Vietnam considers ODA important capital source: Deputy PM Business

Vietnam considers ODA important capital source: Deputy PM

The Vietnamese Government continues to consider official development assistance (ODA) as an important capital source and allocate part of it for socio-economic development in the mid-term public investment plan, said Permanent Deputy Prime Minister Pham Binh Minh.
WB, Japan help care for older persons in Vietnam Society

WB, Japan help care for older persons in Vietnam

The World Bank (WB) and partners on September 29 launched a project aiming to reduce economic and health vulnerability of older persons in Vietnam, under a 2.75-million-USD grant, funded by the Government of Japan through the Japan Social Development Fund.
World Bank suggests ways for Vietnam to recover economy Business

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.
Hau Giang makes efforts to roll out WB-funded project Society

Hau Giang makes efforts to roll out WB-funded project

Vi Thanh city in the Mekong Delta province of Hau Giang will make efforts to ensure the progress of the Vietnam - Scaling-Up Urban Upgrading Project: Resettlement plan for Vi Thanh city, heard a meeting on September 13.
COVID-19 deepens economic fallout in Laos World

COVID-19 deepens economic fallout in Laos

The continuing COVID-19 pandemic has exacerbated the economic downturn in Laos in the second quarter of this year as employment fell sharply, households and businesses suffered declining income and revenue, Vientiane Times on September 6 cited a recent survey by the World Bank (WB) as saying.
WB lowers Vietnam’s growth forecast to 4.8 percent in 2021 Business

WB lowers Vietnam’s growth forecast to 4.8 percent in 2021

While downside risks have heightened, economic fundamentals remain solid in Vietnam, and the economy could converge toward the pre-pandemic GDP growth rate of 6.5-7 percent from 2022 onward, said Rahul Kitchlu, World Bank Acting Country Director for Vietnam.