The Asian Development Bank (ADB) has approved a US$2 million grant to assist the Government of Vietnam in providing emergency and humanitarian services to residents affected by the super Typhoon Yagi in the northern region of the country.

The Asian Development Bank (ADB) maintained its positive economic outlook for Vietnam, forecasting the country’s GDP growth at 6% in 2024 and 6.2% in the following year.

Country Director of the Asian Development Bank (ADB) for Vietnam Shantanu Chakraborty has expressed his impression of the Southeast Asian nation’s economic growth of 6.4% in the first half of this year.

The Asian Development Bank has slightly raised the 2024 growth forecast for developing Asia of 46 countries, including Vietnam, thanks to stronger domestic demand and export growth.

ADB forecast that low domestic interest rates, fiscal policy measures, and wage increases will drive consumer services in 2024.

Vietnam's ineligibility for ADB's Asian Development Fund (ADF) 14 is a positive indication for the country, given its already high income level, said Tomuyuki Kymura, Head of the bank's Strategy and Policy Department.

The Asian Development Bank (ADB) has maintained its earlier growth projection for Vietnam this year despite lingering uncertainties in the external environment. Vietnam’s economy is expected to grow at 6.0% and 6.2% in 2024 and 2025, respectively.

The Asian Development Bank (ADB) has made its GDP growth forecast for Vietnam in 2024, projecting the rate to remain at 6.0%, according to the Asian Development Outlook (ADO) released on December 13.

Vietnam’s government bond yields climbed across all tenors for September 1 - November 10 driven by a rise in inflation and the US Federal Reserve’s decision to keep interest rates high for an extended period.

The Asian Development Bank and the State Bank of Vietnam held a kick-off ceremony marking the implementation of the Swiss-funded $5mil technical assistance, which aims to nurture financial technologies serving financial inclusion improvement in VN.

Despite the weak external environment, the Vietnamese economy remains resilient, and recovery is expected to pick up in the near term, said Asian Development Bank (ADB) Country Director for Vietnam Shantanu Chakraborty.

The Asian Development Bank (ADB) is committed to quickly and effectively implement its Country Partnership Strategy (CPS) for Vietnam and accompany the country in its development process.

The Asian Development Bank (ADB) has appointed Mr. Shantanu Chakraborty as its new Country Director for Vietnam.

The Asian Development Bank (ADB) has moved to revise its growth forecast for Vietnam, reducing the rate from 6.5% to 5.8% for this year, and from 6.8% to 6.2% ahead in 2024.

The government bond yields in Vietnam have dropped across all tenors from March to June, resulting in the largest downward shift in the country’s bond yield curve among Asian nations, with an average decline of 136 basis points.

The local currency bond market in Vietnam grew 5.1 percent quarter-on-quarter to reach a size of VND2,626.1 trillion (US$111.9 billion) at the end of March.

The Asian Development Bank (ADB) and Switzerland have signed a cofinancing agreement of up to $5 million to develop financial technologies (fintech) that can help address low financial inclusion in Vietnam.

In the context of uncertain global economy, the Asian Development Bank (ADB) suggested Vietnam diversify its markets to boost exports in 2023 and beyond.

Vietnam’s economy is expected to grow by 6.5 per cent this year and expand to 6.8 per cent in 2024, according to the Asian Development Bank (ADB).