The Vietnamese Government has made bold and reasonable decisions to fight against the COVID-19 pandemic and be proactive with comprehensive initiatives for economic recovery.

The World Bank Board of Executive Directors on June 30 approved financing for two projects worth a total of US$422 million to help build a climate-resilient city in the Mekong Delta and improve the quality of Vietnam’s three national universities.

World Bank President David Malpass says billions of people will have their livelihoods affected.

The World Bank Board of Executive Directors on June 5 approved a US$84.4 million IDA credit to support multi-sectoral policy reforms by the Government of Vietnam to promote climate-resilient landscapes and green transport and energy systems.

In a recent report titled “Vibrant Vietnam: Forging the Foundation of a High-Income Economy”, the World Bank has suggested that a productivity-driven development model,

The World Bank (WB) has predicted that the EU-Vietnam Free Trade Agreement (EVFTA) could help Vietnam’s GDP and exports grow 2.4 percent and 12 percent, respectively, by 2030, the Ministry of Industry and Trade (MoIT) has reported.

As the old saying goes, “What does not break you makes you stronger.” This is so true for Vietnam, not only throughout its rich history but also in the current context.

The EU-Vietnam trade deal is the largest new-generation free trade agreement in Vietnam’s history in terms of direct benefits.

The Government wants the business community to provide feedback and input to help improve the National Public Service Portal, heard a conference held by the PM’s Council on Administrative Reform and the WB in Hanoi on May 19.

Despite a four-month high in the consumer price index, Vietnam will likely be successful in reining in inflation this year thanks to a decline in oil price and public demand, as well as the government’s efforts to stabilise prices in the market.

Asteep decline in business confidence is expected to contribute to a drop in economic growth this year, but the Vietnamese economy is projected to rebound significantly next year

Vietnam’s economy has been seriously hurt by the continuing coronavirus pandemic. 

The health crisis has led to huge demand for capital for Vietnam to fuel domestic production activities and medical treatment. 

There is no time when speed matters more than when a pandemic strikes, and what is unfolding with the COVID-19 pandemic worldwide speaks volumes to this. 

Many African economies had been growing strongly before the coronavirus hit - no longer.

With decade-low first-quarter growth, the fast and furious spread of the coronavirus pandemic has prompted high-profile international organisations to revise down their forecasts on Vietnam’s 2020 economic growth.

More than 100 global organisations want debt payments to be waived for developing countries this year.

While Vietnam remains significantly exposed to the COVID-19 outbreak and the ongoing turbulence in the global financial markets, its economy stays resilient to external shocks in the first few months of 2020, according to the World Bank (WB).

A slew of sizeable liquefied natural gas-fired power projects have been in the development pipeline in the past year as a way to replenish national power sources as Vietnam turns on a greener growth path.

The move comes after world governments and central banks have taken action to ease the outbreak's impact.