The World Bank (WB) has forecast that Vietnam’s economic recovery is likely to accelerate in 2022 as GDP growth is expected to rise to 5.5 percent from 2.6 percent in the year just ended.

The Government of Vietnam and the WB have signed an agreement for financing of US$221.5 million to support Vietnam’s recovery from the COVID-19 pandemic through policy reforms on improving financial inclusion and greater environmental resilience.

Vietnam's target of bringing its GDP growth to 6-6.5% in 2022 is entirely possible if it can effectively control the COVID-19, and improve the supply – demand balance, an official of the World Bank (WB) has said.

Amid a protracted COVID-19 outbreak, socio-economic data in October showed the contraction has bottommed out and Vietnam's economy has made positive changes, the World Bank in Vietnam said.

After several years using the World Bank Ease of Doing Business report as a measurement, Vietnam's business environment has made great strides.

Vietnam’s GDP growth forecast for this year has been lowered to 2-2.5 percent, according to the World Bank's October 2021 Vietnam Macro Monitoring.

Population aging could slow down Vietnam's long-term growth in the 2020–2050 period by 0.9 percentage points compared with the last 15 years, a new World Bank (WB) report finds.

The World Bank has suggested the Vietnamese Government early devise back-up plans in case the COVID-19 pandemic could last one or two more years, and conduct vaccination in parallel with testing to control the pandemic and mitigate its economic loss.

Vietnam’s economy will recover on the back of solid growth achieved in the first half of 2021 after the lockdown is lifted, Dorsati Madani, Senior Economist at the World Bank (WB) Vietnam, has said.

The World Bank (WB) has projected Vietnam’s GDP to expand by 4.8 percent in 2021, two percentage points lower than its previous prediction in December 2020.

The World Bank has approved two development policy operations (DPO) totalling 321.5 million USD to support Vietnam’s recovery efforts.

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

Vietnam has a globally relevant offshore wind resource, enabling it to generate 30% of total national electricity by 2050.

In Vietnam, over half of businesses have turned to digital platforms to adapt to the new context amid the Covid-19 pandemic.

Vietnam and China are the only two economies in East Asia and Pacific experiencing a V-shaped rebound where output has already surpassed pre-pandemic levels.

The rapid suppression of the new COVID-19 outbreak in late January 2021 has helped maintain Vietnam’s positive outlook for economic recovery this year, the World Bank (WB) has said.

The Vietnamese government would continue to put up efforts in revising and improving regulatory framework in order to accommodate fast changes in the field of technology.

Vietnam's growth accelerated to 4.5 percent in the last quarter of 2020, resulting in an annual growth rate of 2.9 percent - making it one of the fastest growing economies in the world, according to the World Bank (WB).

Vietnam’s prospects appear positive as the economy is projected to grow by about 6.8 percent in 2021 and, thereafter, stabilise at around 6.5 percent, according to the latest World Bank’s economic update for Vietnam “Taking Stock”.

The coastline of Vietnam is increasingly exposed to natural disasters, resulting in significant human and economic losses, but current risk management measures prove inadequate, according to a new report by the World Bank.