World Bank

Update news World Bank

The World Bank has recommended 20 actions that address three priority themes for Vietnam’s successful offshore wind industry.

WB forecasts Vietnam’s growth at 5.5 percent in 2022

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.

World Bank grants $221.5mln loan to support Vietnam's economic recovery

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.

WB official optimistic about Vietnam's 2022 GDP growth prospect

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.

Vietnam’s economy sees positive changes: World Bank

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.

Business environment reform: drastic and consistent

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

WB lowers Vietnam’s GDP growth forecast to 2-2.5 percent this year

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.

Vietnam’s economy to slow as population ages: WB report

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.

World Bank suggests ways for Vietnam to recover economy

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 after lockdown is lifted: WB economist

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.

Vietnam forecast to grow by 4.8 percent in 2021: World Bank

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.

WB assists Vietnam’s urban management, post-pandemic recovery

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

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.

Offshore wind likely contribute 12% to Vietnam’s power by 2035: World Bank

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

59% of Vietnamese firms switch to digital platforms

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

Vietnam GDP growth set to rebound to 6.6% in 2021: WB

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.

Vietnam maintains positive outlook for economic recovery in 2021: WB

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.

Innovation identified as strongest growth engine for Vietnam: Expert

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 – one of fastest growing economies: WB

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 economy to grow 6.8 percent in 2021: World Bank

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”.