Vietnam is forecast to lose some 0.41% of GDP due to the novel coronavirus (COVID-19) outbreak, according to the latest report by the Asian Development Bank (ADB).
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.
The Asian Development Bank (ADB) has approved an extra US$2 million in aid to help Vietnam and other developing countries in the Asia–Pacific region to contain the coronavirus outbreak.
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.
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 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.
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.
VOV.VN - Prime Minister Nguyen Xuan Phuc has underscored the vital role of international integration in Vietnam’s ongoing socio-economic development, noting how it contributes to maintaining peace and political and social stability.
A delegation from the Asian Development Bank (ADB) had a working session with the People’s Committee of Binh Duong on February 22 to discuss cooperation in investing in environmental projects in the southern province.
The implementation of the second phase of a health care project in the Central Highlands provinces was reviewed at a conference held in Da Lat city on January 11.
The Asian Development Bank (ADB) has approved a US$100 million loan to develop Vietnam’s finance sector, aiming to support long-term economic growth and tackle rising income inequality.
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.
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.
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.
The Mekong Innovative Startups in Tourism (MIST) will support 10 innovative travel and hospitality companies in 2018.
Vietnam owns special advantages, especially in the IT sector, which can be a basis for the development of financial technology (fintech) towards financial inclusion, according to Dominic Mellor, senior economist of the Asian Development Bank (ADB).
Twenty-two embassies and international organisations in Vietnam will sign a code of conduct on plastic pollution prevention on June 4 to mark World Environment Day (June 5), according to the Canadian Embassy in Vietnam.
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.
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 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.