HCMC – The Asian Development Bank (ADB) is preparing a project pipeline worth around US$5-6 billion for Vietnam over 2026-2029, with the regional lender expected to provide about US$4.5 billion in financing.
The pipeline will focus on transportation, energy, education, urban development, agriculture and measures to strengthen the economy’s competitiveness.
Masato Kanda, president of ADB, outlined the plan during a meeting with Party General Secretary and State President To Lam in Manila on June 1, according to a statement released by the lender the same day.
The proposed support package includes a US$500 million policy-based loan to back trade and competitiveness reforms, helping Vietnam maintain its position as a preferred destination for foreign direct investment (FDI), ADB said.
During the meeting, Kanda cexpressed support for Vietnam’s goal of achieving high quality growth driven by innovation as part of what the country has described as its new era of development, the ADB statement said.
In the energy sector, ADB is supporting regional power grid interconnections under the ASEAN Power Grid initiative to strengthen energy security. The lender is working with Vietnam and Laos to advance cross border electricity links as part of Vietnam’s plan to import 8 GW of power from Laos in the coming years.
ADB said it is also in early discussions on supporting a power interconnection linking Vietnam, Malaysia and Singapore under the ASEAN Power Grid framework.
Vietnam is the largest user of ADB’s Trade and Supply Chain Finance Program in the region. The program supported about US$1.5 billion in transactions through 17 partner banks in 2025.
So far in 2026, supported transactions have reached around US$620 million, up nearly 90% from a year earlier, ADB said.
ADB is also expanding its engagement with Vietnam’s private sector. In 2025, it committed US$146 million to three private sector projects and mobilized an additional US$250 million from commercial financiers and development partners.
By the end of 2025, its private sector investment portfolio in Vietnam stood at about US$1 billion, according to the lender.
