The State Bank of Vietnam published a readout of Governor Nguyen Thi Hong’s meeting with Asian Development Bank (ADB) Vice President Scott Morris, setting out a shared agenda to deepen cooperation. The discussions focused on expanding ADB government lending in Vietnam and strengthening ongoing policy dialogue and technical coordination, alongside support for long-term financing in priority sectors and the private sector. The two sides reviewed strategic cooperation priorities and progress toward signing the Inclusive and Climate-Resilient Infrastructure for Ethnic Minority Areas II (CRIEM II) project, expected on 16 April 2025. The Governor asked ADB to further streamline procedures, increase flexibility in financing structures, and lower borrowing costs, while also seeking more concessional lending terms and combinations of financing and technical assistance during project preparation and implementation. The readout also noted Vietnam’s work to improve the institutional and legal framework for official development assistance (ODA) borrowing and to address implementation bottlenecks; ADB indicated readiness to expand long-term finance for areas such as transport, energy, digital transformation, and green development. Next steps include the expected signing of CRIEM II on 16 April 2025 and continued regular policy dialogue, technical coordination, and development of strategic cooperation programmes.
State Bank of Vietnam 2025-04-15
State Bank of Vietnam and Asian Development Bank agree to expand sovereign lending and sustain regular policy dialogue
The State Bank of Vietnam and the Asian Development Bank (ADB) discussed expanding ADB government lending in Vietnam and enhancing policy dialogue and technical coordination. They reviewed strategic cooperation priorities, including the upcoming signing of the Inclusive and Climate-Resilient Infrastructure for Ethnic Minority Areas II project. The Governor requested streamlined procedures, flexible financing structures, and lower borrowing costs, while ADB expressed readiness to expand long-term finance in key sectors.