HA NOI, VIET NAM : The Asian Development Bank (ADB) has appointed Shantanu Chakraborty as its new Country Director for Viet Nam.
Mr. Chakraborty, who assumed the office today, will lead ADB’s operations in the country, represent the bank in policy dialogue, and further foster its relationship with the government and other stakeholders. He will supervise the implementation of the country partnership strategy for 2023–2026, which focuses on Viet Nam’s transition to a green economy, harnessing the private sector, and promoting social equity.
“It is my great honor to be appointed the Country Director for Viet Nam. For 30 years, ADB has been a trusted partner of the government and the people of Viet Nam,” said Mr. Chakraborty. “I am pleased to lead ADB’s ongoing efforts to further strengthen the partnership between the bank and Viet Nam. ADB is continuing its lending and nonlending support to foster inclusive, green, and private sector-led growth in Viet Nam, and building the foundation for the country to achieve the goal of becoming an upper middle-income country by 2030.”
Mr. Chakraborty succeeds Andrew Jeffries who ended his term as Country Director on 27 April 2023.
Mr. Chakraborty has almost 28 years of professional experience across South, Central, and West Asia, as well as in the United States, including 18 years with ADB. He was the Director of the Infrastructure Finance Division 1 and earlier Director of the Private Sector Transaction Support Division in the Private Sector Operations Department (PSOD). His earlier roles in ADB included being the Senior Advisor to the Vice President (Private Sector and Cofinancing Operations) and Principal Investment Specialist in PSOD.
Prior to joining ADB, Mr. Chakraborty had almost 10 years’ experience in project finance and investment banking in India (with ICICI Bank) and the United States (with UBS Warburg and Landesbank Hessen Thuringen).
Mr. Chakraborty, an Indian national, holds a master’s degree in management from the Indian Institute of Management in Ahmedabad, India; a master’s in business administration in finance from the Stern School of Business of New York University; and an engineering degree from Birla Institute of Technology and Science, Pilani in India.
Viet Nam is a founding member of ADB. Since the bank’s establishment in 1966, it has committed 457 public sector loans, grants, and technical assistance totaling $16.5 billion to Viet Nam.
ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members—49 from the region.
