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The Asian Development Bank (ADB) has just released its growth forecast for the year, with Vietnam’s growth revised down to 5.8% from the previous figure of 6.7% put forward in April.
The Vietnamese Government has responded swiftly to the COVID-19 economic impacts, which was supported by strong fundamentals, thus ensuring the economy’s resilience, said Asian Development Bank (ADB) Country Director for Vietnam Andrew Jeffries.
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Finance ministers and central bank governors of ASEAN countries, Japan, China, and the Republic of Korea on May 3 convened an online conference on COVID-19 impact and ways to boost cooperation amid the pandemic.
Global financial markets have been negatively hit and significantly shaken by the ongoing unpredictable, relentless and complicated developments under the Covid-19 pandemic, leading to continued global financial instability.
The Asian Development Bank (ADB) has proposed to implement a smart and energy efficient city project (SEECP) with total investment of more than VND1.56 trillion ($67.29 million) in the Mekong Delta city of Can Tho.
Experts from the Asian Development Bank (ADB) have revised up the nation’s GDP growth forecasts from 1.8% to 2.3% this year following the acceleration of public investment,
Foreign direct investment (FDI) inflows in Vietnam are set to record strong growth as the world moves past the novel coronavirus (COVID-19) epidemic, with plenty of investment coming from overseas Vietnamese, according to insiders.
Despite the pandemic, a gradual bounce in production and confidence of businesses is expected to continue driving the economy to a brighter outlook next year.
Vietnam’s GDP growth this year can reach 2 – 3 percent, according to former director of the General Statistics Office (GSO) Nguyen Bich Lam.
Prime Minister Nguyen Xuan Phuc has urged the Republic of Korea (RoK) to reduce, remove binding conditions for official development assistance loans, concessional loans, and expand non-refundable aid to Vietnam.
Vietnam’s economy grew 1.81 per cent in the first half of 2020
The local currency (LCY) bond market in Vietnam posted the highest growth in the emerging East Asia region, as authorities took fiscal and monetary policy actions to mitigate the economic fallout from the coronavirus pandemic.
The COVID-19 pandemic continues to drag on local currency bond markets in emerging East Asia, including Vietnam, as investment sentiment globally and in the region wane and containment measures limit economic activity.
The country would remain the fastest growing economy in Southeast Asia, which is expected to bounce back to 6.8% in 2021.
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Trên cơ sở kiến nghị của Tổng công ty Sông Đà, Bộ Xây dựng vừa có văn bản đề nghị Bộ Tài chính hỗ trợ Sông Đà liên quan nghĩa vụ trả nợ vay từ nguồn vốn ADB do tác động bởi dịch Covid-19.
Hunger and malnutrition were an increasing problem worldwide before the pandemic. Restrictions imposed to curb disease spread have disrupted local and international food supply chains, making the problem even more urgent.
Asteep decline in business confidence is expected to contribute to a drop in economic growth this year, but the Vietnamese economy is projected to rebound significantly next year
Despite the negative impacts of the ongoing coronavirus pandemic, the Vietnamese economy under sturdy policies from the government will have numerous opportunities to move forwards strongly.