WB

Update news WB

Nearly-98-million-USD environment project inaugurated in Ninh Thuan

The Phan Rang-Thap Cham city sub-project – part of the Coastal Cities Sustainable Environment Project funded by the World Bank was inauguarted in Ninh Thuan on November 2 with improved infrastructure works that can benefit 69,000 local residents.

Vietnam urged to accelerate productivity growth

According to the WB’s Governance Indicators, Vietnam’s regulatory quality has improved significantly over the past two decades.

Capital market could be major financial source for private sector: WB

The Vietnamese equity market boasts strong potential to become a major source of financing for the private sector, according to specialists from the World Bank.

Vietnam, Bangladesh surpass India in low-cost manufacturing: WB

India's global trade share has not kept pace with its economic growth, with Vietnam and Bangladesh overtaking the nation as low-cost manufacturing and export hubs, according to the World Bank's recent report.

Vietnam's economy projected to grow 6.1% this year: WB

Vietnam’s economic growth is expected to pick up in 2024, driven by a rebound in manufactured exports and tourism, and recovering consumption and business investment, the World Bank (WB) said on August 26 in a new report.

Vietnam's economic surge: Nearing high middle-income classification

Vietnam's economic growth rate surpasses several countries in the region, with a per capita GDP exceeding $4,300. Has Vietnam entered the high middle-income group?

Vietnam’s economy shows gradual recovery: WB’s report

Vietnam's economy is showing mixed signs of recovery in early 2024, with growth forecast to reach 5.5% in 2024 and gradually rise to 6.0% by 2025, according to the latest World Bank Taking Stock bi-annual economic update released on April 23.

Vietnam, WB address bottlenecks in project implementation

Deputy Prime Minister Tran Luu Quang lauded the World Bank (WB) for its continued support in mobilising funding for development projects in Vietnam at a reception in Hanoi on March 13 for WB Country Director Carolyn Turk.

Hanoi to ask for WB’s help with design of national railway station

The Hanoi Department of Transport has proposed the municipal People’s Committee ask for the World Bank (WB)’s assistance in the technical design of the general layout for the Ngoc Hoi national railway station complex.

World Bank seek partnership with Vietnam in energy development

Minister of Industry and Trade Nguyen Hong Dien held a working session with World Bank (WB) Regional Vice President for East Asia and Pacific Manuela V. Ferro in Hanoi on November 14.

PM calls on WB, IFC to support Vietnam’s large-scale infrastructure projects

PM Pham Minh Chinh received WB Regional Vice President for East Asia and Pacific Manuela V. Ferro, IFC Regional Vice President for Asia and the Pacific Riccardo Puliti, and IFC Vice President and Treasurer John Gandolfo in Hanoi yesterday..

May-June power shortages cost Vietnam US$1.4 billion: World Bank

The power outages in northern Vietnam in May and June inflicted a significant economic blow, totaling US$1.4 billion or 0.3% of Vietnam’s GDP, according to the latest report by the World Bank.

Vietnam’s economy to see stronger growth in next two years: WB

The World Bank forecasts that Vietnam’s economy will grow 4.7% in 2023, and accelerate to 5.5% in 2024 and 6.0% in 2025.

World Bank supports Vietnam in addressing El Nino and water security

Vietnam has received significant support from the World Bank (WB) to tackle the challenges posed by the El Nino phenomenon, climate change, and water security, in line with Vietnam’s green growth strategy.

WB provides US$264 million credit to VN inclusive and sustainable recovery

Reforms supported by this credit will strengthen Vietnam's ongoing recovery from the Covid-19 pandemic and subsequent commodity price shocks.

VN central bank must keep a close on financial market: WB

The State Bank of Vietnam must step up efforts in the management of the country's banking sector and prepare for all possible scenarios for timely and effective interventions, according to the World Bank (WB).

Vietnam consults WB experts about National Master Planning

Vietnam targets becoming a developing country with modern industry and upper middle income by 2030, and a high-income developed nation by 2045, said Minister of Planning and Investment Nguyen Chi Dung.

Vietnam to benefit most from RCEP: WB

Vietnam is anticipated to enjoy the highest trade and income gains among members of Regional Comprehensive Economic Partnership (RCEP), according to a latest World Bank report.

Health Minister proposes WB support local vaccine production

Minister of Health Nguyen Thanh Long has proposed that the World Bank (WB) help Vietnamn research and produce its own COVID-19 vaccines.

Chinese newspaper lauds Vietnam’s investment attractiveness

China’s Newsweek ran an article recently highlighting the positive outlook for Vietnam’s economy.