keys to nations investment optimism

Keys to nation’s investment optimism

Recent analyses by the World Bank indicate that Vietnam will be one the few countries in the entire world to experience positive economic growth in 2020.
modest inflation expected for 2020

Modest inflation expected for 2020

Despite a four-month high in the consumer price index, Vietnam will likely be successful in reining in inflation this year thanks to a decline in oil price and public demand, as well as the government’s efforts to stabilise prices in the market.
economic rebound still outwith reach

Economic rebound still outwith reach

Asteep decline in business confidence is expected to contribute to a drop in economic growth this year, but the Vietnamese economy is projected to rebound significantly next year thanks to a surge in domestic production after the coronavirus pandemic.
world bank vietnams economy could thrive again after social distancing eased

World Bank: Vietnam’s economy could thrive again after social distancing eased

The World Bank (WB) has issued an update on Vietnam’s macro-economy for May, in which it said the economy may prosper again after social distancing measures were eased nationwide on April 23.
taking lessons on board for an economic jump start

Taking lessons on board for an economic jump-start

Vietnam’s economy has been seriously hurt by the continuing coronavirus pandemic. Ousmane Dione, the World Bank’s country director for Vietnam, talked with VIR's Thanh Thu about the foundations for the economy to recover, the lessons from the health crisis, and the nation’s prospects after the pandemic ends.
remittances to experience sharpest decline in history due to covid 19

Remittances to experience sharpest decline in history due to COVID-19

Global remittances are projected to drop by 20 per cent in 2020 – the sharpest decline in history because of the economic fallout stemming from the COVID-19 pandemic.
adb approves 15 bln usd loan for indonesia to curb covid 19 outbreak

ADB approves 1.5-bln-USD loan for Indonesia to curb COVID-19 outbreak

The Asian Development Bank (ADB) on April 23 approved a loan of 1.5 billion USD to support Indonesia's efforts to cushion the impacts of COVID-19.
two key southern waterways logistics corridors proposed with world bank funding

Two key southern waterways logistics corridors proposed with World Bank funding

Awaiting the prime minister's approval, the project on developing two key waterway logistics corridors with World Bank funding would give a facelift to shipping infrastructure in the Mekong Delta and Ho Chi Minh City.    
vietjet secures longer repayment timeline on aircraft loan

Vietjet secures longer repayment timeline on aircraft loan

Vietnamese airline Vietjet has announced reaching an agreement with lenders HSBC, Citibank, and the World Bank to delay the repayment of its loans.
ifc works with vietnam to expand export markets for dragon agricultural products

IFC works with Vietnam to expand export markets for dragon agricultural products

IFC, a member of the World Bank Group, has signed an MoU with the Plant Protection Department of the Ministry of Agriculture and Rural Development to support its efforts to expand export markets for Vietnamese agricultural produce. Improvements in quality will help Vietnamese agricultural products access new high-value markets to increase exports and income for farmers.  
a catalyst for digital change

A catalyst for digital change

There is no time when speed matters more than when a pandemic strikes, and what is unfolding with the COVID-19 pandemic worldwide speaks volumes to this. First detected in China last December, the coronavirus has travelled to almost every country and territory around the world, infecting well over a million people and claiming tens of thousands of lives.
loan policy a true juggling act

Loan policy a true juggling act

The health crisis has led to huge demand for capital for Vietnam to fuel domestic production activities and medical treatment. However, questions arise over how the country can positing itself to access more international loans amid its efforts to control public debts.
wb approves 500 mln usd loan to philippines

WB approves 500 mln USD loan to Philippines

The World Bank (WB) said on April 10 that its Board of Executive Directors had approved 500 million USD policy loan to help strengthen the Philippine government's capacity to address disaster risks, respond to and recover from natural disasters, as well as support urgent needs created by the COVID-19 crisis.
sustained growth can be achieved through reforms

Sustained growth can be achieved through reforms

With decade-low first-quarter growth, the fast and furious spread of the coronavirus pandemic has prompted high-profile international organisations to revise down their forecasts on Vietnam’s 2020 economic growth which, however, remains far more optimistic than those of regional economies.
first world bank operations for covid 19 emergency health support underway

First World Bank operations for COVID-19 emergency health support underway

The first group of World Bank projects, amounting to $1.9 billion, will assist 25 countries and new operations are moving forward in over 40 countries using the fast-track process.