Vietnamplus

With its outstanding achievements over the past three decades, Vietnam is a development success story and continues to perform well even in the pandemic on a range of indicators, including trade, growth and human capital, Victoria Kwakwa, Vice President for East Asia and the Pacific at the World Bank, has said.

The expanded road transport network with the building of expressways in Vietnam has contributed to the country’s noted economic growth over the past 15 years, heard a forum in central Khanh Hoa province on September 28.

Vietnam is capable of generating 10 GW of electricity by offshore wind farms by 2030, suggested studies carried out by the Danish Energy Agency (DEA) and the World Bank (WB).

Most economic and financial indicators continue to demonstrate Vietnam’s resilience, according to the Vietnam Macro Monitoring report for September of the World Bank (WB).

A new report by the World Bank Group pointed out that between 2010 and 2020, the Human Capital Index for Vietnam increased from 0.66 to 0.69.

A new report by the World Bank Group pointed out that between 2010 and 2020, the Human Capital Index for Vietnam picked up from 0.66 to 0.69.

Manufacturing firms are increasingly focusing on offering quality childcare services to ensure they retain workers.

The Ministry of Health kicked off a five-year project on developing district- and commune-level healthcare systems in 13 provinces nationwide at an online conference held on August 25.

In a recent article, The Economist said a few emerging markets will still grow this year, including Vietnam.

Economists have predicted the resurgence of the COVID-19 pandemic could leave Vietnam facing its lowest level of economic growth in 35 years.

The International Finance Corporation (IFC) – a member of the World Bank Group – will provide another 40 million USD for the Orient Commercial Bank (OCB) to help with the support of COVID-hit clients, especially small and medium enterprises (SMEs).

Textile and electronics have been the two export-oriented sectors mostly impacted by the COVID-19 pandemic, an official has said.

The World Bank and the State Bank of Vietnam on July 30 signed a 6.2 million USD grant agreement to strengthen Vietnam’s COVID-19 surveillance and testing capacities, research capacity for COVID-19 vaccines and test kits, and communications about the pandemic.

Vietnam is projected to be the fifth highest-growing economy in the world this year and the country has a unique opportunity to increase its footprint in the global economy in both trade and investment, Stefanie Stallmeister, World Bank Acting Country Director for Vietnam, has said.

The Philippines and the World Bank have signed a loan agreement worth 370 million USD for a project to support local farmers, the Xinhua news agency reported, citing the Philippines’ Department of Finance (DOF) as saying on July 20.

The World Bank has warned that the Indonesian economy might contract 2 percent this year if mobility restrictions are further implemented to contain the spread of COVID-19, local media reported.

The World Bank’s Board of Executive Directors on July 17 approved a 100 million USD credit from the International Development Association (IDA) for the Cambodia Road Connectivity Improvement Project.

HCM City authorities have ordered the city Department of Natural Resources and Environment to work with agencies and district authorities to strictly monitor the discarding of litter and untreated sewage in canals in the city.

From July 1, Mme. Carolyn Turk will work at the World Bank (WB) Hanoi office as its country director in Vietnam, according to the office.

The World Bank (WB)’s Board of Executive Directors has approved grants totalling 422 million USD to support Vietnam’s tertiary education sector and urban development, the WB in Vietnam announced on July 1.