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.
The Malaysian economy is forecast to expand by 5.8 percent in 2022, as domestic and external demand recovers, the World Bank (WB) said in a report on December 21.
Vietnam’s economic conditions continued to improve, with both industrial production and retail sales registered a third month of growth, said World Bank (WB) in the December edition of its Vietnam Macro Monitoring.
While sustainable smart cities are considered a solution to sustain international business investments, for Việt Nam experts have advised local cities and provinces to prioritise building them to attract FDI.
The World Bank and the Global Knowledge Partnership on Migration and Development (KNOMAD) forecast that remittance to Vietnam is estimated at 18.1 billion USD in 2021.
Minister of Agriculture and Rural Development Le Minh Hoan and World Bank Country Director for Vietnam Carolyn Turk co-chaired a high-level policy dialogue on low-carbon green agricultural transformation and emissions reduction on November 30.
The World Bank will always support Vietnam and Ho Chi Minh City in particular during the process of construction and development, WB Country Director for Vietnam Carolyn Turk said on November 29.
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 (WB) in Vietnam said in its Vietnam macroeconomic update for November released on November 12.
Prime Minister Pham Minh Chinh on November 2 met with Prime Minister of the Czech Republic Andrej Babis, President of the Republic of Armenia Armen Sarkisian and World Bank (WB) Managing Director of Operations Axel van Trotsenburg on the sidelines of the 26th United Nations Climate Change Conference of the Parties (COP26) in the UK.
Politburo member and Secretary of the Hanoi Party Committee Dinh Tien Dung appreciated the World Bank (WB)’s aid for the capital while receiving WB Country Director for Vietnam Carolyn Turk on November 2.
Digital technology, if exploited to the maximum, can bring over 1.733 quadrillion VND (74 billion USD) to Vietnam by 2030, with the most beneficial sectors including manufacturing, agriculture and food, and education-training.
The Vietnam Administration of Sea and Islands (VASI) at the Ministry of Natural Resources and Environment and the World Bank have jointly held a virtual consultation workshop on the building of a Blue Economy partnership group.
The Australian Government has approved a grant of 5 million AUD to help Vietnam enhance competitiveness, reduce carbon footprint, and improve lives and livelihoods, according to the World Bank.
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 (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.
The World Bank has revised Malaysia’s economic growth projection to 3.3 percent in 2021, while forecasting a higher economic growth of 5.8 percent in 2022 and 4.5 percent in 2023 for Malaysia.
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.
On September 21, in the framework of his on-going working trip to the US, President Nguyen Xuan Phuc witnessed the signing of an agreement worth nearly 2 billion USD between Vietnam’s Bamboo Airways and General Electric’s GE Aviation in New York.
Vietnam attracted 14 billion USD in foreign direct investment (FDI) in the first eight months of this year, only 2 percent lower than the same period last year, showing foreign investors’ confidence in Vietnam’s economic scenario in mid-and long terms.
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.
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