Tag: world bank

Three major international institutions all see Vietnam staying among Asia’s fastest-growing economies despite rising external risks.

The World Bank has officially reclassified Vietnam as an upper-middle-income country, four years earlier than anticipated.

According to the World Bank's annual country classification released on July 1, Vietnam's GNI per capita increased from $4,490 in 2024 to $4,970 in 2025, lifting the country from the lower-middle-income to the upper-middle-income category.

From AI and semiconductors to digital transformation and R&D, Vietnam is betting on strategic technologies and innovation to shape its next phase of economic growth.

Despite an increasingly uncertain global environment, the World Bank expects Vietnam’s economy to remain among the strongest performers in ASEAN.

The project has investment capital of VND500 billion (nearly $20 million).

Vietnam's HCI+ results in 2026 are not only related to education and healthcare but also tied to public financial management, showing the country's ability to transform public budget investments in education and healthcare into tangible economic outcomes.

The country recording 80.32 points out of 100, according to the WB's Business Ready 2025 report.

WB has consistently been one of Vietnam’s largest international donors with 180 programs/projects totaling over $26 billion.

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.