National Blueprint · One of 195
A nation of 101.6 million whose stock market joined the FTSE emerging-market indices in September 2026, and where nine in ten cook with clean fuel.
Perfect Nations values what Vietnam owns and raises capital against it, through innovative financing for development (FfD) and super intelligence (SI).
Vietnam at a glance
What we do for Vietnam
Perfect Nations is a new-age sovereign advisory firm, and its clients are nations.
The whole logo: a Perfect Nation, where every citizen has all seven basic standards of living, led by good governance.
01Assets · The cup · Sovereign Assets
Each is owned today, earns today, and can carry Vietnam toward seven basic standards of living for every citizen.
101.6mCitizens, 2025
39 in every hundred live in towns and cities; the rest live on the land they farm and fish.
39.2%Of land in farms and pasture
The land that feeds the nation, and the first place a citizen dividend can be earned.
47.1%Of land under forest
Standing forest holds the water, soil and carbon that the world will pay to keep.
3,606 m³Renewable fresh water per person
Enough to supply every home, once it is stored, treated and piped.
45%Of electricity from renewables, 2023
Water, sun and wind already make almost half of the nation’s electricity; the rest is the opportunity.
02Capital · The laurels · Capital Architecture
Bonds, guarantees, swaps and loans that raise capital against what Vietnam owns, every line sourced.
Capital ArchitectureThe record in figures
Capital already committed
Approved 14 September 2026 · IBRD loan · Nine fishing ports across the North, Central and Mekong Delta regions
More than 525,000 fishers, aquaculture farmers and coastal residents; women at least half of direct beneficiaries
An IBRD loan to modernise nine fishing ports and build infrastructure and capacity for sustainable, climate-resilient fishing and aquaculture. It serves the food and livelihood standards of Vietnam’s coastal communities.
World Bank
SourceApproved 9 September 2026 · IBRD loan · 251 km of key Mekong Delta highways rehabilitated to international road safety standards
Year-round connectivity for about 856,800 direct users
An IBRD loan to rehabilitate 251 kilometres of key highways in the Mekong Delta, so that farmers can move their goods even in heavy rain. Construction is expected to create about 10,900 jobs a year; the roads serve the livelihood and food standards.
World Bank
SourceApproved 4 September 2026 · IBRD loan · A new section of Ring Road 3, wastewater treatment and flood protection
More than 311,000 residents to benefit
An IBRD loan for a new section of Ring Road 3 to shorten truck journeys, more wastewater treatment, and flood protection for the historic centre of Hai Phong. Wastewater treatment serves the shelter standard, measured by safely managed sanitation, which sets Vietnam’s Coverage.
World Bank
SourceApproved by the GCF Board at its 44th meeting, 25 to 28 March 2026 · Decision B.44/11 · Accredited entity: JICA
USD 71,955,000 for verified forest emission reductions
Green Climate Fund payments to Vietnam for results already achieved in reducing emissions from deforestation and forest degradation, with the results verified by the UNFCCC. The proceeds are to be reinvested to tackle the drivers of deforestation and forest degradation, which serves the livelihood standard.
Green Climate FundJICA
SourceApproved 30 September 2025 · IBRD loans of $144.97 million · Total cost $228.54 million, with $83.57 million from the provinces
Flood protection in Da Nang and year-round roads in Gia Lai
IBRD loans for civil works: river dredging and riverbank protection, a flood bypass channel and new bridges in Da Nang, and raised roads and bridges in Gia Lai that link the Central Highlands to Quy Nhon Port and serve as evacuation routes. It protects the shelter and livelihood standards.
World Bank
SourceApproved 24 October 2024 · GCF grant · Accredited entity: IFAD · Funded activity agreement effective 26 February 2026 · Estimated completion 26 February 2032
Total value $96.1 million with co-financing
A Green Climate Fund grant, through IFAD, for forest conservation and deforestation-free value chains such as coffee, pepper, bamboo and fruit. It is to improve 145,000 hectares through agroforestry and community forest management, which serves the food and livelihood standards.
Green Climate FundIFAD
SourceApproved 12 January 2024 · Total investment $311 million, with $80 million from the Government budget · Thuan An, Di An and Tan Uyen
About 550,000 residents by 2032
World Bank financing to expand sewage collection and treatment in three cities of Binh Duong; in Tan Uyen, wastewater services are to rise from under 10% to 32%. It serves the shelter standard, measured by safely managed sanitation, which sets Vietnam’s Coverage.
