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Vietnam targets becoming a developing country with modern industry and upper middle income by 2030, and a high-income developed nation by 2045, said Minister of Planning and Investment Nguyen Chi Dung.

Vietnam to benefit most from RCEP: WB

Vietnam is anticipated to enjoy the highest trade and income gains among members of Regional Comprehensive Economic Partnership (RCEP), according to a latest World Bank report.

Health Minister proposes WB support local vaccine production

Minister of Health Nguyen Thanh Long has proposed that the World Bank (WB) help Vietnamn research and produce its own COVID-19 vaccines.

Chinese newspaper lauds Vietnam’s investment attractiveness

China’s Newsweek ran an article recently highlighting the positive outlook for Vietnam’s economy.

WB expert advises Vietnam to think about FDI role

A World Bank expert’s advice about attracting FDI deserves consideration, according to Bui Trinh, a respected economist.

WB grants US$422 mln to higher education, urban development projects in Vietnam

The World Bank Board of Executive Directors on June 30 approved financing for two projects worth a total of US$422 million to help build a climate-resilient city in the Mekong Delta and improve the quality of Vietnam’s three national universities.

WB, Australia to help Vietnam mitigate impacts of COVID-19 and facilitate economic recovery

The World Bank Group and the Australian Government have agreed to extend their strategic partnership in Vietnam with a commitment of a further AUD5 million (US$3.43 million) to support Vietnam’s economic recovery

Productivity should be put at center of Vietnam’s development strategy: WB

In a recent report titled “Vibrant Vietnam: Forging the Foundation of a High-Income Economy”, the World Bank has suggested that a productivity-driven development model,

Vietnam should enhance its productivity to grow: WB

Vietnam should focus on a productivity-driven development model to become a high-income economy by 2045, according to the latest report from the...

Vietnamese retail to be at heart of post-pandemic recovery

If the Vietnamese economy is able to successfully enjoy a rapid economic recovery following the conclusion of the novel coronavirus (COVID-19) pandemic, the retail industry will be one of the driving factors in this revival process.

Vietnam economy hit hard by COVID-19 pandemic: WB

Vietnam has been hit hard by the current novel coronavirus pandemic (COVID-19), but it will show signs of recovery in the post-coronavirus period, the World Bank said in its Vietnam Macro Monitoring report for May.

China's virus-hit economy shrinks for first time in decades

Its economy shrank 6.8% in the first three months of 2020 as it battled the virus and lockdowns

Vietnamese economy stays resilient to external shocks: WB

While Vietnam remains significantly exposed to the COVID-19 outbreak and the ongoing turbulence in the global financial markets, its economy stays resilient to external shocks in the first few months of 2020, according to the World Bank (WB).

Air pollution’s effects on Vietnam’s economic structure

According to Hoang Duong Tung, chair of the Vietnam Clean Air Network, former deputy general director of the General Directorate of Environment, PM 2.5 fine dust and ozone are the two most worrying issues.

HCM City calls for WB’s support to build int’l financial centre

A leader of Ho Chi Minh City on January 17 expressed his hope that the World Bank (WB) will assist Vietnam’s southern economic hub to build an international financial centre.

WB, Switzerland supports HCM City’s new Bus Rapid Transit corridor

On January 15, the WB and Ministry of Finance signed a financing agreement for a grant worth US$10.5 million to promote integrated urban development and transport connectivity along a new Bus Rapid Transit corridor in HCM City.

Creating a decade of sustainable environment

In the 2021-2030 period, Vietnam aims to prevent pollution and environmental degradation, and gradually improve environmental quality.

NA Chairwoman Nguyen Thi Kim Ngan receives WB’s country director

National Assembly (NA) Chairwoman Nguyen Thi Kim Ngan on November 21 appreciated the World Bank (WB)’s comprehensive cooperation with Vietnam and its contributions to the country’s development in recent times.

Vietnam slips further in WB’s Doing Business 2020 ranking despite scoring higher

Vietnam has made significant improvements in getting credit and paying taxes, resulting in increases of 5 and 6.1 points against last year’s results.

Vietnam’s GDP back on 7% track with manufacturing and services

Vietnam’s growth is exceeding expectations, prompting economists and researchers to revise forecasts for the nation in the near term, while remaining cautious due to fears of a global economic recession.