Multilateral development assistance
Asian Development Bank (ADB)
Vietnam’s Economy to Grow Fastest in Southeast Asia Despite COVID-19: ADB
According to the Asian Development Bank (ADB), Vietnam’s economy has shown strong growth in 2019, as a result of high domestic demand, a strong manufacturing and processing industry, and high Foreign Direct Investment (FDI). The second outbreak of COVID-19 in March started a new phase in the fight against the pandemic, severely ...
Do Thanh Ha
Viet Nam's Economy to Remain One of the Fastest Growing in Asia Despite Sharp Slowdown Due to COVID-19
Viet Nam’s economic growth rate is expected to slow sharply in 2020, to 4.8%, from the initial supply shock to economic activity from the outbreak of the novel coronavirus (COVID-19) and the subsequent and ongoing drop in demand from Viet Nam’s principal trade and investment ...
Myanmar to Upgrade Urban Infrastructure in State Capitals, Border Town
The Myanmar government is planning to upgrade basic infrastructure and enhance urban management of three major cities in Mon and Karen states that lie along Japan’s planned East-West Economic Corridor for the Greater Mekong Subregion (GMS). Minister of Construction U Han Zaw said Monday that his ...
Nan Lwin
ADB seeks co-financing of Thai projects
The Asian Development Bank (ADB) is looking to co-financing deals of mass transit, double-track rail and renewal energy projects with the Thai companies, said Hideaki Iwasaki, the bank’s country director in the Kingdom. He said Thai government is in a strong fiscal position and has not borrowed much ...
ADB boosts support for region
In prioritising Southeast Asia in its assistance, the multilateral lender would get involved in many operations in the region, said Ramesh Subramaniam, the director general of the bank’s Southeast Asia department. Subramaniam told the ADB annual meeting yesterday that the development lender would invest around US$5 ...
Khine Kyaw
ADB loan to boost highways
Thailand has gained a US$99.4 million loan from the Asian Development Bank (ADB) to help upgrade some of the country’s highways and improve road safety in the Northeast. []“Transport infrastructure is an important driver of growth for Thailand’s economy,” said Subramaniam. “Improving the country’s road network ...
ADB allots $339.4M for grants, assistance
The Asian Development Bank (ADB) will set aside $339.4 million for grants and technical assistance to low-income and developing member countries as approved during the just-concluded annual meeting of its board of governors. In a statement, the Manila-based lender said the board had approved $690.1 million ...
$66b invested in Greater Mekong Sub-region: ADB official
The Greater Mekong, including Việt Nam, is expected to have a colossal US$66 billion poured in to strengthen regional economic co-operation in the next five years, said an Asian Development Bank (ADB) official on Tuesday. Keep reading ...
VNS Reporter
Vietnamese wins ADB Instagram contest with Mekong Delta floating market photo
A Vietnamese national has won the top prize of a photo contest organized by the Asian Development Bank to showcase the development progress in the Greater Mekong Subregion (GMS). Anh Dung Kieu bagged the US$500 prize for his photo depicting early morning trading at a ...
Son Luong
Replicate Yunnan, Mekong models to make Northeast ASEAN-India hub: ADB
Assam could emerge as the hub of trade and commerce between India and the ASEAN by replicating infrastructure development models adopted by Yunnan and the Greater Mekong sub-region, Kenichi Yokoyama, India director of Asian Development Bank said here on Sunday. Keep reading ...
Samudra Gupta Kashyap