ADB, Ascent Capital's Equity Investment Deal to Provide Growth Capital to Private Enterprises in Myanmar

NAY PYI TAW, MYANMAR (2 January 2019) — The Asian Development Bank signed an agreement on 21 December 2018 to provide a $10 million equity investment to Ascent Myanmar Growth Fund I LP, a Myanmar-focused private equity fund, to provide much-needed capital investment for the growth and expansion of small and medium-sized enterprises operating in the Southeast Asian country.

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Director General of ADB’s Private Sector Operations Department Mr. Michael Barrow and BIDV’s Senior Executive Vice-President in charge of the Board of Management Mr. Le Ngoc Lam sign the loan agreement at a ceremony in Ha Noi. Photo: ADB.

ADB Provides $300 Million Loan to BIDV to Support SMEs in Viet Nam

HA NOI, VIET NAM (12 December 2018) — The Asian Development Bank and Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV), the country’s largest commercial bank by assets, today signed a $300 million loan agreement to support the growth and productivity of small and medium-sized enterprises in Viet Nam.

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Tourism is growing rapidly in Viet Nam, but most growth and corresponding socioeconomic benefits are concentrated in a few gateway destinations, says ADB Project Administration Unit Head for Viet Nam Mr. Steven Schipani. Photo: ADB.

ADB Project to Help Boost Inclusive Tourism in Viet Nam’s Secondary Towns

HA NOI, VIET NAM (10 December 2018) — The Asian Development Bank has approved a $45 million loan to help Viet Nam transform secondary towns into more economically inclusive, competitive tourism destinations.

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The project will help install eight modernized irrigation systems in five drought-affected provinces, which will improve agricultural productivity in Viet Nam. Photo: ADB.

ADB Project to Modernize Irrigation Systems, Improve Agricultural Productivity in Viet Nam

HA NOI, VIET NAM (27 November 2018) — The Asian Development Bank has approved over $100 million in financing to help the Government of Viet Nam install eight modernized irrigation systems in five drought-affected provinces, which will improve agricultural productivity, especially among farmers growing high-value crops such as coffee, peppers, grapes, dragon fruits, and mangoes.

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The technical assistance covers the preparation of energy projects in Southeast Asia, such as developing priority power interconnections for cross-border trade of electricity in the Greater Mekong Subregion. Photo: ADB.

ADB Supports Energy Investment Planning in Southeast Asia

The Asian Development Bank has approved technical assistance for energy projects in Southeast Asia, including the Greater Mekong Subregion Cross-Border Power Trade and Distribution Project.

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Jars of coffŽee for sale in Ha Noi. Viet Nam has registered geographical indications for coffee and tea products, such as Buon Ma Thuot coffee, which is produced in the Central Highlands. Photo: brians101/iStock.com.

Made in the GMS: How GI Certification Can Boost Food Exports

In the Greater Mekong Subregion, countries have started to adopt laws and policies on geographical indications to protect locally sourced products that are made using traditional methods in their region of origin.

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Regional Cooperation Can Help Asia Tackle Rising Cross-Border Challenges

SINGAPORE (23 October 2018) — Regional cooperation is increasingly necessary to tackle a rising number of cross-border challenges in Asia and the Pacific, including infrastructure gaps, trade connectivity, financial contagion, and climate and disaster-resilience, according to a new report from the Asian Development Bank.

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Countries in the Greater Mekong Subregion are taking a regional approach to food policy to protect the interests of consumers and suppliers in both domestic and export markets. Photo: ADB.

Establishing a Sustainable Food Supply for the Greater Mekong Subregion

A regional approach to food policy driven by business and public interests can better protect consumers and suppliers in both domestic and export markets, support scaling up of production, and facilitate market access and Greater Mekong Subregion product branding and marketing.

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A startup from Luang Prabang that supplies reusable bamboo straws to the hospitality industry won the top prize in the 2018 Mekong Innovative Startups in Tourism (MIST) competition. Photo: MIST.

BambooLao Wins 2018 Mekong Travel Startup Challenge

A reusable bamboo straw producer from the Lao People’s Democratic Republic (Lao PDR) beat 111 entrants from across Southeast Asia to take the top prize in the 2018 Mekong Innovative Startups in Tourism (MIST) challenge.

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