Tag: world bank

In its latest report “Vietnam 2045 – Breaking Through Institutions for a High-Income Future,” the bank emphasizes the central role of institutional reforms in ensuring sustainable growth.

The projects are expected to be partly funded by loans from the World Bank (WB), with a total investment equivalent to $385 million.

Total capital for the Integrated Resilient Development Project - Khanh Hoa province sub-project estimated at around $171 million.

A eight-year project has directly benefited over 1.8 million farmers in the Mekong Delta

Despite global trade challenges, Vietnam's economy shows signs of recovery, although experts offer slightly varying forecasts for its 2024 growth trajectory.

Initiative will not only create job opportunities in the central city but also provide the conditions for local researchers and businesses to cooperate and access modern technology.

New credit aims to bolster efforts to achieve an inclusive, green, and digitally-driven economic recovery.

Partnership demonstrates Australia’s ongoing commitment to Vietnamese men and women.

Mr. Rahul Kitchlu, Program Leader for Infrastructure and Lead Energy Specialist at the World Bank (WB), offered six solutions for Vietnam to achieve green growth and sustainable development. These include improvements in planning energy network expansion and the regulatory framework for procurement, to ensure low-cost renewable energy supply; pouring public investment into the power grid; and promoting electricity transmission and trading between regions.

In a report published on August 8, the World Bank (WB) forecasts that Vietnam’s GDP growth will come in at 7.5 per cent in 2022, up from its January forecast of 5.5 per cent. It also believes that growth drivers will shift from external demand to domestic demand, and from the manufacturing and processing sector to the service sector, and makes four policy recommendations: more supportive fiscal policy; flexible monetary policy; strengthening the banking system; and restructuring.

Stakeholders shared their thoughts on the investment potential the central city holds at the Da Nang Investment Forum 2022.

Leaders from the State Securities Commission worked with representatives from the World Bank and FTSE Russell on June 24 on upgrading Vietnam’s stock market. The World Bank and FTSE Russell representatives proposed a number of solutions for the stock market to be upgraded soon and affirmed their continued support to Vietnam in building a sustainable bourse.

Vietnam still has much to do to improve its institutional modernization and become a high-income country by 2045.

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

World Bank revises 2022 forecast down to 5.3% from 6.5% last October.

In a recent report, the World Bank (WB) assessed that economic activity in Vietnam is continuing to recover, with a number of bright spots clearly visible, and recommended that the country encourage export enterprises to seek new markets and create new products through global value chains and FTAs to strengthen export resilience.

The “Building bridges for people’s livelihoods and managing local road assets” project, funded by the World Bank (WB), has had its capital adjusted from nearly $409 million to more than $423 million. The Prime Minister has approved a proposal from the Ministry of Transport to use the WB loan balance in the project due to the exchange rate difference to renovate roads in the three northern provinces of Lao Cai, Lang Son, and Nam Dinh.

In a recent report, the World Bank (WB) pointed out that many of Vietnam’s socio-economic indicators are showing signs of a positive recovery. It believes the country’s economy has improved and will continue to grow.

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