vietnam ranks 63rd out of 113 economies in new global index of digital entrepreneurship systems

Vietnam ranks 63rd out of 113 economies in new global index of digital entrepreneurship systems

Vietnam is ranked 63rd out of 113 global economies in a global ranking of digital environment and support systems for entrepreneurs, a new index developed by the Asian Development Bank (ADB).
strong economic fundamentals are key to fast recovery in vietnam

Strong economic fundamentals are key to fast recovery in Vietnam

Vietnam’s economic recovery has been faster than expected and continues despite the challenges of the world's socioeconomic issues.
bot procedure roadblocks hindering venture progress

BOT procedure roadblocks hindering venture progress

Investors of build-operate-transfer (BOT) infrastructure ventures with a completed construction phase are facing legal roadblocks in stake transfer, impeding capital flow circulation as well as narrowing their prospects of joining other projects.
additional oil spike impacts cannot be ruled out

Additional oil spike impacts cannot be ruled out

The Russia-Ukraine conflict has increased global oil market volatility. The economic impact of another oil price shock, should it materialise, would be significant.
removing roadblocks to vietnams blockchain game development

Removing roadblocks to Vietnam’s blockchain game development

At the Legal Updates for the Vietnamese NFT Games talk show, experts from game development firms including FOTA, HOBBIT Investment, and DJinn Guild Game discussed legal updates to foster blockchain game projects in Vietnam. The feeling is that a lack of knowledge and confidence is hindering the development of prospective blockchain game projects in the nation.
inflationary pressures stalking national economy

Inflationary pressures stalking national economy

Vietnam is being warned of an inflation increase this year due to great pressure on rising prices of commodities used for domestic production, affecting consumption recovery and growth.
debunking the mandatory credit rating misconceptions

Debunking the mandatory credit rating misconceptions

There have been growing concerns that Vietnam’s fast-growing corporate bond market is harbouring financial risks. The single most important step that the government could take to improve the transparency, safety, and sustainability of the corporate bond market is to mandate public credit ratings for all publicly and privately traded bonds.
adb vietnam set for a strong economic rebound

ADB: Vietnam set for a strong economic rebound

The Asian Development Bank (ADB) maintained its forecast for Vietnam’s GDP growth at 6.5 percent in 2022 and projected the economy to further expand by 6.7 percent in 2023.
digitalisation placed on asean agenda

Digitalisation placed on ASEAN agenda

With the entire ASEAN just agreeing upon upgrading trade, investment, and digital cooperation as one of the key pillars for boosting intra-bloc ties, Vietnam is offering many opportunities to further develop its digital economy, facilitating economic activities.
vib raises 260 million in loan agreement

VIB raises $260 million in loan agreement

The Asian Development Bank (ADB) and Vietnam International Bank (VIB) have announced a $260 million syndicated loan agreement to enhance financing for small- and medium-sized enterprises (SMEs), private businesses, and individual customers.
southeast asias road to recovery

Southeast Asia’s road to recovery

Before the pandemic struck, Southeast Asia had been a global success story in fostering growth and reducing poverty. Ramesh Subramaniam, director general of the Southeast Asia Department of the Asian Development Bank, discusses how the region can now begin to recover with more buoyant growth.
adb tpb sign 25 million loan to finance women led smes in vietnam

ADB, TPB sign $25 million loan to finance women-led SMEs in Vietnam

The Asian Development Bank (ADB) signed a US$25 million loan with Tien Phong Commercial Joint Stock Bank (TPB) to expand access to finance of women-owned and led small and medium-sized enterprises (WSMEs) in Vietnam.
vietnams economy to rebound in new year

Vietnam’s economy to rebound in new year

Vietnam saw GDP contract by 6.2 per cent in Q3 2021, which dragged the country’s GDP growth for the first nine months of the year to a historic low of 1.4 per cent.
price hikes leaving constructors short of building materials to be stabilised

Price hikes leaving constructors short of building materials to be stabilised

The unexpected price hikes of important building materials pose roadblocks to constructors. Moreover, the construction price index climbed by 3.65 per cent in the first nine months of 2021 on-year.
adb revises down malaysias economic growth forecast in 2021

ADB revises down Malaysia’s economic growth forecast in 2021

The Asian Development Bank (ADB) has downgraded Malaysia's gross domestic product (GDP) growth forecast to 3.8 percent from 4.7 percent for 2021 and 5.9 percent from 6.1 percent next year.