Vietnam has distinguished itself as one of the fastest-growing economies in the East Asia-Pacific region in 2024. The country's remarkable performance is attributed to a robust recovery in exports coupled with strong domestic demand, Andrea Coppola, the World Bank's Lead Country Economist and Programme Leader for Equitable Growth, Finance and Institutions in Vietnam, Cambodia, and Laos, told the Vietnam News Agency.
The World Bank (WB) has released a report which explores how Vietnam can upgrade its participation in global value chains to become a high-income country by 2045.
The Phan Rang-Thap Cham city sub-project – part of the Coastal Cities Sustainable Environment Project funded by the World Bank Group was inauguarted in the south-central province of Ninh Thuan on November 2 with improved infrastructure works that can benefit 69,000 local residents.
The south-central province of Ninh Thuan is proposing the World Bank (WB) finance a project on environmental hygiene improvement and climate change adaptation in local urban areas.
The Ministry of Planning and Investment recently presented to the Government three economic growth trajectories for 2025, with the highest rate forecast at 7.5%.
Vietnam's economy is expected to grow by 6.1 percent in 2024 and 6.5 percent in both 2025 and 2026, up from 5 percent last year, according to the latest Taking Stock report from the bank.
Vietnam's economy is forecast to grow 6.1% in 2024, and 6.5% in both 2025 and 2026, up from 5% last year, the World Bank (WB) has said in a new report.
Thailand's economic growth is projected to be 2.4% in 2024, down from the 2.8% forecast in April, mainly due to weaker-than-expected exports and contracted public investment earlier this year, the World Bank (WB) said on July 3.
The 4,040 hectares of forests planted and restored in the first phase of the World Bank (WB)-funded Forest Sector Modernisation and Coastal Resilience Enhancement Project will receive further care, as Prime Minister Pham Minh Chinh has issued a decision on the adjustment of the project investment, an official has said.
Deputy Prime Minister Tran Luu Quang on March 27 stressed the Vietnamese Government’s determination to speed up the disbursement of official development assistance (ODA) and concessional loans.
Acting President Vo Thi Anh Xuan hosted in Hanoi on March 27 a reception for World Bank (WB) Country Director for Vietnam Carolyn Turk, who came to say goodbye at the end of her tenure.
Vietnam has received a 51.5-million-USD payment for verified emissions reductions (carbon credits) for reducing deforestation and forest degradation (commonly known as REDD+) and for enhancing carbon stored in forests through reforestation and afforestation.
Malaysia’s Institute for Democracy and Economic Affairs (IDEAS) on March 6 held a “Malaysia Outlook Conference 2024: Ensuring Stability Delivers” which attracted researchers, scholars, and the media.
2023 marked a significant milestone for the forestry sector as Vietnam successfully sold 10.3 million forest carbon credits (10.3 million tonnes of CO2) for the first time through the World Bank (WB) for 51.5 million USD, said Deputy Minister of Agriculture and Rural Development Nguyen Quoc Tri.
As many as 29,000 farmer households in the Mekong Delta province of Song Trang benefited from the Vietnam Sustainable Agriculture Transformation (VnSAT) project funded by the World Bank, heard a conference to review the project in the locality on December 28.
The forestry sector is set to harvest 17.5 billion USD from exports and 23 million m3 of wood from planted forests in 2024, Trieu Van Luc, Deputy Director of the Forestry Department under the Ministry of Agriculture and Rural Development, has unveiled.
Vietnam has recorded many encouraging results amid complex and unexpected developments in the world situation in 2023. Many experts and international organisations perceived that the country remains a bright spot in the global panorama.
Andrea Coppola, World Bank Lead Economist for Vietnam, has described Vietnam in 2023 as resilient, saying that amid the global economic slowdown, the Southeast Asian nation was still able to sustain a rate of growth that many other countries in the rest of the world can only dream about.