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Update news world bank
Leaders of the People’s Committee of the southern province of Dong Nai on September 9 worked with a working group from the World Bank (WB) on sustainable urban development and efficient growth initiatives.
The World Bank has approved a 107 million USD credit to enhance the capacity, efficiency, and safety of inland waterways in the southern region of Vietnam, while also aiming to reduce greenhouse gas emissions in the transport sector.
Efforts should be made to increase the competitiveness of domestic enterprises to capture a larger market share and elevate the position of Vietnam's logistics sector.
The World Bank has appointed Ms. Mariam Sherman as the new Country Director for Vietnam, Cambodia, and Lao PDR, effective May 1, 2024.
The Ministry of Agriculture and Rural Development of Vietnam is searching for a loan of US$360 million (equivalent to VND9 trillion) from the World Bank to carry out a US$470 million plan to cultivate one million hectares of high-quality rice.
The World Bank, in its East Asia and Pacific Economic Update released on April 1, 2024, forecast that the Vietnamese economy would grow by 5.5% this year, making it among top growth leaders in the world.
The challenges presented by the carbon credit market were the main talking points of a meeting on January 24.
The World Bank Board of Directors has recently approved a water improvement project worth over US$300 million in the southern province of Binh Duong.
WB official said Vietnam's economy remains resilient in 2023 meanwhile ADB Country Director points to three main growth drivers of Vietnam's economy in 2024.
World Bank (WB) experts have suggested several things that Vietnam should do to attract foreign investment in the stock market at the recent Inter-Agency Seminar on Unlocking the Potential of Vietnam’s Capital Markets.
World Bank (WB) experts underlined the need to extend the implementation of the economic support programme next year in order to allow its planned investments to be fully deployed amid the economy facing headwinds.
The Ministry of Transport has freshly approved a project for developing waterway corridors and logistics in the southern region, which is worth nearly 3.9 trillion VND (163.34 million USD) funded by the World Bank (WB).
Vietnam should closely monitor inflation which has been on the rise in recent time, according to the World Bank (WB).
Vietnam’s real economic growth is expected to slow to 4.7% this year before recovering to 5.5 % in 2024 and 6.0 % in 2025, according to Vietnam’s Macro and Poverty Outlook released by the World Bank on October 2.
The government should continue to support the expansion of domestic demand, which is gaining momentum for recovery, as a fiscal solution for spurring on economic growth, experts have suggested.
Prime Minister Pham Minh Chinh on September 7 received World Bank (WB) President Ajay Banga in Jakarta on the sideline of the 43rd ASEAN Summit and related meetings in Indonesia.
The World Bank (WB) just approved a US$129.6 million credit to support Vietnam to strengthen adaption ability to flooding and improve sanitation, transport and public space infrastructure in Vinh City, Nghe An Province.
Vietnam’s economic growth is projected to ease to 6.3 percent in 2023 from a robust 8 percent last year, as services growth moderates and higher prices and interest rates weigh on households and investors, according to the World Bank's latest report.
It is anticipated that 2023 will be a challenging year for the world economy, particularly Vietnam. The question is how to counteract the upcoming headwinds.
Vietnam’s strong economic performance in 2022 has been driven by several factors, including export, domestic demand and private investment, according to Andrea Coppola, the World Bank (WB)’s lead economist.