The Ministry of Transport has freshly approved a project for developing waterway corridors and logistics in the southern region, which is worth nearly 3.9 trillion VND (163.34 million USD) funded by the World Bank (WB).
The World Bank Board of Directors approved a US$263.9¬-million International Development Association credit for Vietnam on June 19, aimed at bolstering the country’s efforts to achieve an inclusive, green, and digitally-driven economic recovery with reforms aimed at supporting households, businesses, and expansion of renewable energy.
Vietnam’s GDP growth is forecast to expand 7.5% in 2022 and 6.7% in 2023, with resilient manufacturing and a robust rebound in services serving as the driving forces for economic recovery, according to World Bank.
The World Bank will continue to accompany the Government of Vietnam on its future development path to address strategic issues such as healthcare capacity, disease control and climate change adaptation, along with financial assistance.
Despite Vietnam facing challenges in restarting its economy following a prolonged lockdown, positive dynamics observed in October would suggest continued pickup and strengthening of growth in coming months, according to the World Bank.
Vietnam’s economic growth could slow as its population ages, squeezing public finance and stressing the service delivery system, unless timely reforms are set in motion, a new World Bank report finds.
Vietnam’s GDP is expected to expand by about 4.8% in 2021, and the economy could converge toward the pre-pandemic GDP growth rate of 6.5% to 7% from 2022 onward, the World Bank has forecast.
Within the framework of the the 37th ASEAN Summit, Prime Minister Nguyen Xuan Phuc on November 14 chaired the 15th East Asia Summit (EAS) in virtual format. Secretary-General of the United Nations António Guterres and World Bank Group President David Malpass delivered important remarks at the event.
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.
PSNews - Minister - Chief of the Governmental Office Mai Tien Dung stated that, since its opening in December 2019, the national public service portal has achieved positive results, and reached the Government's goal of better serving the people and businesses.
The World Bank and the Ministry of Finance today signed a financing agreement for a grant worth US$10.5 million to promote integrated urban development and transport connectivity along a new Bus Rapid Transit corridor in Ho Chi Minh City.
Deputy Prime Minister Trinh Dinh Dung hosted a reception in Hanoi on December 20 for Regional Director of the World Bank (WB)'s Infrastructure Department in the East Asia and Pacific Region Ranjit Lamech and WB Country Director in Vietnam Ousmane Dion.
The Global Infrastructure Facility (GIF)’s Governing Council has approved 1.5 million USD in funding for the World Bank and Vietnam to carry out the Solar Pilot Auction Program, the WB said on December 18.
Vietnam’s economy has performed well in 2019, with GDP expanding by an estimated 6.8 percent, public debt reduced by almost 8 percentage point of GDP since 2016, and a trade balance surplus for the fourth year in a row. These results are remarkable in the context of a slowing global economy.
The south central coastal province of Phu Yen has called for the World Bank (WB)’s provision of official development assistance (ODA) and soft loans for infrastructure and economic development in the locality.
The World Bank (WB) and the United Nations Children’s Fund (UNICEF) have called for solid steps to handle undernutrition among Vietnamese children, and reaffirmed their strong commitments to work with the Government in this issue as the country is building its socio-economic development strategy for 2021-2030.
The Japan International Cooperation Agency (JICA) and the World Bank (WB) on August 7 jointly launched a knowledge-sharing programme to assist policymakers in Vietnam with developing new models of care services for the elderly as Vietnam’s population is aging at a pace faster than any of its regional peers.
PSNews - Movitel, Viettel’s brand in Mozambique, was recently chosen by the World Bank as one of its partners to run a project to improve the quality of life and access to financial services for needy people in rural and remote areas of Mozambique.
The World Bank Board of Executive Directors today approved a US$80 million loan to help Vietnam improve the quality of, and access to, basic health services in 13 provinces, with a focus on poor areas of the country.
The World Bank Board of Executive Directors today approved a $194.36 million credit to help four secondary cities in Vietnam build critically-needed municipal infrastructure and strengthen urban planning.
