Vietnam remains one of the 10 countries receiving the most remittances in the world, according to the recent Migration and Development Brief by the World Bank and the Global Knowledge Partnership on Migration and Development (KNOMAD).
Deputy Prime Minister Tran Hong Ha on January 17 attended, delivered speeches at important sessions, and had bilateral meetings, as part of his activities at the 53rd World Economic Forum (WEF) Annual Meeting in Davos, Switzerland.
The World Bank’s Board of Executive Directors on December 20 approved a financing of 274 million USD to support reforms that will boost growth and strengthen Cambodia’s resilience, the World Bank announced on December 21.
Vietnam’s strong economic performance in 2022 has been driven by several factors, including export, domestic demand and private investment, according to Andrea Coppola, the World Bank’s lead economist.
Thailand’s economy is projected to recover to its pre-pandemic level in 2022, but the pace of growth will be slower than expected in 2023 owing to global headwinds, according to the World Bank.
Despite a decline in FDI registration, commitment in manufacturing rebounded sharply, increasing by 158% month on month and 50% year on year, according to the World Bank (WB).
Thailand’s economic outlook remains positive next year despite global headwinds, economists said at the forum “Thailand Insight 2023: Unlocking the Future” taking place on December 7 in Bangkok.
Driven by pent-up demand from consumers, the Philippine economy is forecast to grow 7.2% in 2022 before tapering off to an average of 5.7% in 2023, according to a report released by the World Bank on December 6.
A working delegation led by World Bank Managing Director of Development Policy and Partnerships Mari Pangestu paid a fact-finding trip to the Mekong Delta city of Can Tho on December 7 to check on the Can Tho City Development and Resilience Project.
Malaysia is doing relatively well in developing sustainable finance and enabling policy frameworks compared with other ASEAN countries, said the World Bank (WB) Group.
Urbanisation and city development are a chance for each country, region, and locality to make breakthrough development in all fields, Prime Minister Pham Minh Chinh told a national conference on November 30.
Many projects on education and training funded by the World Bank (WB) have reported good results, affirmed Minister of Education and Training Nguyen Kim Son during his recent working session with Cristian Aedo, Practice Manager for the Global Practice Education in South Asia at the WB.
Vietnamese and foreign experts shared experience in childhood education in order to build a new pre-school education programme during a conference held by the Ministry of Education and Training on November 22.
A joint working group between Ho Chi Minh City and the World Bank (WB) is an exemplary cooperation model, said Chairman of the provincial People’s Committee Phan Van Mai.
Experts from the World Bank (WB) suggested that Vietnamese monetary authorities consider further flexibility in the exchange rate, including a higher pace of depreciation.
Vietnam’s industrial production and retail sales slid down in October due to stalled demand at home and abroad, according to the Vietnam Macro Monitoring report released by the World Bank in Hanoi on November 16.
A Vietnamese delegation led by Minister of Natural Resources and Environment Tran Hong Ha attended an event regarding reducing greenhouse gas emissions in response to climate change held by the World Bank Group (WBG) on November 8.
The Vietnam International Bank (VIB) has just completed the procedures for the disbursement of a 150 million USD loan from the International Finance Corporation (IFC), a member of the World Bank Group.
Vietnam should come up with solutions to bring benefits for short, mid and long-terms, helping the economy to develop stronger towards becoming a high-income country by 2045, said Global Director of the World Bank (WB) Group's Macroeconomics, Trade and Investment Global Practice Marcello de Moura Estevão Filho.
Business
