Tags: asian development bank

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.

Vietnam’s bond market continues growth

Vietnam’s bond market continues growth

Vietnam’s local currency bond market grew 2.6 percent to 52.9 billion USD in the second quarter of this year, after a 0.7 percent expansion in the first quarter.

Fintech needs improved legal framework: experts

Fintech needs improved legal framework: experts

To develop financial technology, a comprehensive legal framework and cooperation between banks and fintech businesses are required, experts told a conference organised by the State Bank of Vietnam (SBV) and Asian Development Bank (ADB) in Ho Chi Minh City on September 10.

HDBank receives green finance award

HDBank receives green finance award

HDBank has recently been awarded the Green Deal Award by the Asian Development Bank in Singapore, making this the first time a Vietnamese participating financial institution of ADB has won this award.

Solutions sought to accelerate disbursement of ODA

Solutions sought to accelerate disbursement of ODA

The ODA National Steering Committee held a meeting with donors in Hanoi on June 17 to seek solutions to speed up the disbursement of ODA capital and preferential loans, which has showed signs of slowing down in recent years.

Vietnam targets effective ODA use, management

Vietnam targets effective ODA use, management

Vietnam will focus on handling bottlenecks and promoting the disbursement and effective use of official development assistance (ODA) and preferential loans from donors between 2018 and 2020, per a plan recently approved by Prime Minister Nguyen Xuan Phuc.

US Vemani Group buys 20% stake in Vietnamese fintech firm

US Vemani Group buys 20% stake in Vietnamese fintech firm

Vemanti Group, Inc., a technology-driven holding company, has entered into a definitive agreement to take 20% equity interest in eLoan JSC (eLoan), a Ho Chi Minh City-based fintech company. The deal’s value has yet to be disclosed.

ADB helps Vietnam develop green, resilient cities

ADB helps Vietnam develop green, resilient cities

The Asian Development Bank (ADB) and the provincial People’s Committees of Ha Giang, Vinh Phuc and Thua Thien-Hue on July 6 signed project agreements totaling US$223.87 million for the Secondary Green Cities Development Project.

MIST supports 10 travel companies

MIST supports 10 travel companies

The Mekong Innovative Startups in Tourism (MIST) will support 10 innovative travel and hospitality companies in 2018.

Vietnam needs more ADB funding for private sector

Vietnam needs more ADB funding for private sector

Vietnam is persuading international financial institutions, including the Asian Development Bank (ADB), to expand their funding for the local private sector and reduce government guarantees for those activities, since Vietnam is among the countries that will stop being funded by ADB in 2019 due to becoming a middle-income economy.

PPP infrastructure investment should be promoted: official

PPP infrastructure investment should be promoted: official

Encouraging investment in infrastructure in the form of public-private-partnership (PPP) is necessary to tap into domestic and foreign capital sources and technology, said Deputy Minister of Planning and Investment Vu Dai Thang.

Deputy PM chairs meeting on use of WB, ADB loans

Deputy PM chairs meeting on use of WB, ADB loans

Deputy Prime Minister and Foreign Minister Pham Binh Minh chaired a meeting in Hanoi on May 2 to review and accelerate the launch of 26 projects using loans from the World Bank (WB) and Asian Development Bank (ADB) for 2017-2018.