The Asian Development Bank (ADB) and Binh Duong Water Environment Joint Stock Company (BIWASE) signed an 8 million USD loan to expand the Tan Hiep Water Treatment Plant (WTP) in Binh Duong province, one of the fastest-developing provinces of Vietnam.
Non-performing loans (NPLs) among commercial banks increased sharply in the first three quarters of this year due to the adverse impacts of the COVID-19 pandemic.
The International Finance Corporation (IFC) recently announced its cooperation with An Phat Holdings (APH) and an expected investment of 20 million USD to fund APH’s first compostable material manufacturing plant in Vietnam and the largest of its kind in Southeast Asia.
Banks in Ho Chi Minh City are focusing on measures to mitigate the difficulties faced by businesses due to the COVID-19 pandemic and help them get back to health, a State Bank of Vietnam official has said.
Japanese Prime Minister Suga Yoshihide said on October 20 that his country will provide 50 billion JPY (473 million USD) in low-interest loans to Indonesia to support its fight against COVID-19.
Commercial banks should diversify their loan products, lower interest rates and simplify procedures to improve accessibility to official credit channels in an effort to keep people away from illegal sources, Deputy Governor of the State Bank of Vietnam Dao Minh Tu said.
The disbursement of Official Development Assistance (ODA) in localities has sped up from seven months to only three to four months, contributing to lowering loan interests on State budget.
The Asian Development Bank (ADB) and Phu Yen TTP Joint Stock Company (Phu Yen JSC) on October 9 signed a 186 million USD loan to develop and operate a 257 megawatt (MW) solar power plant in the southern province of Phu Yen’s Hoa Hoi, through the country’s first certified green loan.
The Government has directed the State Bank of Vietnam (SBV) to add non-performing loan (NPL) settlement regulations under Resolution No.42/2017/QH14 into the revised Law on Credit Institutions, SBV Deputy Governor Nguyen Kim Anh has said.
The Malaysian Real Estate and Housing Developers’ Association (Rehda) said it does not expect the ending of the six-month moratorium on loan repayments on September 30 to worsen the country’s residential property overhang.
The World Bank (WB) on September 30 said it has approved a loan worth 600 million USD to support the Philippine government's efforts to sustain social protection for the poor and most vulnerable families amid the COVID-19 pandemic.
The Asian Development Bank (ADB) has approved over 29 million USD in loan for Cambodia to help the country improve service delivery through key reforms in public financial management and decentralization, said a press statement on September 23.
The Asian Development Bank (ADB) has approved a 500-million-USD policy-based loan to allow the Philippines to quickly access emergency financing in the event of disasters triggered by natural hazards or public health emergencies.
The Asian Development Bank (ADB) has approved a 127.8 million USD loan to support the construction of transmission lines and substations in Cambodia, the bank said in a press statement.
The Government has asked the Asian Development Bank (ADB) for a loan of approximately 1 billion USD to ensure capital supply for the Ben Thanh - Suoi Tien metro project, HCM City’s second metro line.
The Bank of Thailand (BoT) will focus on assisting businesses, especially those severely affected by COVID-19 pandemic, to restructure their debts, the bank’s Governor Veerathai Santiprabhob said on August 21.
The Asian Development Bank (ADB) has pledged to double loan commitments to Indonesia this year to facilitate economic recovery in one of its biggest client countries.