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ADB trims Vietnam’s 2021 growth outlook to 3.8 per cent

ADB trims Vietnam’s 2021 growth outlook to 3.8 per cent

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).

Digitalization is key for circular economy

Most circular economy initiatives are individual projects focused on physical materials and resources.

Three high risks to Vietnam’s economic outlook

While Vietnam’s prospects remain positive, World Bank said that the authorities should address the heightened social, financial, and fiscal risks.

ADB approved $4.6 million assistance to boost private sector in Vietnam

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.

Bringing circular economy knowledge into education

Education is an effective method to change people's awareness of environment, leading to more resources to applying circular economy model.

Vietnam economy will persist at least through the third quarter: HSBC

HSBC have recently trimmed Vietnam’s 2021 growth forecast from 6.6 per cent to 6.1 per cent, reflecting the impact of the recent outbreak. That said, once Vietnam is able to contain Covid-19, it should regain its momentum quickly.

IFC provides $100 million loan to OCB, boosting climate finance in Vietnam

With IFC’s support, OCB expects to double its SME lending portfolio by 2024 by leveraging its digital banking platform and developing products that cater to the sector’s needs.

Attracting investment in recycling and circular economy

Financial institutions and investment funds have to face some obstacles im making investment into plastic recycling sector.

IFC provides $150 million financing package to SeABank

To support local businesses and help them make a resilient recovery after the Covid-19 pandemic, IFC is providing a $40 million loan to Southeast Asia Commercial Joint Stock Bank (SeABank).

World Bank approves $321 million programs to support Vietnam’s recovery efforts

It includes two operations designed to support the central government and Ho Chi Minh City in their efforts to improve urban management and promote a recovery that is inclusive, digitally transformative, and sustainable.

Covid-19 poses big challenges for US businesses in Vietnam

AmCham called Vietnam to ease its lengthy quarantine period for vaccinated travellers.

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