Posts Tagged ‘ The Asian Development Bank ’

Single-digit inflation target feasible, says ADB exec 

January 9, 2012
Single-digit inflation target feasible, says ADB exec 

    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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Vietnam, ADB sign $1.38 bln loan package 

May 6, 2011
Vietnam, ADB sign $1.38 bln loan package 

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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Vietnam calls for more int’l support at ADB meeting 

May 6, 2011
Vietnam calls for more int’l support at ADB meeting 

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.   At the opening session of the [...]

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Asia needs low interest rates amid recovery, ADB says

December 17, 2009
Asia needs low interest rates amid recovery, ADB says

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. “Inflation is still low,” Jong-Wha Lee, the Asian Development Bank’s chief economist, told reporters in Manila Tuesday. “We haven’t seen a [...]

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Vietnam placing more importance on forex stability, Dragon says

October 23, 2009
Vietnam placing more importance on forex stability, Dragon says

Vietnam’s central bank is placing greater importance now than earlier this year on managing the stability of the country’s foreign-exchange market, fund manager Dragon Capital said in a note to investors. The so-called official exchange rate of the Vietnamese dong against the US dollar was about 17,856 per dollar as of Friday, compared with 17,483 [...]

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ADB agrees $500 million loan to bolster VN’s economy

September 16, 2009
ADB agrees $500 million loan to bolster VN’s economy

LookAtVietnam – ADB has approved a five-year US$500 million loan to Vietnam to help the economy counter the adverse impacts of the global economic downturn. Workers of Cho Lon Plastics Company in Ho Chi Minh City assemble bikes on Sep. 14, 2009. The Asian Development Bank approved Sep. 15 a US$500 million loan to bolster [...]

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Philippines failed to scrap loss-making firms: ADB

May 17, 2009
Philippines failed to scrap loss-making firms: ADB

The logo of the Asian Development Bank is seen at the establishment’s headquarters in Manila. The Asian Development Bank (ADB) said Saturday the Philippines has failed to follow a commitment to reduce the number of state-run corporations that have been bleeding government coffers dry. It said Manila sought ADB technical assistance in 2006 to improve [...]

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Multi-pronged project seeks to mitigate climate change impacts

April 28, 2009
Multi-pronged project seeks to mitigate climate change impacts

Flooding in the central province of Binh Dinh last year. Vietnam is among the countries most prone to disasters triggered by climate change, experts say. The government will urgently work to ensure food security, increase forest coverage and develop infrastructure in coastal areas in preparation for adverse impacts of climate change, a meeting in Hanoi [...]

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Feature

Vietnam, Cuba foreign ministries to bolster ties

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Vietnam’s top diplomat has affirmed that the Foreign Ministry will closely cooperate with its Cuban counterpart to implement the agreements reached by the two...