The World Bank approved a 93-million-USD credit for the Cambodia Land Allocation for Social and Economic Development Project III (LASED III), it said in a press statement last week.
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.
Indonesia recorded an additional 1,178 new cases of COVID-19 on June 25, pushing the country’s total to 50,187, while the number of fatalities increased to 2,620.
The World Bank (WB) Group and the Australian Government have agreed to extend their strategic partnership in Vietnam with a commitment of a further 5 million AUD to support Vietnam’s economic recovery and protect the most vulnerable from the negative impacts of the COVID-19 pandemic.
The Asian Infrastructure Investment Bank (AIIB) announced on June 23 that it and other banks had approved loans totalling 1 billion USD loan to help strengthen Indonesia’s health and economic responses to the COVID-19 crisis.
The World Bank (WB) in Vietnam and the People’s Committee of south-central Phu Yen province have signed a Memorandum of Understanding establishing a partnership for strategic engagements.
World Bank (WB) Country Director for Vietnam Ousmane Dione said the bank will continue supporting the Southeast Asian country on its development path at a meeting with Politburo member Nguyen Van Binh, head of the Party Central Committee's Economic Commission in Hanoi on June 10.
Overseas remittances sent to Ho Chi Minh City reached 2.3 billion USD this year to early June, down 1.9 percent year-on-year, said the municipal branch of the State Bank of Vietnam.
The Philippine economy is projected to contract 1.9 percent this year due to the economic fallout triggered by natural disasters and COVID-19, the World Bank said in an updated report released on June 9.
Cambodia’s agriculture sector is unlikely to be able to substantially absorb laid-off workers from the garment and tourism industries, according to a World Bank report.
The World Bank in Vietnam announced on June 6 that the Bank’s Board of Executive Directors had approved an 84.4 million USD credit from the International Development Association (IDA) to support Vietnam’s multi-sectoral policy reforms so as to promote climate-resilient landscapes and green transport and energy systems.
Unemployment in the Philippines soared to 17.7 percent in April, equivalent to around 7.3 million jobless Filipinos amid the COVID-19 pandemic, the Philippine Statistics Authority (PSA) announced on June 5.
In its latest update released on June 3, the World Bank (WB) said Vietnam’s economy has gradually bounced back since social distancing measures were eased.
The Indonesian government is preparing 89 new National Strategic Projects (NSP) worth a total 1,422 trillion rupiah (94.8 billion USD) throughout 2020 – 2024, a senior minister said.
In his blog published on the World Bank website in late May, Jacques Morisset, World Bank Lead Economist and Program Leader for Vietnam, has called the country ‘a bright star in the COVID-19 dark sky’.
The World Bank (WB) released a report on May 27, offering policy recommendations to help Vietnam maintain quality growth through more dynamic firms, more efficient infrastructure, skills, and a move toward a greener economy.
The World Bank (WB) released a report on May 27, offering policy recommendations to help Vietnam maintain quality growth through more dynamic firms, more efficient infrastructure, skills, and a move toward a greener economy.
The People’s Committee of the northern mountainous province of Ha Giang signed a strategic cooperation framework for the 2020 – 2025 period with the World Bank (WB) in Vietnam on May 25.