The State Bank of Vietnam published remarks by Deputy Governor Nguyen Ngoc Canh, speaking as Vietnam’s Alternate Governor at the Asian Infrastructure Investment Bank’s (AIIB) 10th anniversary annual conference, setting out Vietnam’s priorities for strengthening ASEAN connectivity through innovative partnerships. The speech framed the agenda around ASEAN connectivity towards 2045, regional energy integration through the ASEAN Power Grid, and closer cooperation with development partners, linked to the ASEAN Connectivity Strategic Plan 2026–2035 adopted at the May 2025 ASEAN Summit. Supporting this case, the remarks noted that more than 80% of initiatives under the Master Plan on ASEAN Connectivity (MPAC) 2025 have been completed or are progressing, while the new strategic plan embeds climate resilience in sustainable infrastructure and targets an expansion of the digital economy from USD 1,000bn to USD 2,000bn by 2030. Against a reported Asian Development Bank (ADB) estimate of an ASEAN infrastructure financing gap of USD 2.8–3.1tn and an annual shortfall of USD 19.9bn, with traditional government finance covering around 40% of needs, the speech highlighted the role of AIIB-linked programmes and green finance mechanisms in mobilising private capital. Vietnam’s domestic contribution was presented across six connectivity areas, alongside support for the ASEAN Power Grid with an objective that most electricity supplied in ASEAN is renewable by 2050. The Deputy Governor also pointed to near-term domestic milestones, including mandatory environmental risk management requirements for financial institutions in 2025, an expected USD 15.5bn Just Energy Transition Partnership (JETP) financing package, and a pilot carbon market planned to launch in 2025, alongside infrastructure and logistics targets running to 2030 and beyond.

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