Small businesses are the backbone of the Vietnamese economy. The government should take decisive action to help them, particularly those owned by women.
Don Lambert leads the Private Sector Development Unit within ADB’s Viet Nam Resident Mission. The unit supports expanding the role of the private sector in contributing to Viet Nam’s socio-economic development. Previously at ADB, he worked on financial sector development in India and Sri Lanka, served as head of the corporate recovery unit, and was a credit risk management specialist covering ADB’s financial institutions portfolio. Employment prior to ADB included with the US Federal Reserve and as a US Army officer. Mr. Lambert holds a master’s degree from Harvard University, a bachelor’s degree from Princeton University, and is a CFA® charterholder.
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Despite significant gains in the last decade, Viet Nam’s infrastructure lags regional peers such as Indonesia, Malaysia, and Thailand. Partnering with the private sector will help close the gap.
Viet Nam’s water sector is promising for investors but a bold reform agenda is needed to connect private capital to this crucial public service and unleash the development and economic growth that will follow.
On many levels, women in Viet Nam fare better than women living in countries at a similar level of economic development. Still, women-owned businesses face disproportionate barriers.
Reforms that drive the demand for credit ratings will support the development of the corporate bond market.
The more Viet Nam’s state-owned enterprises can access capital through the strength of their own balance sheets, the more they can help fund infrastructure, social development and COVID-19 response.
There are three key strategies that can help Viet Nam achieve its ambitious development targets in the coming years.
Ba chiến lược mấu chốt để Việt Nam có thể đạt được các mục tiêu phát triển đầy tham vọng trong những năm tới.
Với những cải cách tài chính quan trọng, TP Hồ Chí Minh có tiềm năng theo mô hình của Tokyo, Thượng Hải, Mumbai và các thành phố khác thành các trung tâm nổi trội về tài chính toàn cầu.
With key financial reforms, Ho Chi Minh City has the potential to follow the model of Tokyo, Shanghai, Mumbai, and other cities which came to global financial prominence.