January 9, 2012
 Street vendors ply their goods in downtown Ho Chi Minh City. The Asian Development Bank has lowered Vietnam’s economic growth forecast in 2012 to 6.3 percent from 6.5 percent forecast last September. With the world economy remaining mired in difficulty, the Asian Development Bank forecasts a difficult year ahead for Vietnam. However, it [...]
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Posted in Reports | Comments Off
September 16, 2011
Vietnam should consider consolidating its banks and infusing more capital into lenders as part of structural reforms of the financial industry, the Asian Development Bank said Wednesday. “The number of banks is obviously too many, compared to the size of the economy,” Tomoyuki Kimura, Asian Development Bank’s country director for Vietnam, said in an [...]
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May 16, 2011
Vietnam’s foreign exchange reserves last year dropped 12 percent, ADB said Vietnam, which has kept the precise level of its foreign reserves undisclosed, may publicize the data regularly next year via its national statistics office, VnExpress reported. The General Statistics Office in Hanoi has announced a new national statistical indicator system which has 76 additional [...]
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May 7, 2011
Asian Development Bank (ADB) President Haruhiko Kuroda speaks at the opening ceremony of the 44th annual meeting of ADB in Hanoi May 5, 2011. Asian Development Bank President Haruhiko Kuroda said developing Asia is behind Latin America in boosting consumption and urged policy makers to take steps to reduce precautionary household savings. “The region needs [...]
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May 6, 2011
The Asian Development Bank (ADB) and Vietnam sign a loan package during the annual ADB meeting in Hanoi The Asian Development Bank and the State Bank of Vietnam on Thursday signed a US$1.38 billion financial assistance package to enhance the country’s clean water access, conserve threatened forests and ease traffic gridlock. The total cost of [...]
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May 6, 2011
Prime Minister Nguyen Tan Dung talks at the meeting of the Asian Development Bank in Hanoi Thursday Despite its economic achievements, Vietnam is still poor and hopes to receive more international support, said Prime Minister Nguyen Tan Dung at the Asian Development Bank’s (ADB) meeting in Hanoi Thursday. Â At the opening session of the [...]
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April 9, 2011
A vendor carries pineapples on a bicycle in downtown Hanoi. Consumer prices rose 13.89 percent in March from a year earlier and are expected to continue increasing in the next few months. Vietnam will increase the minimum wage by 14 percent next month, raising concern that higher labor costs may fan inflation that is already [...]
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April 1, 2011
The Asian Development Bank said Tuesday (March 29) it had approved a US$293 million loan to help build a metro rail line in traffic-clogged Hanoi, following a similar agreement to fund a Ho Chi Minh City line. The two cities face major congestion problems, with foreign business leaders repeatedly saying that the country must [...]
Tags: Asian Development, Asian Development Bank, Development Bank, Hanoi, metro, million, The city
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December 17, 2009
Asia should keep interest rates low even as China, South Korea and other emerging economies in the region may grow at the fastest pace in three years in 2010, the Asian Development Bank said. âInflation is still low,â Jong-Wha Lee, the Asian Development Bankâs chief economist, told reporters in Manila Tuesday. âWe havenât seen a [...]
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November 10, 2009
A new fund, with a budget of US$3 million, was launched in Hanoi on Tuesday to provide funding to new business projects that will directly benefit the poor. The Viet Nam Challenge Fund is supported by the Ministry of Planning and Investment, the UK Department for International Development (DFID) of the United Kingdom and the [...]
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