Update news WB

World Bank seek partnership with Vietnam in energy development

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 calls on WB, IFC to support Vietnam’s large-scale infrastructure projects

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..

May-June power shortages cost Vietnam US$1.4 billion: World Bank

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.

Vietnam’s economy to see stronger growth in next two years: WB

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.

World Bank supports Vietnam in addressing El Nino and water security

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.

WB provides US$264 million credit to VN inclusive and sustainable recovery

Reforms supported by this credit will strengthen Vietnam's ongoing recovery from the Covid-19 pandemic and subsequent commodity price shocks.

VN central bank must keep a close on financial market: WB

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 consults WB experts about National Master Planning

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).