Keyword: "ADB"

According to a press release by the bank, there will be up to 3 million USD sent to Sri Lanka; 2 million USD to Thailand; and 2 million USD to Vietnam.

Vietnam’s PPP model will play an increasingly critical role in delivering modern, sustainable and resilient infrastructure. Success will depend on strong leadership, a robust institutional framework, high-quality project preparation capacity and trusted partnerships, said ADB Country Director for Vietnam Shantanu Chakraborty.

The programme is expected to prevent up to 2.5 million tonnes of carbon dioxide (CO₂) emissions each year and support the vision of the Association of Southeast Asian Nations (ASEAN) Power Grid by creating a grid that allows large-scale integration of renewable energy and functions as vital national infrastructure for ASEAN countries.

The ADB said the downward revisions to growth and inflation forecasts reflect persistent economic challenges and a gradual easing of inflationary pressures.

In its latest Asian Development Outlook (ADO) report, ADB projects Thai GDP to expand 2% this year, down from 2.9% forecast in April, with the economy slowing in the second half as front-loaded shipments to the US end.

The Asian Development Bank (ADB) has raised its forecast for Vietnam’s economic growth in 2025 to 6.7% from previous 6.6% on the back of service, agriculture, and foreign direct investment (FDI), despite global policy uncertainties.

The bank has also revised Vietnam’s economic growth forecast, raising it to 6.7% in 2025 and adjusting to 6.0% in 2026. Inflation projections are slightly below the previous estimates published in April this year.

Vietnam’s economic outlook for 2025 has been revised upward by the Asian Development Bank (ADB), which now expects the economy to expand by 6.7%, slightly higher than its April forecast of 6.6%.

The World Bank has allocated 2.5 billion USD, while the Asian Development Bank has set aside 10 billion USD to support green projects in ASEAN, said Malaysian Deputy Prime Minister Datuk Seri Fadillah Yusof.

After nearly four decades of “Doi moi” (renewal) with achievements recognised by the international community, Vietnam moved from a low-income to a middle-income country. This is a historic milestone, but also the beginning of a more complex and challenging development stage.

Despite significant global challenges, Vietnam has achieved remarkable economic progress in recent years, the Asian Development Bank (ADB)'s Country Director for Vietnam Shantanu Chakraborty has said.

The Asian Development Bank (ADB) on August 25 said it has signed with GSA Data Centre 01 Company Limited (GSA) a loan of 900 million THB (about 27.8 million USD) to fund the development, construction, and operation of a 25.6-megawatt colocation green data centre in Thailand.

The meeting welcomed ADB’s readiness to invest up to 10 billion USD of its own resources over the next decade in support of the APG, including crossborder interconnections, and other APG-related investments (domestic grid strengthening and renewable energy for power export). It also also welcomed investment from the WB through its 2.5 billion USD "Accelerating Sustainable Energy Transition Multi-Phase Programmatic Approach (ASET-MPA)" programme, approved in 2024 to ramp up renewable energy and promote power trade across the region.

The project will help finance the delivery of monthly electronic food vouchers to 750,000 food-insecure households nationwide, the bank said.

The loan will be used to increase the plant’s capacity from 30,000 to 80,000 cubic metres per day, ensuring a reliable supply of clean water for residents, as well as for the growing number of commercial and industrial users.

Vietnam's economy is expected to maintain its resilience through 2025 and 2026, although growth may slow in the near term due to tariff pressure, according to the Asian Development Bank (ADB).

According to ADB, more than 1 billion people across Asia and the Pacific still lack access to basic health services, with millions pushed into poverty due to healthcare costs.

The Asian Development Bank (ADB) and the Global Energy Alliance for People and Planet (GEAPP) on June 12 announced a grant agreement to establish Enhancing Access to Battery Energy Storage System (BESS) for Low-carbon Economies (ENABLE), a platform dedicated to accelerating battery storage deployment across the Asia – Pacific region.

Speaking at a meeting with representatives from ministries, agencies, international institutions, banks, investment funds and investors in Hanoi, Binh said that the Government of Vietnam is committed to always accompanying businesses, creating the most favourable conditions for enterprises to expand their investment in international financial centres in Vietnam as well as invest in other ecosystems that they are interested in.

WB and ADB are long-standing strategic development partners of Vietnam, having supported the country’s poverty reduction, infrastructure development, governance, and sustainable development goals for decades.