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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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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August 2, 2011
Somali refugees fetch water at a refugee camp in Dadaab, Kenya on July 31, 2011. The head of the African Development Bank, Donald Kaberuka, blamed the famine in Africa’s Horn of Africa region on climate change and "our collective failure to end the Somali civil war." "While this is a tragedy triggered by the worst [...]
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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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May 4, 2011
Deputy Prime Minister Hoang Trung Hai speaks at the Vietnam Business Summit during Asia Development Bank's 44th annual meeting in Hanoi on May 3 Vietnam will continue to improve its business environment and fully mobilize domestic and foreign resources as it aims to become an industrialized nation in 2020, Deputy Prime Minister Hoang Trung Hai [...]
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May 4, 2011
Vietnam's Central Bank Governor Nguyen Van Giau speaks at a news conference of the 44th annual meeting of the Asia Development Bank in Hanoi May 2, 2011. Vietnamese central bank governor Nguyen Van Giau expressed confidence on Monday in government steps to curb soaring inflation, days after raising key policy rates for the second time [...]
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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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January 28, 2010
The Ministerial Preparatory Conference on Haiti was concluded on Monday afternoon in Montreal, Canada. The Ministerial Preparatory Conference on Haiti is concluded on Monday afternoon in Montreal, Canada, as the Group of Friends of Haiti, major donors and regional and multilateral partners passed a statement, stressing international cooperation and coordination in rebuilding the earthquake-ravaged country [...]
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