Over the past 20 years the country has made rapid progress towards economic prosperity and human development. Poverty rates declined from 58% in 1993 to 7.1% in 2015 (ADB, 2018) and a number of Millennium Development Goals have been achieved. Rapid economic growth (averaging 5-6% annually during 1991 and 2016) has transformed the country from one of the poorest nations in Asia to a lower middle-income country. Vietnam has a gross domestic product (GDP) per capita of $2,171 (IMF, World Economic Outlook, 2018) and a Human Development Index of 0.683 (115 of 188 countries ranked in the 2016 UNDP Human Development Report).
Despite these remarkable achievements, several development challenges remain, including two unfinished Millennium Development Goals. The goals regarding environmental sustainability and HIV/AIDS still need to be achieved and disparities, particularly between majority and minority ethnic communities, still need to be addressed (UNDP Country Report, 2015). This report presents the state of ODA received by Vietnam based on a thorough analysis of oficial reports from international organisations (such as the OECD, the UN, the EU, etc.) published during the period 2007-2018. The report begins with a brief description of donor activity in Vietnam from 2007 to 2016 and continues with an analysis of the top five donor states and the top three multi-lateral development organisations to Vietnam. This report also contains general information regarding direct investments and remittances.
This report will be presented and discussed in depth at the Economic Infrastructure Development Forum (EIDF Vietnam) which will take place in Hanoi, Vietnam, in September 2018.
Author: DevelopmentAid News Team,