Update news WB
Minister of Industry and Trade Nguyen Hong Dien held a working session with World Bank (WB) Regional Vice President for East Asia and Pacific Manuela V. Ferro in Hanoi on November 14.
PM Pham Minh Chinh received WB Regional Vice President for East Asia and Pacific Manuela V. Ferro, IFC Regional Vice President for Asia and the Pacific Riccardo Puliti, and IFC Vice President and Treasurer John Gandolfo in Hanoi yesterday..
The power outages in northern Vietnam in May and June inflicted a significant economic blow, totaling US$1.4 billion or 0.3% of Vietnam’s GDP, according to the latest report by the World Bank.
The World Bank forecasts that Vietnam’s economy will grow 4.7% in 2023, and accelerate to 5.5% in 2024 and 6.0% in 2025.
Vietnam has received significant support from the World Bank (WB) to tackle the challenges posed by the El Nino phenomenon, climate change, and water security, in line with Vietnam’s green growth strategy.
Reforms supported by this credit will strengthen Vietnam's ongoing recovery from the Covid-19 pandemic and subsequent commodity price shocks.
The State Bank of Vietnam must step up efforts in the management of the country's banking sector and prepare for all possible scenarios for timely and effective interventions, according to the World Bank (WB).
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.
Minister of Health Nguyen Thanh Long has proposed that the World Bank (WB) help Vietnamn research and produce its own COVID-19 vaccines.
China’s Newsweek ran an article recently highlighting the positive outlook for Vietnam’s economy.
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.
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
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 focus on a productivity-driven development model to become a high-income economy by 2045, according to the latest report from the...
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.
Its economy shrank 6.8% in the first three months of 2020 as it battled the virus and lockdowns
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).