Installation of ADB-funded pipeline begins in Ho Chi Minh City
The 10km pipeline will support the city’s decades-old water transportation system
The 10km pipeline will support the city’s decades-old water transportation system
Eight ODA projects funded by the World Bank in Vietnam have been included in the blacklist due to delays in implementation and disbursement
Vietnam’s economic growth prospect is expected to be at 5.6 percent and 5.8 percent in 2014 and 2015, respectively, up 0.1 percent compared to the previous forecast.
The Asian Development Bank (ADB) has announced to offer new loan assistance of $4.2 million equivalent for infrastructure upgrades at stations along Hanoi’s metro line 3
It will take Vietnam 44 years to get out of the middle-income trap, according to a recent forecast of the Organization for Economic Cooperation and Development (OECD)
And the country’s economy is forecast to continue growing below its potential, at less than six percent, in 2015, Takehiko Nakao, President of the Asian Development Bank (ADB), said at a press conference during his working trip to Vietnam last week
The country is ranked 6th out of the nine Southeast Asian countries, just before the Philippines, Myanmar and Cambodia, while it stands in 16th out of 24 surveyed economies.