Topic: WB

Growth momentum expected to slow this year.

Latest report from World Bank details approaches and solutions to help Vietnam achieve its target of becoming a high-income country by 2045.

The World Bank maintains its 5.5% growth forecast for 2024, even as Vietnam's first-quarter GDP surges to a five-year high.

Suggestion made in bank’s November Vietnam Macro-monitoring report.

Adaptation and decarbonization are two key challenges, World Bank believes.

Core inflation up from 4.5 per cent in October to 4.8 per cent in November.

Optimistic about Vietnam’s economy recovering strongly after Covid-19, primarily due to greater exports and the recent return of foreign tourists, the World Bank (WB) has forecast that GDP could grow 7.2 per cent this year. It also forecasts that inflation will come in at 3.8 per cent this year and 4 per cent next.

World Bank releases report on Vietnam’s macro-economic situation.

On July 18, at a meeting with Mr. Axel van Trotsenburg, World Bank (WB) Executive Director, Prime Minister Pham Minh Chinh suggested that the bank continue to support Vietnam in climate change adaptation, with a safe and flexible response including reductions in carbon and methane emissions in agriculture and the introduction of policies to build an independent and self-reliant economy.

Report from World Bank on Vietnam’s macro-economic situation notes achievements but also risks posed by inflation.