Tourism in Vietnam and other countries in the lower part of the Mekong River such as Myanmar, Cambodia, Laos and Thailand has been booming in recent years, which is expected to help Vietnam draw investment from diverse sources both at home and abroad.
Business leaders and economic experts discussed how an open economy like Vietnam should deal with risks and impacts in the wake of international economic and technological upheavals at a business forum themed “Navigating the digital age” held by Forbes Vietnam in HCM City on August 15.
Agreements for the Second Greater Mekong Sub-region (GMS) Tourism Infrastructure for Inclusive Growth Project were signed on August 15 between the Asian Development Bank (ADB) and the provincial People’s Committees of Hoa Binh, Nghe An, Quang Binh, Quang Tri and Thua Thien-Hue.
The Mekong Delta province of Dong Thap has earmarked over a trillion of VND on the construction and upgrade of structures designed to prevent erosion along Tien and Hau riverbanks, helping minimise losses caused by natural disasters.
The Asian Development Bank (ADB) has recently reduced its economic forecast for the Philippines to 6.2 percent this year from the previous 6.4 percent.
The Southeast Asian region is likely to record an economic growth rate of 4.8 percent this year and 4.9 percent in 2020, according to the Asian Development Bank (ADB).
The Asian Development Bank (ADB) retained its growth projections for Vietnam at 6.8 percent for 2019 and 6.7 percent for 2020 in a report released on July 18.
The People’s Committee of Hanoi has proposed the municipal People’s Council add the urban railway project No 3 to the list of projects funded by official development assistance (ODA) and preferential loans from foreign donors.
Vietnam attaches importance to relations with the Asian Development Bank (ADB) – one of the country’s leading providers of capital, technical assistance and consultation, Deputy Prime Minister and Foreign Minister Pham Binh Minh said.
The Country Director of the Asian Development Bank (ADB) in Vietnam has stated that the country’s capital disbursement rate has slowed down in the past 3 – 4 years.
The Asian Development Bank (ADB) has approved a 60-million-USD loan for Cambodia to help the country boost the skills and competitiveness of its labour force, according to Xinhua news agency.
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.
The Asian Development Bank (ADB) has reported that it received 20.2 million USD from the Women Entrepreneurs Finance Initiative (We-Fi) in support of small and medium-sized enterprises (SMEs) led by women.
The ASEAN+3 finance ministers have agree to consider adding the Japanese yen and Chinese yuan to currency swap arrangements in addition to the US dollar as part of efforts to deal with possible financial crises while rejecting protectionism amid growing US-China trade tensions.
The Hongkong and Shanghai Banking Corporation (HSBC) on April 5 made several recommendations to help Southeast Asian nations attract private financing towards economically and environmentally sustainable projects.
Southeast Asian governments, the Asian Development Bank (ADB) and major development financiers on April 4 launched a new initiative to invest more than 1 billion USD in green infrastructure projects across Southeast Asia.
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