Vietnam’s economy remains resilient amid global uncertainties: ADB
The industrial sector continues to be a primary driver of growth, with external demand for major electronics fueling production.
The industrial sector continues to be a primary driver of growth, with external demand for major electronics fueling production.
ADB plans to mobilize resources of$3.5 billion for 23 projects in Vietnam during the period 2023-2026.
The Government's ability to balance monetary and fiscal policies helps ensure a high degree of resilience to global challenges beyond its control.
The government’s prudent and proactive monetary policy, supported by price controls on gasoline, electricity, food, health care, and education, continues to keep inflation in check.
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.
Through strengthening Vietnam’s fintech industry and fostering the digitalization of the banking sector, the program offers new opportunities for Small- and medium-sized enterprises to improve their access to financing.
Accelerated government spending is expected to boost demand in the remaining months of the year.
The law enables Hanoi to mobilize, manage and utilize resources efficiently.
Chakraborty will oversee the implementation of the Country Partnership Strategy for 2023-2026, which focuses on Vietnam's transition to a green economy, leveraging the private sector, and promoting social equity.
The country's economic growth is expected to lag behind only India and the Philippines in the Asia-Pacific region this year.
This funding, along with a $2 million contribution from the Japan Fund for Prosperous and Resilient Asia and the Pacific financed by the Government of Japan, will support technical assistance to expand inclusive and climate finance in the country.
Hanoi's strong economic performance in the remainder of the year is critical to ensure Vietnam reaches its GDP growth target of 6.5% in 2023.
The country's policies to support growth would help Vietnam counter the global headwinds in 2023 and maintain a high growth rate.
Vietnam remains one of the world's fastest growing economies this year, despite the gloomy global outlook.
Hanoi is mobilizing resources and support from development partners for infrastructure development.
Vietnam’s economy recovered faster than expected in the first half of 2022 and continues to grow amid the challenging global environment.
The Vietnamese Government recognizes that tech startups are the new engines of growth for the country.