In the last 30 years, Vietnam has become one of the world’s great development success stories. The country has risen from the ranks of the poorest on the strength of a nearly 7% average growth rate and targeted government policies. As it moves to a market-based public debt management environment with a broad range of borrowing choices, Vietnam has partnered with the World Bank Treasury through the Government Debt and Risk Management Program to improve its Public Debt Law to support investment in infrastructure and social programs.