World Bank
SourceSigned 3 September 2026 · ADB loan of $40.66 million from ordinary capital resources · Grants of $1.5 million (Japan Fund for Prosperous and Resilient Asia and the Pacific) and $600,000 (High-Level Technology Fund)
Seven irrigation systems in Dong Nai, Gia Lai and Quang Ngai
Modernises seven irrigation systems and improves water management, raising cultivable irrigated land with a reliable water supply to 21,941 hectares and land for high-value crops and crop diversification to 11,399 hectares. About 295,500 people benefit directly, which serves the food and livelihood standards.
Asian Development Bank
SourceSigned 17 April 2025 · ADB loans of $59 million · $1 million grant from the High-Level Technology Fund · Phu Yen and Quang Tri
About 363,000 people, 187,000 of them from ethnic minority groups
Upgrades about 133 kilometres of district and commune roads to climate-resilient standards, builds and upgrades rural water supply systems, and funds climate and weather data for early warning. It serves the water and livelihood standards.
Asian Development Bank
SourceSigned 9 November 2026, Tokyo · Japanese ODA loan · 1.4% a year (0.01% for consulting services), 30 years, 10 years’ grace · Executing agency: Vietnam National Industry – Energy Group
Up to JPY 27,901 million
A JICA loan for a gas-fired combined cycle power plant in O Mon District, Can Tho City, with consulting services, to improve power supply capacity in southern Vietnam. It serves the energy standard.
JICA
SourceSigned 1 May 2026, Hanoi · Japanese ODA loan · 2.25% a year, 30 years, 10 years’ grace · Lao Cai, Dien Bien, Tuyen Quang, Son La and Lai Chau
JPY 21,590 million
A JICA loan for small-scale infrastructure in five northern provinces, with 90 subprojects currently envisaged: 41 road, 29 irrigation and 20 riverbank protection works. It is to raise agricultural productivity, improve livelihoods and reduce damage from natural disasters, which serves the food and livelihood standards.
JICA
SourceSigned 1 May 2026, Hanoi · Japanese ODA loan · 2.30% a year, 30 years, 10 years’ grace · Tuyen Quang, Thai Nguyen, Lang Son and Cao Bang
JPY 17,666 million
A JICA loan for small-scale infrastructure in four provinces of the northern mountainous region, with 28 subprojects currently envisaged: 19 road, 7 irrigation and 2 water supply works, to support production in ethnic minority communities. It serves the water, food and livelihood standards.
JICA
SourceSigned 30 March 2026, Hanoi · Japanese ODA programme loan · 1.5% a year, 15 years, 5 years’ grace · Built on a Policy Matrix agreed by the Government and JICA
Up to JPY 50,000 million
A JICA programme loan, with policy dialogue, for three areas of reform: fiscal and investment incentives for green growth, the policies that carry out Vietnam’s Nationally Determined Contribution, and adaptation to climate change. It supports the energy standard and protects the others from climate risk.
JICA
SourceSigned 24 June 2025, Frankfurt · Direct loan to EVN without a Government guarantee, the first such KfW project for EVN · Design capacity 200 MW
Built alongside the existing Tri An hydropower plant
A KfW loan to Viet Nam Electricity (EVN) for a 200 MW expansion of the Tri An hydropower plant. It serves the energy standard.
KfWViet Nam Electricity (EVN)
SourceCredit Facility Agreement signed 26 May 2025 · AFD to EVN National Power Transmission Corporation (EVN NPT)
A step towards the public finance commitments of the Just Energy Transition Partnership, according to the UK and the EU
An Agence Française de Développement credit facility to EVN NPT to build 500 kV transmission lines and substations across Binh Duong and Dong Nai provinces. It serves the energy standard.
AFDEVN NPT
SourcePolitical declaration 14 December 2022 · At least $15.5 billion over 3 to 5 years · $7.75 billion public finance from the International Partners Group and at least $7.75 billion private finance through GFANZ
An initial amount to be mobilised; a political commitment, not a binding agreement
A partnership between Vietnam and the International Partners Group to move towards at least 47% of electricity generation from renewables by 2030, and towards a peak of 30.2 GW of coal power, down from 37 GW planned. It serves the energy standard.
