World

ADB provides 500 mln USD of emergency loan for Philippines

The Asian Development Bank (ADB) has approved a 500- million USD emergency loan for the Philippines' immediate reconstruction and rehabilitation efforts in the aftermath of typhoon Haiyan.
The Asian Development Bank (ADB) has approved a 500- million USDemergency loan for the Philippines' immediate reconstruction andrehabilitation efforts in the aftermath of typhoon Haiyan.

In a statement, ADB said the funds will be used by the government tosupport five priority areas, including shelters and reconstruction,power restoration, livelihoods and employment, resettlement and psycho-social care, and environmental protection.

ThePhilippine government has increased the budget for rebuilding the areasdevastated by typhoon Haiyan to 40.9 billion pesos (935.2 million USD),according to Herminio Coloma Jr., Secretary of the Philippines'Presidential Communications Operations Office.

Thetotal reconstruction will take three to five years, depending on thepace of the support system and the projects implemented, said NationalDisaster Risk Reduction and Management Council Executive DirectorUndersecretary Eduardo del Rosario.

Thelatest government assessment of damage caused by Haiyan showed that some30.6 billion pesos worth of infrastructure and agriculture products andfacilities were destroyed.

The NationalDisaster Risk Reduction and Management Council said 5,632 people havebeen confirmed dead, while 1,759 are still missing.-VNA
Follow VietnamPlus

See more

Cambodia spends over 70 mln USD on coffee bean imports

Cambodia spends over 70 mln USD on coffee bean imports

According to the Cambodian Ministry of Agriculture, Forestry and Fisheries, the country imports around 10,000 tonnes of coffee annually, mainly from Vietnam, Thailand, Laos, France, Italy, the US, Malaysia, Singapore, the Republic of Korea and Australia.

IMF-World Bank meetings give Thailand fresh year-end tourism boost

IMF-World Bank meetings give Thailand fresh year-end tourism boost

The events provide an opportunity to showcase Thai culture, performing arts and attractive destinations to international delegates, especially those visiting the country for the first time. The government hopes these experiences will encourage delegates to return to Thailand in the future, helping to raise the country’s international tourism profile.

A corner of Phnom Penh (Photo: Pexels)

Cambodia optimistic about economic prospects

Cambodia’s national treasury currently held at least 2.5 billion USD in reserves. In the first nine months of 2026, its state budget revenue exceeded 5 billion USD, averaging 500-600 million USD per month.

(Photo: pib.gov.in)

India, ASEAN step up talks to upgrade trade in goods agreement

India and ASEAN signed AITIGA in 2009 to promote trade liberalisation and expand economic ties. However, changes in trade patterns, supply chains and the global economic environment have created a need to update the agreement to reflect current conditions.

Cambodia seeks to improve healthcare quality, support people

Cambodia seeks to improve healthcare quality, support people

Speaking at a ceremony on October 7 marking the 80th anniversary of the University of Health Sciences in Phnom Penh, PM Hun Manet said more than 2.25 million women had benefited from government cash support from pregnancy until their children turn two in the first half of 2026.

Bangkok named world's best city for 2026

Bangkok named world's best city for 2026

Bangkok scored 97.68 points, surpassing Paris of France with 97.14 points and Istanbul of Türkiye with 96.67 points, which ranked second and third, respectively, according to the magazine's latest poll.

Ambassador Do Hung Viet, Permanent Representative of Vietnam to the UN, speaks at the general debate of the Third Committee of the 81st session of the UN General Assembly in New York on October 6, 2026. (Photo: VNA)

Vietnam, ASEAN highlight inclusive social development at UN

ASEAN will continue to work closely with the UN under the ASEAN–UN Plan of Action for 2026–2030, helping translate commitments to social development into concrete and sustainable outcomes and bring tangible improvements to people's lives, particularly those of vulnerable groups, Ambassador Do Hung Viet affirmed.

Indonesia expand carbon market incentives

Indonesia expand carbon market incentives

Coordinating Minister for Food Zulkifli Hasan outlined three primary sectors open to green investment, including sustainable agriculture through low-emission rice cultivation, waste-to-energy processing, and marine conservation through blue carbon development.