ADB keeps Vietnam 2022 growth forecast unchanged at 6.5%
The Asian Development Bank (ADB) has maintained its favorable economic outlook for Vietnam as it forecasts the country's gross domestic product to expand 6.5% in 2022 and 6.7% in 2023.
The Asian Development Bank (ADB) has approved up to 4.3 billion USD to help finance the construction of nearly 55 km of modern suburban railway line connecting Metro Manila with the city of Calamba in the Philippines.
A green recovery from the COVID-19 pandemic in Southeast Asia has the potential to create 172 billion USD in investment opportunities annually and generate more than 30 million jobs by 2030, according to a new report by the Asian Development Bank (ADB).
ADB experts have said growth is being pushed by the continuously broadening trade and the more-than-expected recovery of the production and manufacturing sector. This growth is also coupled with the increasing domestic travel and disbursement of the public investment, trending growth skyward.
