Tag: WB

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

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.

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.

Recent report from World Bank identifies risk of inflation facing Vietnam.

Six platforms suggested by World Bank would promote the development of Vietnam’s capital market.

A new credit package from the World Bank (WB) aims to encourage policy reform under two pillars: support economic recovery through tax and financial support for the growth of businesses; and contribute to greening trade policies, promoting e-government, and increasing the use of renewable energy. The WB is optimistic that Vietnam’s pace of reform will be accelerated in the time to come.

An estimated 270,000 people will benefit from the support package, of which some 3,500 are from vulnerable groups.

World Bank notes positive outlook but authorities must address high fiscal, financial, and social risks.