ADB Ready to Support Vietnam in Accessing Loans and Promoting Sustainable Development
- 140
- Business
- 21:32 23/01/2024
DNHN - The Deputy Minister of Finance wants ADB to support Vietnam in seeking non-refundable aid to reduce pressure on loans, especially in the context of fluctuations in secured overnight interest rates worldwide.
At the reception of Mr Winfried Wicklein - Director General of the Southeast Asia Department of the Asian Development Bank (ADB) and ADB officials on January 22, Deputy Minister of Finance Le Tan Can emphasised the positive role that ADB has played over the years, especially through the provision of policy advice and financial resources to support the Vietnamese Government. He also expressed optimism about the efforts and close cooperation between the two sides in perfecting the institutions and tools for public financial management.
One of the notable points is that the Deputy Minister of Finance provided information about the plan to implement the ADB grant portfolio for 2024. According to him, ADB plans to implement 23 projects in Vietnam in the 2024-2026 period, with a total value of 3.9 billion USD. However, he also noted that the ability to mobilise loans will depend largely on the progress of completing domestic investment procedures for each project.
The Deputy Minister of Finance wants ADB to support Vietnam in seeking non-refundable aid to reduce pressure on loans, especially in the context of fluctuations in secured overnight interest rates worldwide. He highly appreciated ADB’s Country Partnership Strategy 2023 - 2026 and affirmed that ADB’s support priorities are in line with Vietnam’s development direction.
Within the framework of the meeting, the two sides also discussed many other issues such as green finance, and private-sector investment. Mr Winfried Wicklein of ADB affirmed that he is ready to support Vietnam in accessing loan capital to cope with the budget deficit and fulfil its commitments on emission reduction and sustainable development.
P.V
Related news
- VCBC Chairman Steve Bui: Incentives have run their course — Vietnam enters an institutional race to attract the next generation of FDI
- Vietnamese Journalism in the Age of AI: How can reporters survive in the profession?
- Dr. Samuel Feldberg warns of risks that could reshape the global economic order and shares strategic advice for Vietnamese businesses
- VINASME organizes training program on risk control for sustainable business development amid uncertainty
- Vietnam’s International Financial Center looks beyond tax incentives to compete
- Expert Lại Thiên Phong: Localizing digital transformation – a new growth driver for Vietnam
- Are Vietnamese firms overlooking their most valuable “gold mine”?
- Iran Conflict and the “Double Shock” to the Global and Vietnamese Economies
- After 8 years and trillions sent abroad, are uST investors caught in a risky no-exit situation?
- When Cryptocurrency leaves the "Grey Zone": How are Vietnamese investors seeking profits?
- When the tech unicorn dream is undermined by reckless fundraising structures
- From New Year messages of World Leaders to the “new rules” of the Global economy in 2026
- Connecting Leaders, Shaping the Future: Strategic Leadership Planning Meeting – CorporateConnections Hanoi A
- Sunlight - Unilever Vietnam Recognized for Outstanding Contributions to the National Initiative Supporting Women Entrepreneurs
- Deputy Prime Minister Nguyễn Chí Dũng: “The country’s major challenges weigh heavily on my mind — and we must resolve them together.
- Unitsky String Technologies signs cooperation agreements with three Vietnamese partners, opening a new direction for smart mobility and sustainable development
- When artists do business – livelihood is no poetry!
- Before the D‑day to abolish flat‑rate tax: Fear of technology and costs leave small traders struggling to adapt
- Vietnamese enterprises at a crossroads: the impact of a potential US–China deal
- "Digital technicians" must not be forgotten if Vietnam aims to meet its strategic goals
Đọc thêm Business
VCBC Chairman Steve Bui: Incentives have run their course — Vietnam enters an institutional race to attract the next generation of FDI
VCBC Chairman Steve Bui analyzes Vietnam's next-generation FDI strategy, stressing that the country must now compete on institutional quality, innovation, and stronger linkages between foreign and domestic enterprises.
Vietnamese Journalism in the Age of AI: How can reporters survive in the profession?
Few professions have faced a transformation as profound as journalism is experiencing today.
Businesses under pressure: Capital and talent shortages threaten competitiveness
The Vietnam Institute of Economics and World Affairs (VIEWA) recently held a working session with the Vietnam Association of Small and Medium Enterprises (VINASME) as part of a policy research and business support initiative.
Dr. Samuel Feldberg warns of risks that could reshape the global economic order and shares strategic advice for Vietnamese businesses
Geopolitical tensions, technological transformation, trade fragmentation, and financial uncertainty are reshaping the global economy at an unprecedented pace.
VINASME organizes training program on risk control for sustainable business development amid uncertainty
In the context of a rapidly changing economy, increasing competition, and accelerating digital transformation, risk management capability has become a critical factor determining the resilience and sustainable growth of businesses, particularly SMEs.
Vietnam’s International Financial Center looks beyond tax incentives to compete
What makes a city an international financial center? Is it skyscrapers, massive capital flows, or generous tax incentives?
CEO Nguyễn Tất Tùng: only by anchoring in culture and preserving national identity can Vietnamese entrepreneurs reach the world
In a setting imbued with the rich cultural essence of Kinh Bắc, the 15th anniversary celebration of Dragon Travel was far more than a typical corporate event.
Expert Lại Thiên Phong: Localizing digital transformation – a new growth driver for Vietnam
On the morning of April 21, at the Ministry of Science and Technology, the Agency for Technology Entrepreneurship and Commercialization Development announced the 2026 innovation agenda aligned with the National Strategy for Startup and Innovation.
Building and accumulating intangible assets: a sustainable competitive advantage
In an intellectually vibrant afternoon of the business community, a seemingly old question was raised again in a way that made the entire audience rethink from the beginning.
From cost optimization to “survival optimization”: Vietnamese firms confront supply chain volatility
A fresh surge in domestic fuel prices is not only squeezing household budgets but also triggering a quiet yet profound wave of concern across Vietnam’s business community.