For Vietnam to realise its aspiration for reaching high income status by 2045, the country will need to shift its economic growth model and sharply improve the government’s capacity to coordinate and implement economic policy reforms and public investments, a World Bank Group report says.
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 Vietnamese Government and the World Bank have signed an agreement for financing of 221.5 million USD to support Vietnam’s post-pandemic recovery through policy reforms aimed at improving financial inclusion and spurring greater environmental resilience.
Minister of Agriculture and Rural Development Le Minh Hoan has pledged to tackle obstacles to two projects on food safety and hygiene, and sustainable fishery development, saying that they are urgent to Vietnam’s agriculture.
Vietnam has tremendous opportunities to attract foreign investment as global companies are seeking for a destination promising continuity, World Bank Country Director for Vietnam Carolyn Turk said during an interview with the Vietnam News Agency.
National Assembly Chairwoman Nguyen Thi Kim Ngan has hailed the World Bank and its Country Director in Vietnam Ousmane Dione for their contributions to Vietnam’s development in various areas, especially in institution and infrastructure development.
Minister of Planning and Investment Nguyen Chi Dung has said authorities are considering the allocation of 1 billion USD for the sustainable development of the Mekong Delta to cope with climate change.
Vietnam’s growth momentum moderated since the beginning of the year, but outlook remains positive, according to Taking Stock, the World Bank (WB)’s bi-annual economic report on Vietnam released on July 1.
The signing of the European Union-Vietnam Free Trade Agreement (EVFTA) was a strong and positive sign in demonstrating Vietnam’s policy of supporting free trade, said Ousmane Dione, World Bank Country Director for Vietnam.
Chairman of the Ho Chi Minh City People’s Committee Nguyen Thanh Phong and World Bank (WB) Country Director for Vietnam Ousmane Dione on November 22 took a fact-finding trip to the city’s District 2 where the second phase of a WB-funded environmental sanitation project is underway.
Vietnam has been growing at 6 percent plus over the past few years and this is indicative of the contributions of women to business and the economy, World Bank Country Director for Vietnam Ousmane Dione has said in a recent interview granted to the Vietnam News Agency.
The World Bank Country Director for South East Asia Ulrich Zachau has praised Thailand for improvement in business facilitation while leading a team of researchers in a recent meeting with Prime Minister Prayut Chan-o-cha.
World Bank (WB) Country Director in Vietnam Ousmane Dione has pledged to assist Vietnam in fields of request and stand ready to offer policy consultations to the Vietnamese government.
President Tran Dai Quang asked World Bank to work closely with the Vietnamese government in establishing the Vietnam – WB Country Partnership Strategy (CPS) framework.
The Vietnamese Government commits to creating favourable conditions for international organisations and investors, and foreigners to live and do business in the country.
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