Not much value in reducing interest rates in Vietnam: ADB
The Asian Development Bank (ADB) does not see much value in reducing interest rates further in Vietnam, ADB country director for Vietnam Shantanu Chakraborty said at a press conference on Thursday.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
ADB retains Vietnam's GDP growth forecast at 6% for 2024
The Asian Development Bank (ADB) has retained Vietnam's economic growth forecast this year at 6%, the bank said in its April 2024 edition of the Asian Development Outlook (ADO).
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Int’l agencies outline transition pathways for Vietnam’s coal-fired power plants
International organizations and financiers have gathered in Hanoi to discuss transition options for a number of coal-fired power plants in Vietnam as the country is moving to meet its net-zero emissions target by 2050.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
ADB pledges $3 bln in 2024-2026 assistance to Vietnam
The Asian Development Bank (ADB) is fully committed to supporting Vietnam's long-term development goals, ADB president Masatsugu Asakawa said on Wednesday during his first official visit to Vietnam.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
ADB to step up support for Vietnam’s green transition: president
Masatsugu Asakawa, president of the Asian Development Bank (ADB), pledged continued support for Vietnam’s green transition during a Tuesday visit to the Selex electric motorbike plant in Hanoi.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
ADB plans $2.1 bln to aid Vietnam’s energy transition, climate change adaptation
The Asian Development Bank (ADB) plans to offer technical assistance and $2.1 billion for Vietnam’s climate change adaptation per the country’s Nationally Determined Contributions commitment and energy transition.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Danang signs agreements with USAID, ADB to enhance development cooperation
Danang, a leading beach city in central Vietnam, signed separate memorandums of understanding (MoUs) with the U.S. Agency for International Development (USAID) and the Asian Development Bank (ADB) Friday to beef up their development cooperation.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam eyes 23 loans worth $4 bln from ADB for 2024-2026
The Ministry of Finance has urged the Asian Development Bank (ADB) to continue its cooperation with Vietnamese authorities to boost the process of loan signings, as the lender’s 2024-2026 portfolio features 23 projects in Vietnam worth $4 billion.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
$254 mln wind power project generates annual ‘positive impacts’ worth $14 mln: ADB
The 144-megawatt, $254.2 million Lotus Wind Power project has contributed $89.6 million to Vietnam’s GDP during construction and generated benefits of $13.9 million annually since it became operational.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
BII, ADB launch $100 mln green trade finance partnership for Asia, including Vietnam
British International Investment (BII), the UK government’s development finance institution and impact investor, and the Asian Development Bank (ADB) on Thursday announced a new partnership to finance up to $100 million of green trade transactions in the Asia-Pacific region.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam GDP growth can reach 5-6.7% in 2024: finance institutions
Foreign organizations have expressed a positive outlook about Vietnam’s GDP growth next year on the basis that the country’s economic growth is likely to surpass 5% this year as forecast by Party General Secretary Nguyen Phu Trong.
A year in review and 2024 forecasts - Mon, Dec 22, 2021 | 11:30 am GMT+7
ADB revises Vietnam 2023 growth downwards to 5.2%
The Asian Development Bank (ADB) has revised Vietnam’s 2023 GDP growth down to 5.2% from its September estimate of 5.8% but maintained its 6% forecast for next year.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
JICA, ADB to launch $1.5 bln infrastructure fund, Vietnam in focus
The Asian Development Bank (ADB) and the Japan International Cooperation Agency (JICA) will establish the Leading Asia's Private Infrastructure Fund 2 (LEAP 2) with the capital of up to $1.5 billion, the duo announced Friday.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Goldman Sachs finances $14 mln in Vietnam sustainability, kickstarts $350 mln funding
The Climate Innovation & Development Fund (CIDF), launched by Goldman Sachs and Bloomberg Philanthropies and managed by the Asian Development Bank (ADB), has financed $14 million for four projects in Vietnam.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam local currency bond markets grows 3.9% in Q3, yields up
Vietnam’s local currency (LCY) bond market grew 3.9% quarter-on-quarter in the third quarter, driven by the State Bank of Vietnam (SBV) resuming issuance of treasury bills.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Fitch Ratings forecasts Vietnam economy to grow 6.3% in 2024
Vietnam’s economy is predicted to grow 6.3% in 2024 and 7% in 2025 thanks to support from domestic fiscal and monetary policies, following a slowdown in 2023, Fitch Ratings has said.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s economic growth can reach 5% in 2023, 6.3% in 2024: HSBC
Vietnam can reach economic growth of 5% in 2023 and 6.3% in 2024, said Frederic Neumann, HSBC's chief Asia economist and co-head of Global Research Asia, at a Monday event held by the bank.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam central bank effectively manages interest rates: ADB
The State Bank of Vietnam (SBV) has been effectively managing interest rates after cutting them four times this year, going against the global trend of rate hikes, according to the Asian Development Bank (ADB).
