outlooks lowered as weaker trade hampers 2023 growth

Outlooks lowered as weaker trade hampers 2023 growth

Slow recovery in domestic production and continued global challenges are expected to leave Vietnam behind its economic growth target this year, with international organisations lowering their forecasts.
adb singapore partner to develop clean energy

ADB, Singapore partner to develop clean energy

The Asian Development Bank (ADB) and the Energy Market Authority (EMA) of Singapore have signed an MoU that paves the way for the development of renewable energy generation and transmission across the Association of Southeast Asian Nations (ASEAN) region.
promoting ppp in economic and social infrastructure

Promoting PPP in economic and social infrastructure

The Party Central Committee's Economic Commission in collaboration with the Central Theoretical Council of the Communist Party of Vietnam and the Asian Development Bank (ADB) organised the workshop on promoting PPP in economic and social infrastructure in Vietnam, on July 11.
promoting development of economic corridors

Promoting development of economic corridors

Economic corridors have the potential to bridge infrastructure gaps, foster industrial growth, and promote economic diversification, playing a pivotal role in propelling Asia towards a more inclusive and sustainable growth trajectory.
adb highlights default risks in vietnams property markets

ADB highlights default risks in Vietnam's property markets

Vietnam's property equity index has experienced a significant decline of around a half since January, according to a recent report on East Asian bond markets released by the Asian Development Bank (ADB).
thailand 300 thb tourism fee remains in hands of new government

Thailand: 300 THB tourism fee remains in hands of new government

The new government of Thailand is expected to decide the fate of the 300 THB (8.69 USD) tourism fee, which remains uncertain because of roadblocks from unclear implementation.
adb switzerland grant 5 mln usd to support vietnam improve fintech

ADB, Switzerland grant 5 mln USD to support Vietnam improve fintech

The Asian Development Bank (ADB) and Switzerland have signed a cofinancing agreement of up to 5 million USD to develop financial technologies (fintech) that can help address low financial inclusion in Vietnam, particularly among small and medium-sized enterprises (SMEs).
oecd forecasts vietnams gdp growth at 65 per cent

OECD forecasts Vietnam's GDP growth at 6.5 per cent

The Organisation for Economic Cooperation and Development (OECD) expects Vietnam's economy to grow steadily, with GDP at 6.5 per cent in 2023 and 6.6 per cent in 2024.
key economic pillar issues tackled head on

Key economic pillar issues tackled head-on

The government will continue enacting new business solutions in a bid to spur economic growth, which struggled in the first quarter.
trade slowdown indicating current account deficit

Trade slowdown indicating current account deficit

A slowdown in Vietnam’s trade is expected to dent the country’s current account this year due to waning global demand and domestic production snags.
adb sets moderate 2023 growth outlook for vietnam

ADB sets moderate 2023 growth outlook for Vietnam

After a strong performance last year, the Vietnamese economy can expect moderate growth of 6.5 per cent this year, followed by a slight improvement to 6.8 per cent in 2024, according to a recent economic publication from the Asian Development Bank (ADB).
asean looks towards net zero emissions

ASEAN looks towards net zero emissions

The Asian Development Bank (ADB) and ASEAN Catalytic Green Finance Facility jointly held the Southeast Asia Development Symposium themed “Imagining a net-zero ASEAN” in Indonesia’s Bali on March 30.
adb agrees on loans for important projects in can tho

ADB agrees on loans for important projects in Can Tho

The Asian Development Bank (ADB) has agreed on loans for important projects in the Mekong Delta city of Can Tho.
helping small businesses to support global supply chains

Helping small businesses to support global supply chains

The lack of credit for small- and medium-sized enterprises to participate in global trade is stifling growth and making supply chains more vulnerable.
vietnams economy steadfast amid the headwinds

Vietnam’s economy steadfast amid the headwinds

The government and people of Vietnam well deserve their achievement of the highest economic growth record in more than a decade. Despite global economic concerns, inflationary pressure, currency depreciation and other current challenges, Vietnam’s economy grew at 8.02 per cent in 2022, according to the General Statistics Office. That was higher than the government’s initial target of 6-6.5 per cent, and Vietnam remains one of the fastest-growing economies in the region.