Collaboration required to steer towards recovery

Collaboration required to steer towards recovery

The pandemic severely impacted the global economy, with its aftermath becoming far worse than the Great Recession of the 1930s. In September, the Asian Development Bank (ADB) forecast that economies in East Asian nations would contract from 5.4 per cent in 2019 to -0.7 per cent in 2020 if the pandemic was controlled in the third quarter of the year.
ADB shakes hand with MVV Education to beef up e-learning for WSMEs

ADB shakes hand with MVV Education to beef up e-learning for WSMEs

The ADB has selected MVV Education to implement a special COVID-19 business counselling and training programme for 500 WSMEs in Vietnam.
ADB to provide sustainable water services in Vietnam

ADB to provide sustainable water services in Vietnam

The (ADB and BIWASE signed an $8 million loan to expand Tan Hiep WTP in Binh Duong province, one of the fastest-developing provinces of Vietnam.
ADB approves 2.5 million USD grant to support Vietnam’s disaster response

ADB approves 2.5 million USD grant to support Vietnam’s disaster response

The Asian Development Bank (ADB) has approved a 2.5 million USD grant to assist the Government of Vietnam in providing emergency and humanitarian services to residents affected by the recent floods in the country’s central region.
Resiliency pointing to positive growth outlook

Resiliency pointing to positive growth outlook

Despite the pandemic, a gradual bounce in production and confidence of businesses is expected to continue driving the economy to a brighter outlook next year.
ADB: MSMEs key to post-COVID-19 recovery in Southeast Asia

ADB: MSMEs key to post-COVID-19 recovery in Southeast Asia

A new report from the Asian Development Bank (ADB) shows that strengthening the dynamics of micro, small, and medium-sized enterprises (MSMEs) with innovation and internationalization will be key to revitalizing Southeast Asian economies devastated by the coronavirus disease (COVID-19) pandemic.
ADB, Phu Yen JSC sign Vietnam’s first certified green loan for 257 MW solar power plant

ADB, Phu Yen JSC sign Vietnam’s first certified green loan for 257 MW solar power plant

The Asian Development Bank (ADB) and Phu Yen TTP Joint Stock Company (Phu Yen JSC) on October 9 signed a 186 million USD loan to develop and operate a 257 megawatt (MW) solar power plant in the southern province of Phu Yen’s Hoa Hoi, through the country’s first certified green loan.
JICA-funded “LEAP” fund finances one of the largest solar power plants in Vietnam

JICA-funded “LEAP” fund finances one of the largest solar power plants in Vietnam

The ADB signed a loan agreement that utilises the LEAP fund by JICA to bankroll a solar power generation business in Vietnam.
Prime Minister welcomes new ADB Country Director

Prime Minister welcomes new ADB Country Director

Prime Minister Nguyen Xuan Phuc hosted a reception for Country Director of the Asian Development Bank (ADB) in Vietnam Andrew Jeffries in Hanoi on September 17, during which he expressed his hope that Jeffries will further enhance the Vietnam-ADB partnership.
ADB provides 1.5 billion USD loan to help Thailand fight COVID-19

ADB provides 1.5 billion USD loan to help Thailand fight COVID-19

The Asian Development Bank (ADB) announced on August 4 that it will provide a loan worth 1.5 billion USD to support Thailand’s response to the COVID-19 pandemic.
ADB approves 250 mln USD loan to back Cambodia’s COVID-19 response

ADB approves 250 mln USD loan to back Cambodia’s COVID-19 response

The Asian Development Bank (ADB) on July 8 approved a 250-million-USD loan to help the Cambodian government respond to the COVID-19 pandemic.
ADB believes Vietnam’s 2020 growth will still be highest in Southeast Asia

ADB believes Vietnam’s 2020 growth will still be highest in Southeast Asia

The Asian Development Bank (ADB) recently forecast that Vietnam’s economic growth this year would be 4.1 percent, 0.7 percentage points lower than its April estimate but still the highest expected in Southeast Asia.
ADB – HCM City’s important development partner: municipal leader

ADB – HCM City’s important development partner: municipal leader

Ho Chi Minh City appreciates contributions of the Asian Development Bank (ADB) to its socio-economic development, and always considers the bank an important development partner, a municipal leader has said.
More tinkering required for draft law on PPP

More tinkering required for draft law on PPP

Despite unprecedented revenue-risk allocation in the draft Law on Public-Private Partnerships, international developers are urging Vietnam to make additional changes ahead of the National Assembly’s adoption to increase future bankability. 
Economic rebound still outwith reach

Economic rebound still outwith reach 1

Asteep decline in business confidence is expected to contribute to a drop in economic growth this year, but the Vietnamese economy is projected to rebound significantly next year thanks to a surge in domestic production after the coronavirus pandemic.
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