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.
going on the attack for a self reliant economy

Going on the attack for a self-reliant economy

As with most economies in the region, Vietnam has been facing unprecedented struggles this year. However, with regional recovery, the nation may still see a growth rate close to its expectations.
vietnams economic growth forecast lowered for 2021

Vietnam's economic growth forecast lowered for 2021

Vietnam's GDP growth forecast has been downgraded by Standard Chartered and the Asian Development Bank (ADB) by 0.2 and 0.9 percentage points, respectively.
vietnams ppp law is up and running

Vietnam’s PPP law is up and running

Despite significant gains in the last decade, Vietnam’s infrastructure lags regional peers such as Indonesia, Malaysia, and Thailand.
new report shows potential 20 per cent gdp gain via connecting schools

New report shows potential 20 per cent GDP gain via connecting schools

Nations with low broadband connectivity have the potential to realise an increase in GDP by up to 20 per cent by connecting schools to the internet, according to an Economist Intelligence Unit (EIU) report sponsored by Ericsson.
immersive experiences in sports with 5g

Immersive experiences in sports with 5G

Service providers are looking to deliver improved and immersive experiences to satisfy consumers’ heightened enthusiasm and expectations of exciting new 5G-enabled services and enhanced mobile broadband. Denis Brunetti, president of Ericsson Vietnam, Myanmar, Cambodia, and Laos, delves into how 5G stadiums will revolutionise the experience, bringing a real-time, immersive experience to fans at the venue and beyond.