Update news World Bank
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 economy registered strong annual growth of 13.7% in Q3, mostly reflecting a low base effect, according to the October edition of the World Bank (WB)’s monthly Vietnam Macro Monitoring.
Vietnam has witnessed a strong rebound after last year’s COVID related slowdown, said World Bank (WB) Lead Country Economist and Program Leader for Equitable Growth, Finance and Institutions in Vietnam Andrea Coppola.
Vietnam will need a skilled workforce to transform itself into an upper-middle-income economy by 2035, the World Bank has suggested in its recently-released report named “Taking Stock: Educate to Grow”.
Representatives of the World Bank (WB) and FTSE Russell have committed to further supporting Vietnam to build a sustainable stock market, particularly via regularly exchange and coordination in the market upgrading matter.
The World Bank has recommended 20 actions that address three priority themes for Vietnam’s successful offshore wind industry.
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.