WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Economy / Trade - Service
ADB appoints new country director for Vietnam
Hai Yen 16:36, 2023/07/24
Chakraborty will oversee the implementation of the Country Partnership Strategy for 2023-2026, which focuses on Vietnam's transition to a green economy, leveraging the private sector, and promoting social equity.

The Asian Development Bank (ADB) has appointed Shantanu Chakraborty as its new Country Director for Vietnam.

 ADB Country Director for Vietnam Shantanu Chakraborty. Source: ADB

Chakraborty, who took office today, will lead ADB's operations in the country, represent the Bank in policy dialogues, and further develop its relationship with the government and other stakeholders. 

“It is my great honor to be appointed the Country Director for Vietnam. For 30 years, ADB has been a trusted partner of the government and the people of Vietnam,” said Chakraborty.

“I am pleased to lead ADB’s ongoing efforts to further strengthen the partnership between the bank and Vietnam. ADB is continuing its lending and nonlending support to foster inclusive, green, and private sector-led growth in Vietnam, and building the foundation for the country to achieve the goal of becoming an upper middle-income country by 2030,” he added.

Chakraborty, an Indian national, has almost 28 years of professional experience in South, Central, and West Asia and the United States, including 18 years with ADB. He was Director of the Infrastructure Finance Division 1 and previously Director of the Private Sector Transaction Support Division in the Private Sector Operations Department (PSOD). His previous positions at ADB included Senior Advisor to the Vice President (Private Sector and Co-financing Operations) and Principal Investment Specialist in PSOD.

Prior to joining ADB, Chakraborty had nearly 10 years of experience in project finance and investment banking in India (with ICICI Bank) and the United States (with UBS Warburg and Landesbank Hessen Thüringen).

Vietnam is a founding member of the ADB. Since the bank's inception in 1966, it has provided 457 public sector loans, grants, and technical assistance totaling $16.5 billion to Vietnam.

RELATED NEWS
TAG: Vietnam news ADB Vietnam adb country director shantanu chakraborty vietnam
Other news
14:03, 2025/02/17
Vietnam set to increase power imports
Vietnam is pushing for double-digit economic growth in the coming years, which is expected to drive annual electricity demand growth of 12-14%.
14:16, 2025/02/15
Vietnam may prioritize economic growth over inflation control: PM
It may be necessary to accept a certain level of higher inflation because injecting more money into business requires this trade-off.
15:52, 2025/02/12
Vietnam's exports at risks as US tariffs loom
The shadow of tariffs hangs over Vietnam’s trade outlook.
13:40, 2025/02/11
Vietnamese Gov’t plans to revise up 2025 GDP growth target to over 8%
The revision of this year's GDP target will help lay the foundation for double-digit growth from 2026, propelling the country into a prosperous development phase.
13:50, 2025/02/10
Number of green buildings in Vietnam doubles in 2024
Vietnam now has a cumulative total of 559 green-certified buildings. This figure far exceeds the original targets set for green buildings—80 by 2025 and 160 by 2030.
20:15, 2025/02/05
Vietnam prepares for potential global trade wars: PM
If such a situation arises, it could disrupt supply chains and shrink Vietnam’s export markets.