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Vietnam among fastest growing economies in Asia despite COVID-19: ADB

Vietnam among fastest growing economies in Asia despite COVID-19: ADB

VOV.VN - The Asian Development Bank (ADB) released its Asian Development Outlook 2020 on April 3, outlining in their analysis that the Vietnamese economy remains one of the fastest growing in all of Asia, despite enduring a sharp slowdown as a result of the novel coronavirus (COVID-19) pandemic.

Economy growing against the flow

Economy growing against the flow

Despite serious blows from the the global health epidemic, Vietnam’s lowered economic growth this year is nevertheless expected to remain far higher than that of regional nations due to its great efforts to create a business-friendly climate, and the knock-on implications of free trade agreements.

Vietnam needs new approaches to fund development: ADB expert

Vietnam needs new approaches to fund development: ADB expert

As Vietnam is estimated to need an average of 210 billion USD for infrastructure per year through 2030 to meet its development targets, an Asian Development Bank (ADB) expert suggested the country should adopt new approaches to get the huge capital.

ADB provides loan for 50MW solar power plant in Tay Ninh

ADB provides loan for 50MW solar power plant in Tay Ninh

The Asian Development Bank (ADB) has signed a 37.8 million-USD loan deal with TTC Energy Development Investment JSC (TTC Energy) to provide long-term financing to develop and operate a 50-MW photovoltaic solar power plant in the southern province of Tay Ninh.

ADB, partners fund TTC Energy’s solar power plant

ADB, partners fund TTC Energy’s solar power plant

The Asian Development Bank (ADB) has recently signed a US$37.8 million loan deal with TTC Energy Development Investment JSC to provide long-term financing to develop and operate a 50-megawatt (MW) photovoltaic solar power plant in the southern province of Tay Ninh.

ADB affirms economic growth potential of Vietnam

ADB affirms economic growth potential of Vietnam

The Asian Development Bank has revised up its forecast of Vietnam’s GDP growth for 2019 and 20202 from 6.8 percent to 6.9 percent and 6.7 percent to 6.8 percent, respectively, in contrary with projections for Asia.

A solution for solar power development

A solution for solar power development

Vietnam has offered a very high price for solar power to attract investment in this energy segment, but the country now has to recalculate the pricing to ensure sustainable development for this renewable energy.

ADB forecasts Vietnam's GDP to grow by 6.9 per cent during 2019

ADB forecasts Vietnam's GDP to grow by 6.9 per cent during 2019

VOV.VN - In a supplementary edition of the Asian Development Outlook 2019 Update (ADOU2019) published on December 11, the Asian Development Bank (ADB) has revised its GDP growth forecast for Vietnam from 6.8 per cent to 6.9 per cent for the year, and from 6.7 per cent to 6.8 per cent for 2020.

Auction could determine future of solar initiatives

Auction could determine future of solar initiatives

After months of uncertainty over the policy, the much awaited next round of purchase prices in solar power may be set through auction instead of enjoying the same feed-in tariff required elsewhere. The auction method may set the country up for greater clarity and fewer investor risks in the sector.

Vietnam’s local currency bond market hits US$55.1 billion

Vietnam’s local currency bond market hits US$55.1 billion

VOV.VN - Vietnam’s local currency bond market during the third quarter of 2019 peaked at US$55.1 billion in paper outstanding, increasing by 3.4 percent on quarter and 1.9 percent on year in local currency terms, the Asian Development Bank (ADB) noted on November 20.

ADB expert identifies ways to make HCMC a financial hub

ADB expert identifies ways to make HCMC a financial hub

An expert at the Asian Development Bank (ADB) has recommended several ways to help transform HCMC into a financial center, including developing a comprehensive legal framework, creating a solid market infrastructure and ensuring monetary policy independence.

IFC, ADB pledge to continue support for Vietnam

IFC, ADB pledge to continue support for Vietnam

The International Finance Corporation (IFC) and the Asian Development Bank (ADB) pledged to provide further support for Vietnam while meeting with Politburo member and Chairman of the Party Central Committee’s Economic Commission Nguyen Van Binh in Hanoi on November 7.