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.
adb ventures to support startups in phu yen

ADB Ventures to support startups in Phu Yen

Startups in Phu Yen province will be able to access aid and investment capital as well as business development skills via the ADB Ventures – Supporting Impact Startups Project.
adb helps southeast asia revive tourism and boost sustainable inclusive investment

ADB helps Southeast Asia revive tourism and boost sustainable, inclusive investment

The Asian Development Bank (ADB) is doing its utmost to recover tourism and boost inclusive, sustainable development in the sector, and help local entrepreneurs, especially women and youth, adopt digital platforms to grow their tourism businesses.
developing asia growth outlook slightly down in 2021 2022

Developing Asia growth outlook slightly down in 2021-2022

The Asian Development Bank revised its economic growth outlook for developing Asia, down slightly to 7 per cent this year and 5.3 per cent next year, after renewed outbreaks of coronavirus disease led to slower growth in the third quarter.
major development partners join vietnam in building successful circular economy

Major development partners join Vietnam in building successful circular economy

Today, the Norwegian Embassy in Hanoi, its commercial section Innovation Norway, the Asian Development Bank (ADB) and the Vietnam Environment Administration (VEA) under the Ministry of Natural Resources and Environment (MoNRE) organised a webinar titled “Multi-stakeholders approach – a key to successful circular economy”.
adb approves 500 mln usd loan for indonesias economic recovery

ADB approves 500 mln USD loan for Indonesia’s economic recovery

The Asian Development Bank (ADB) has approved a 500 million USD loan to help Indonesia recover its economy following COVID-19 pandemic.
partners pledge 665 million to support green recovery in asean

Partners pledge $665 million to support green recovery in ASEAN

Four partners have collectively pledged $665 million towards a platform managed by the Asian Development Bank (ADB) that aims to mobilise an additional $7 billion for low-carbon and climate-resilient infrastructure projects in Southeast Asia and accelerate the region’s green recovery from the COVID-19 pandemic.
mobilising venture capital for private sector

Mobilising venture capital for private sector

The Asian Development Bank (ADB) and the Ministry of Planning and Investment (MPI) have launched the “ADB Ventures supporting impact startups” project today, which is expected to release venture capital for the private sector of Vietnam.
removing roadblocks to oil and gas investment ventures imperative for development

Removing roadblocks to oil and gas investment ventures imperative for development

Investment ventures in oil and gas are facing mounting hardships from COVID-19 and overlapping legal documents, and lag behind the fast-changing investment environment. It is urgent for roadblocks to be removed in time to enable the oil and gas sector to contribute to the national economy and ramp up its charm in the eyes of investors.
adb bullish on vietnams economic growth despite covid 19 slowdown

ADB bullish on Vietnam's economic growth despite COVID-19 slowdown

Vietnam’s economic growth is expected to slow down due to a resurgence of the coronavirus pandemic that has tightened the labour market, lowered industrial output, and disrupted agricultural value chains, the Asian Development Bank reported.
minimising roadblocks for construction progress

Minimising roadblocks for construction progress

Several construction contractors such as Delta, Vinaconex, Cienco4, Eurowindow, and Phuc Hung Holdings have been urging the Vietnam Association of Construction Contractors and the prime minister to address their current challenges. Particularly, the outbreak has pushed these contractors to halt their operation, delayed their progress, and caused significant costs.
helping small businesses and female entrepreneurs endure

Helping small businesses and female entrepreneurs endure

After avoiding the worst of the pandemic’s economic impacts for over a year, Vietnam is now facing its worst outbreak. The General Statistics Office reported that retail sales of goods and services fell 20 per cent between last and this July, and in the July supplement to the Asian Development Outlook, the Asian Development Bank lowered its forecast for Vietnam’s economic growth for 2021 from 6.7 to 5.8 per cent. Further downward revisions are likely if lockdowns persist.
adb commits 60 million to improve climate infrastructure for ethnic minorities in vietnam

ADB commits $60 million to improve climate infrastructure for ethnic minorities in Vietnam

ADB has just approved $60 million to improve the climate resilience of transport and water supply infrastructure in Vietnam’s south-central coastal provinces of Binh Dinh and Quang Nam, especially in remote uplands with large ethnic minority communities.
covid 19 threatens asia pacifics progress on sdgs

COVID-19 threatens Asia-Pacific's progress on SDGs

The pandemic is threatening Asia-Pacific’s progress towards the fulfilment of the critical targets under the Sustainable Development Goals (SDGs), according to a new report by the Asian Development Bank (ADB).
carmakers ride on despite sales dip

Carmakers ride on despite sales dip

Famous automakers are pushing on with plans to launch new models and promotions in Vietnam despite the pandemic roadblocks, thanks in part to positive results made over the first half of the year.