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National Blueprint · One of 195

Vietnam

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.

  • 101.6mCitizens, 2025
  • $5BPortfolio inflows expected from the index upgrade
  • 91%Cook with clean fuel
Enter the Design Studio Read the Letter The three mandates

You are entering

The Perfect VietnamDesign Studio

Where Vietnamese and Co-designers design the nation they want to live in.

Everyone who shares a vision, a voice or an enterprise here becomes a Co-designer of Perfect Vietnam: one of a community of selfless people, at home and abroad, building a nation where every citizen has a decent life.

Become a Co-designer

Design Studio · Work with Perfect Nations

One mission. Three depths.

Every mandate makes the same four moves for Vietnam. What changes is how deep we go, and how far the work travels toward market.

  1. 01Identify the assets
  2. 02Estimate Perfect Capita
  3. 03Co-design the capital architecture
  4. 04Launch the instruments and structures
  1. Mandate 01

    The Nation Briefing

    3 hours

    A private session for the people who decide.

    1. 01Identify the assetsThe five sovereign assets on this page, walked through.
    2. 02Estimate Perfect CapitaCoverage of 45.4 and the Gap, explained.
    3. 03Co-design the capital architectureThe instruments that could close the Gap, shortlisted.
    4. 04Launch the instrumentsThe path to market, outlined.
    You leave withThe gap, named and sized
    Request a Nation Briefing
  2. Mandate 02

    The Blueprint Lab

    3 days

    Your team and ours, working the blueprint together.

    1. 01Identify the assetsThe ledger tested against your ministries’ own data.
    2. 02Estimate Perfect CapitaEach of the seven standards costed in Vietnamese prices.
    3. 03Co-design the capital architectureOne financing structure, drawn with your team.
    4. 04Launch the instrumentsA term sheet and the partners to approach.
    You leave withThe structure, drawn
    Plan a Blueprint Lab
  3. Mandate 03

    The Sovereign Mandate

    End to end

    Led personally by the President and CEO.

    1. 01Identify the assetsA full sovereign asset ledger, valued and verified.
    2. 02Estimate Perfect CapitaPerfect Capita set and agreed with government, with a monitoring plan.
    3. 03Co-design the capital architectureThe full structure: legal form, credit enhancement, guarantees and pricing.
    4. 04Launch the instrumentsTaken to investors and development partners, through to close.
    You leave withA structure ready for market
    Discuss a Sovereign Mandate

For the Government of Vietnam, its development partners and investors. Scope and fees are agreed in writing before any work begins.

Vietnam in BloomNation Portrait · The Gallery
Perfect Nations™ · Letters to the NationsVietnam

Dear Vietnam,

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.”

Yours in design,Preeti SinhaPresident and CEO, Perfect Nations Read the full letter

Dispatches

Letters from the markets.

Short analyses of the instruments and investments shaping Vietnam, written for ministers, investors and citizens by Preeti Sinha and by Linh Tran, Nation Steward of Vietnam.

All dispatches
Perfect Nations™ · State of NationsForthcoming

The first dispatch on Vietnam is in preparation.

Dispatches appear here as soon as they are published.

Design Studio · Writings

Write Perfect Vietnam into being.

An essay, an article or a true story of up to 1,500 words: your vision of Perfect Vietnam and the economic solutions to achieve it. Original and unpublished, published with your name and your permission.

Submit your writing or email contact@perfectnations.org

Sovereign Assets

Five assets no balance sheet counts.

Each is owned today, earns today, and can lift Vietnam closer to Perfect Capita.

  • 01

    The People

    101.6mCitizens, 2025

    39 in every hundred live in towns and cities; the rest live on the land they farm and fish.

  • 02

    The Land

    39.2%Of land in farms and pasture

    The land that feeds the nation, and the first place a citizen dividend can be earned.

  • 03

    The Forest

    47.1%Of land under forest

    Standing forest holds the water, soil and carbon that the world will pay to keep.

  • 04

    The Water

    3,606 m³Renewable fresh water per person

    Enough to supply every home, once it is stored, treated and piped.

  • 05

    The Power

    41.2%Of energy from renewables, 2021

    Sun, wind, water and biomass already carry part of the load; the rest is the opportunity.

What each asset is worth, and how far it can carry Vietnam toward Perfect Capita, is the question our research and our guests take up below.

