Expressing appreciation for the Asian Development Bank’s (ADB) nonsovereign lending to Viet Nam’s private sector, Deputy Finance Minister Tran Quoc Phuong said the Ministry of Finance will continue coordinating closely with ADB to facilitate such financing within Viet Nam’s legal framework, thereby enhancing the effectiveness of direct lending to private enterprises without government guarantees.

The Asian Development Bank (ADB) on December 5 announced an emergency international assistance package worth 2 million USD to help address the severe impacts of recent flooding in central Viet Nam.

Foreign experts have appreciated Vietnam’s economic governance policies to help well control the impact of imported inflation, given increasing inflation in many countries around the world.