International Partners GroupGFANZ
SourceSigned 7 July 2026 · ADB mandated lead arranger and co-coordinator with Standard Chartered Bank (Singapore) · 29 commercial banks mobilised an additional $621 million
At least 40% of ADB’s financing for women-owned MSMEs
An ADB loan to Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank) for medium- and long-term lending to micro, small and medium-sized enterprises under its sustainable finance framework. It serves the livelihood standard.
Asian Development BankHDBankStandard Chartered Bank
SourceApproved 27 March 2026 · Signed 20 May 2026 · Invested 29 June 2026 · 5-year senior loan of up to $100 million and 7-year senior loan of up to $50 million
Part of a funding package of up to $830 million
IFC lending to Vietnam Prosperity Joint Stock Commercial Bank (VPBank) to grow its lending to small and medium enterprises, with a focus on women-led and women-owned SMEs and SMEs in agriculture. It serves the livelihood and food standards.
IFCVPBank
SourceSigned 19 December 2025 · ADB $100 million, CANPA $20 million, JICA $50 million and three commercial banks $80 million · ADB mandated lead arranger and bookrunner
ADB’s own loan of $100 million from ordinary capital resources
A syndicated package arranged by ADB for BIDV to lend to agribusinesses for sustainable production, climate adaptation and resource efficiency, and to women-owned small and medium-sized enterprises. It serves the food and livelihood standards.
Asian Development BankCanadian Climate and Nature Fund for the Private Sector in AsiaJICACathay United BankCTBC BankTaipei Fubon Commercial BankBIDV
SourceApproved 8 April 2025 · Signed 8 August 2025 · Invested 15 September 2025 · Five-year bond, up to $200 million
Proceeds for eligible climate and social projects
IFC subscribed to a five-year VPBank sustainability bond whose proceeds expand the bank’s sustainable finance portfolio, for eligible climate and social projects under its Sustainable Finance Framework. It serves the energy and livelihood standards.
IFCVPBank
SourceLoan agreement signed 4 August 2025 · JICA co-financing of an equivalent amount
Capacity raised from 30,000 to 80,000 cubic metres a day
An ADB loan to Thu Dau Mot Water Joint Stock Company to expand the Bau Bang water treatment plant, for a reliable supply of clean water to residents and to commercial and industrial users. It serves the water standard.
Asian Development BankJICAThu Dau Mot Water
SourceApproved 2 April 2025 · Signed 18 June 2025 · Invested 21 July 2025 · 3-year senior loan of up to $50 million
At least half for electric two-wheelers and energy-efficient goods
IFC lending to HD Saison Finance for micro loans to low-income people across Vietnam: at least half for electric two-wheelers and energy-efficient consumer durables, the rest for two-wheelers used for work or business. It serves the livelihood and energy standards.
IFCHD Saison Finance
SourceApproved 22 August 2024 for $150 million · $100 million facility signed, announced 16 July 2025 · Commitment now $150 million, according to AIIB · Nonsovereign
The second AIIB facility with VPBank; a significant portion earmarked for climate finance
An Asian Infrastructure Investment Bank on-lending facility to VPBank to promote sustainable infrastructure and support climate mitigation in Vietnam. It serves the energy standard.
Asian Infrastructure Investment BankVPBank
SourceSigned 18 March 2025 · Syndicated sustainability-linked loan · ADB $40 million, LEAP 2 $35 million, ILX $40 million, Emerging Africa & Asia Infrastructure Fund $35 million
Educational facilities for 20,400 students in urban areas of Ha Noi, Ho Chi Minh City and Hung Yen
The first sustainability-linked loan in Vietnam’s education sector, according to ADB, to expand the Vinschool system, which serves more than 48,000 students across 54 campuses. It serves the education standard.
Asian Development BankLEAP 2ILXEmerging Africa & Asia Infrastructure FundVinschool
Source
Linh TranNation Steward of Vietnam · SI Researcher
Independent firms and social enterprises already at work in Vietnam, highlighted by Perfect Nations. None is a partner of Perfect Nations.
Thanh Thanh Cong – Bien Hoa Joint Stock Company is a major local agricultural enterprise and a comprehensive agriculture solutions provider, according to IFC. In June 2023 IFC and Sumitomo Mitsui Banking Corporation announced that they would help arrange a $40 million commodity-backed warehouse finance facility for it, under IFC’s Global Warehouse Finance Program.
