One of the key breakthroughs for Hanoi’s development is urban transportation, including ongoing urban railway projects, Hanoi’s mayor Chu Ngoc Anh has said.

Despite high economic openness and growing global uncertainties, Vietnam’s economy still maintains its resilience and is on track for a V-shaped recovery, stated economist Nguyen Minh Phong.

A credible domestic rating agency is a critical missing jigsaw piece in the orderly development of a healthy sustainable bond market in Vietnam, stated the ADB.

The project is the first of its kind in the Asia-Pacific to be certified by the Climate Bonds Initiative.

This is mainly due to lower outstanding debt in the government sector, even though the corporate bond stock increased.

The Vietnamese government would still prioritize mobilizing ODA funds and preferential loans for major projects that support Vietnam’s sustainable development.

Goldman Sachs expected exports to be Vietnam’s major driving force for economic recovery.

While Vietnam’s economic outlook in the near term is dim, the country is showing stronger resilience than most comparable economies, stated the ADB.

To ensure its place among front-runners in attracting global FDI in the future, Vietnam should prioritize quality over incentives in attracting investment capital, said an ADB expert.