Sovereign Assets

Design Studio · Perfect Capita

The Vietnam wheel: held at 45.4 by shelter

Vietnam: coverage of the seven basic living standardsFOOD90.6WATER58.6SHELTER45.4ENERGY91EDUCATION81.9HEALTH71LIVELIHOOD78.5COVERAGE45.4OF 100 · SET BY SHELTER
  • To setPerfect CapitaThe yearly cost, per person, of lifting everyone above the Living Line in all seven basic living standards, set with Vietnam in its own prices.
  • To setThe price of Perfect VietnamPerfect Capita times the population: the national bill, each year.
  • 45.4CoverageOut of 100, set by shelter, the standard Vietnam provides least.
  • ~55mThe GapVietnamese without a safely managed toilet at home: 55 in every hundred.

The Living LineThe poverty line measures income. The Living Line measures a life: food, water, shelter, energy, education, health and livelihood. Perfect Capita is the yearly cost, per person, of lifting everyone above the Living Line in all seven basic living standards. Coverage scores each standard strictly out of 100, and a nation is held at its weakest: Vietnam at 45.4, by shelter, with water at 58.6 and health at 71 next.

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.

The Research · Capital Architecture

Vietnam has just graduated to emerging-market status. Next, a safe toilet in every home.

The record in figures

  • $5BFTSE Russell upgrade to emerging-market status: Expected portfolio inflows in the first years, World Bank estimateFTSE Russell, 2026
  • $260.1MHai Phong City Resilience Development: Ring road, wastewater and flood protectionWorld Bank, 2026
  • $251.1MMekong Resilient Regional Connectivity: 251 kilometres of Delta highwaysWorld Bank, 2026
  • $155.5MSustainable Fisheries Development: Nine fishing ports modernisedWorld Bank, 2026
  • $145MIntegrated Resilient Development: Flood protection in Da Nang and Gia LaiWorld Bank, 2025

The register

  • MultilateralActiveHai Phong City Resilience DevelopmentApproved 4 September 2026$260.1M

    Ring road, wastewater and flood protection

    Protects the historic centre of Hai Phong from flooding and expands wastewater treatment.

    World Bank

    Source
  • MultilateralActiveMekong Resilient Regional ConnectivityApproved 9 September 2026$251.1M

    251 kilometres of Delta highways

    Keeps the Mekong Delta connected all year round.

    World Bank

    Source
  • MultilateralActiveSustainable Fisheries DevelopmentApproved 14 September 2026$155.5M

    Nine fishing ports modernised

    Supports sustainable, climate-resilient fishing and aquaculture.

    World Bank

    Source
  • MultilateralActiveIntegrated Resilient DevelopmentApproved 30 September 2025$145M

    Flood protection in Da Nang and Gia Lai

    Restores river channels and raises roads and bridges above the floods.

    World Bank

    Source
  • PrivateActiveFTSE Russell upgrade to emerging-market statusFirst tranche effective 21 September 2026$5B

    Expected portfolio inflows in the first years, World Bank estimate

    27 blue-chip companies entered the FTSE Global All Cap index; full inclusion is expected by September 2027.

    FTSE Russell

    Source

The Vietnam Newswire

State of Nations
Linh Tran, Nation Steward of Vietnam

Linh TranNation Steward of Vietnam · SI ResearcherEvery change is sourced and reviewed before it is published.

Capital Architecture

Design Studio · Enterprises

Already working in Vietnam.

Suggest an enterprise
  • In preparation

    The enterprises building Perfect Vietnam

    The Stewards are verifying the companies and social enterprises already delivering the seven basic living standards in Vietnam. Suggest one to include.

    Suggest an enterprise

Design Studio · Voices of Vietnam

Launching soon

The people already
building it.

The question every guest answers
“What does Vietnam already own, and how could it pay for a decent life for every citizen?”

We are looking for the people with real stories from Vietnam: the leaders who built something that works, and the keepers of local knowledge who know how their communities live, cope and thrive.

Nominate yourself Suggest a guest

The Vietnam Design Studio is open

Design Perfect Vietnam with us.

Share your vision, suggest a guest, or write to us. Every message receives a personal reply.

Enter the Perfect Nations Design Studio Write to us All 195 nations
Sources
  1. World Bank, World Development Indicators: population 2025, urban share, agricultural and forest land, renewable fresh water per person and renewable energy share, read 30 October 2026.
  2. Strict Perfect Capita inputs: FAO food insecurity, WHO/UNICEF water and sanitation, World Bank clean cooking, learning poverty and poverty lines, UNESCO completion and the WHO service coverage index (2023, via Our World in Data).
  3. International Monetary Fund and World Bank press releases for each register line, as linked.
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