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
ADB revises down Vietnam’s GDP growth forecast to 5.8% in 2023, 6% in 2024
The Asian Development Bank (ADB) has revised down Vietnam’s economic growth forecast to 5.8% in 2023 and 6% in 2024 in its September edition of the Asian Development Outlook (ADO).
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
ADB, GreenYellow sign deal for commercial and industrial rooftop solar in Vietnam
The Asian Development Bank (ADB) and GreenYellow Smart Solutions Vietnam have signed a loan agreement of up to $13.8 million for rooftop photovoltaic (PV) solar systems to help increase the supply of clean and affordable energy for commercial and industrial consumers in Vietnam.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
VPBank secures $300 mln loan from US gov’t development agency
VPBank, the largest bank in Vietnam in terms of charter capital, has struck a deal on a $300 million loan from US International Development Finance Corporation (DFC), the U.S. government’s development finance institution, to ramp up its operations.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Renewable energy manufacturing offers huge opportunity to Southeast Asia: study
Southeast Asia, which includes Vietnam, could lose up to 30% of its GDP by 2050 due to increases in global temperature and extreme weather events, but bolstering its renewable energy manufacturing would help regional nations in several aspects, according to a new report.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam tops Southeast Asia in solar photovoltaic supply: ADB
Vietnam is the top solar photovoltaic (solar PV) supplier in Southeast Asia, accounting for 5% of the global supply, according to the Asian Development Bank (ADB).
Investing - Mon, Dec 22, 2021 | 11:30 am GMT+7
ADB appoints new country director for Vietnam
The Asian Development Bank (ADB) has appointed Shantanu Chakraborty as its new country director for Vietnam, the bank said in a release.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
ADB lowers Vietnam growth forecast to 5.8%
The Asian Development Bank (ADB) on Wednesday revised its Vietnam growth forecast down to 5.8% for 2023 and 6.5% for 2024, from 6.5% and 6.8% in April, respectively.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Major institutions, firms team up to promote clean energy in SE Asia
Southeast Asia’s development of renewable energy generation and transmission, of which Vietnam will be both a buyer and seller, is gathering more forces to advance.
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
ADB invests $15 mln in ocean-based aquaculture in Vietnam
The Asian Development Bank (ADB) and Australis Holdings have signed a $15 million convertible note to promote climate-resilient, ocean-based barramundi, and seaweed aquaculture in Vietnam.
Industries - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam business opportunities aplenty in ascendant SEAsia: HSBC exec
Southeast Asia remains the world’s growth engine, and as an important economy in the region, Vietnam offers a lot of business opportunities in key areas, said HSBC Asia-Pacific’s Commercial Banking head for South and Southeast Asia, Amanda Murphy.
Executive Talk - Mon, Dec 22, 2021 | 11:30 am GMT+7
Corporate bonds in Vietnam recover strongly in Q1 as issuance rules eased
The issuance of corporate bonds in Vietnam expanded nearly 640% in Q1/2023 compared to Q4/2022 thanks to easier rules, the Asian Development Bank (ADB) said in its Asia Bond June 2023 report.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
ADB scales up corporate finance lending in Asia
The Asian Development Bank (ADB) is ramping up its lending to the private sector and financial institutions across the continent via its Private Sector Operations Department, or PSOD.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Startups in Vietnam offered abundant venture capital
Companies headquartered in different countries have successfully secured more investment funds from venture capital firms and other sources for business in Vietnam, a new global production base with a population of 100 million people.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
ADB, Switzerland sign $5 mln cofinancing deal to help Vietnam SMEs
The Asian Development Bank (ADB) and Switzerland signed a cofinancing agreement of $5 million Thursday to nurture fintech that can help address low financial inclusion in Vietnam, particularly among small- and medium-sized enterprises, or SMEs.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
ADB provides loans, grants of $785 mln to Vietnam in 2022
The Asian Development Bank (ADB) provided loans and grants of $785.4 million to Vietnam last year, according to the bank’s annual report 2022.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam battery, EV maker nets $3 mln from ADB Ventures, others
Selex, a Vietnamese maker of electric two-wheelers and battery packs, has raised $3 million in a convertible note round from the Asian Development Bank’s venture capital arm ADB Ventures and other investors.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
New ADB partnership prioritizes Vietnam energy storage efforts, Indonesia coal phase-out
Vietnam’s energy storage initiatives will benefit from a new $35 million capital fund from the Asian Development Bank (ADB) and non-profit Global Energy Alliance for People and Planet (GEAPP).
Energy - Mon, Dec 22, 2021 | 11:30 am GMT+7
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