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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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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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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Deputy Director General of ADB's Private Sector Operations Department Christopher Thieme (left) and China Everbright CEO Wang Tianyi (right) after the signing. Photo: ADB.

ADB, China Everbright International Facilitate Clean Waste-to-Energy PPP in Viet Nam

HONG KONG, CHINA (2 February 2018) — The Asian Development Bank today signed a $100 million loan facility agreement with China Everbright International Limited to help a series of municipal waste-to-energy plants in primary and secondary cities in the Mekong Delta.  

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Langda Chea entered BookMeBus in the Market Access Program of Mekong Innovative Startups in Tourism (MIST), which helps mature startups in the Mekong region to expand into new markets. Photo courtesy of MIST.

Opening Opportunities for Local Startups in the Mekong Region

The Mekong Business Initiative, sponsored by the Australian Government and the Asian Development Bank, is sourcing international investment and facilitating regional expansion for innovative startups.

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