IFC, 2023Thu Dau Mot Water Joint Stock Company signed a $6 million ADB loan in August 2025, with JICA co-financing an equivalent amount, to expand the Bau Bang water treatment plant. The expansion raises the plant’s capacity from 30,000 to 80,000 cubic metres a day.
ADB, 2025Southeast Asia Commercial Joint Stock Bank received a $100 million IFC investment in February 2023 to widen access to housing loans for lower- and middle-income families. SeABank expected to at least double the number of its lower- and mid-end housing loans by 2026.
IFC, 2023Signed a €65 million loan agreement with KfW in Frankfurt on 24 June 2025, a direct loan without a Government guarantee and the first such KfW project for EVN. It finances the Tri An Hydropower Plant Expansion, with a design capacity of 200 MW, built alongside the existing plant.
EVN, 2025Serves more than 48,000 students across 54 campuses. In March 2025 it signed a $150 million syndicated sustainability-linked loan with ADB, the first in Vietnam’s education sector according to ADB, to provide educational facilities for 20,400 students in urban areas of Ha Noi, Ho Chi Minh City and Hung Yen.
ADB, 2025Began operations in District 7, Ho Chi Minh City, on 11 March 2003, and has cared for more than 6 million patients since. It offers more than 45 medical and surgical specialities and has been awarded JCI international accreditation four times in a row, from 2016 to 2025.
FV HospitalHo Chi Minh City Development Joint Stock Commercial Bank lends to micro, small and medium-sized enterprises under its sustainable finance framework. In July 2026 it signed a $100 million ADB loan, at least 40% of it for women-owned businesses, alongside $621 million from 29 commercial banks.
ADB, 202603Solutions · The seven stars · Perfect Capita
Perfect Capita is the yearly cost, per person, of lifting everyone above the Living Line in all seven basic living standards, set with Vietnam in its own prices.
How Perfect Capita worksTap a star for its figure and source.
The price of Perfect Vietnam
To be set with Vietnam, from its own figures and in its own prices: Perfect Capita times the people of Vietnam, each year.
Perfect Nations estimate, to be confirmed with Vietnam. Figures marked dated rest on surveys more than five years old; lenient measures are marked as such. The strict measures
Strict measures. Food: share not moderately or severely food insecure (FAO). Water: safely managed drinking water where measured; where it is not, basic water, marked as such. Shelter: the lower of safely managed sanitation and the share outside urban slums. Energy: the lower of electricity per person against 1,000 kWh and clean cooking. Education: the lower of children reading by the end of primary school and lower-secondary completion. Health: WHO service coverage index. Livelihood: share above the stricter of the national poverty line and the World Bank line for the nation’s income group. Each figure links to its source.
Solution No. 36
Citizens and investors own the sewers and treatment plants its cities need, on its own stock market.
~55mVietnamese without a safely managed toilet at home
A golden star on a field of red. In a single generation you lifted most of your people out of poverty, and in September 2026 the world’s index investors began to buy your companies as an emerging market.
“The world now buys your companies as an emerging market. Now let every Vietnamese home have a safe toilet of its own.”
Work with us · The ReDesign Studio
One mission, three depths: the same four moves for Vietnam, taken as far toward market as you choose.
For the Government of Vietnam, its development partners and investors. Scope and fees are agreed in writing before any work begins.
Mandate 013 hours
A private session for the people who decide.
You leave withThe gap, named and sized
Mandate 023 days
Your team and ours, working the blueprint together.
You leave withThe structure, drawn
Mandate 03End to end
Led personally by the President and CEO.
You leave withA structure ready for market
Where Vietnamese and Co-designers design the nation they want to live in.
Writings
Up to 1,500 words on your vision of Perfect Vietnam, published with your name.
Submit your writingVoices of Perfect Nations Launching soon
Great local leaders: honest, dedicated and committed to basic standards of living for all. Every guest answers one question: “What does Vietnam already own, and how could it pay for a decent life for every citizen?”
Co-designers
Everyone who shares a vision, a voice or an enterprise here becomes a Co-designer of Perfect Vietnam.
Become a Co-designerThe Vietnam ReDesign Studio is open
Share your vision, suggest a guest, or write to us: every message receives a personal reply.
