The Asian Development Bank (ADB) and Binh Duong Water Environment Joint Stock Company (BIWASE) signed a $13 million loan to finance the construction and operation of a composting plant, and waste-to-energy (WTE) facility in Binh Duong province.
Vietnam’s economic growth is expected to slow down due to a resurgence of Covid-19 that has tightened the labor market, lowered industrial output, and disrupted agricultural value chains, according to latest report released by the Asian Development Bank (ADB).
The financing includes a $2.7 million grant from the Government of Canada and a $1.9 million grant from the Government of Australia, both to be administered by ADB.
It is ADB’s first financing of a wind power project in Vietnam, comprising a $35 million A loan directly funded by ADB and an $81 million syndicated B loan.
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The Asian Development Bank (ADB) and Phu Yen TTP Joint Stock Company (Phu Yen JSC) has signed a $186 million loan to develop and operate a 257 MW solar power plant in Hoa Hoi, Phu Yen province, through the country’s first certified green loan.
The project also marks the largest installation of floating solar PV panels in Southeast Asia.
The first quarter saw the outstanding amount of local currency (LCY) corporate bonds reached some $4.34 billion, with growth declining 1.3 per cent quarter-on-quarter but rising 31.9 per cent year-on-year, according to ADB.
The Asian Development Bank and the Ministry of Finance have signed an agreement on funding the improvement of transport connectivity in northern mountainous provinces of Vietnam.
This is the largest commercial loan that the Asian Development Bank has provided to an Asian commercial bank so far.
The Asian Development Bank has approved a $100.6-million loan to support Vietnamese Government’s reform effort to improve health service delivery and the quality of health care providers, especially in poor, border areas and a $45 million loan to help Vietnam transform secondary towns into more economically inclusive, competitive tourism destinations.
The Asian Development Bank has approved a $100 million policy-based loan to develop Vietnam’s finance sector, aiming to support long-term economic growth and tackle rising income inequality.
Vietnam’s economy continued to perform strongly in the first half of 2018, however, it remains vulnerable to external and domestic challenges, according to Asian Development Bank.
The Asian Development Bank (ADB) and the Provincial People’s Committees of Ha Giang, Vinh Phuc and Thua Thien-Hue yesterday signed project agreements totaling $223.87 million for the Secondary Green Cities Development Project.
Out of 19 semi-finalists, seven Vietnamese startups have been chosen to join the Mekong Innovative Startups in Tourism program in 2018, the biggest number in the tally.
