Vietnamplus

Ho Chi Minh City always considers the World Bank (WB) its important long-term development partner, said Vice Chairman of the municipal People’s Committee Vo Van Hoan.

Boosting support for Vietnamese enterprises to capitalise on free trade agreements (FTAs) and engage more deeply in global supply chains is an important solution to fuel post-pandemic exports and economic recovery, the Export Forum 2020 held in Ho Chi Minh City on November 18 heard.

Vietnam is one of a few countries worldwide to successfully control the COVID-19 pandemic, creating opportunities to invest in the country and attracting overseas remittances for production expansion.

The World Bank (WB) recently released a report in which it called on the Vietnamese Government to take urgent action to ensure future growth in the face of natural disaster risks.

Promoting the development of science and technology as well as digital economy is a wise choice for Vietnam to achieve an annual average economic growth rate of 7 percent during 2021-2030, according to experts.

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.

The World Bank stands ready to support and cooperate with Vietnam in many spheres like climate change response and renewable energy development, said WB Managing Director of Operations Axel van Trotsenburg on November 4.

US journal Borgen Magazine has run a story entitled “COVID-19 in Vietnam Declines: A Success Story” by Maggie Sun, highlighting Vietnam’s success in maintaining its safety and economic growth amidst the devastating impacts of the pandemic around the world.

The Vietnamese – German University (VGU) held an international workshop in Ho Chi Minh City on October 29 to share experience in building new university model, with nearly 200 lecturers, experts and scientists at home and abroad taking part.

The Ministry of Agriculture and Rural Development (MARD) and the World Bank (WB) - the trustee agency of the Forest Carbon Partnership Facility (FCPF) - signed an Emissions Reduction Purchase Agreement (ERPA) at a ceremony on October 22.

The World Bank released a report analysing natural disasters in Vietnam’s coastal areas and assessing the country’s risk management on October 21.

Prime Minister Nguyen Xuan Phuc hosted a reception in Hanoi on October 21 for Country Director of the World Bank in Vietnam Carolyn Turk.

Indonesia has been included in the list of 10 small-medium income countries with the largest foreign debt in the world, revealed a report of the World Bank (WB).

Reforms of checks on imported products will help improve the business climate while reducing time and costs, which will give significant room for growth, Minister and Chairman of the Government Office Mai Tien Dung has said.

Thailand's economy could contract by as much as 10.4 percent this year as trade and tourism are severely dampened by COVID-19, with the ongoing drought and floods adding to the woes, said the World Bank (WB).

The World Bank (WB) on September 30 said it has approved a loan worth 600 million USD to support the Philippine government's efforts to sustain social protection for the poor and most vulnerable families amid the COVID-19 pandemic.

The World Bank East Asia and Pacific Economic Update October 2020, released on September 29, forecast the Cambodian economy will contract 2 percent this year.

Indonesia’s economy could contract more than expected if the coronavirus pandemic remains uncontrolled, as Southeast Asia’s largest economy faces an “uneven and volatile” economic recovery, according to the World Bank (WB).

The World Bank (WB) has revised down Malaysia’s economic growth forecast this year to a contraction of 4.9 percent, from an early estimate of minus 3.1 percent, following a sharper than expected contraction in the second quarter of 2020.

Though Vietnam has done exceptionally well in quickly containing COVID-19, the pandemic has taken unprecedented toll on its economy. However, it is notable room for the country to further accelerate reforms and climb up global value chain to meet its long-term development goals, heard at a forum on September 29.