ifc plans to ramp up banking loans

IFC plans to ramp up banking loans

The financial sector is ranked first in priority of investment in Vietnam for the World Bank Group’s private investment arm IFC in 2018, according to Kyle Kelhofer, IFC country manager for Vietnam, Cambodia, and Laos.
67 per cent growth rate projected by world bank

6.7 per cent growth rate projected by World Bank

What does 2018 hold for Vietnam’s economy? Sebastian Eckardt, World Bank’s lead economist for Vietnam, gives VIR an analysis of the country’s positive macro-economic performance in 2017, as well as prospects of the new year.
ifc invests in dnp water for better access to water in vietnam

IFC invests in DNP Water for better access to water in Vietnam

IFC, a member of the World Bank Group, has secured a convertible loan of $15.3 million for  DNP Water JSC, a subsidiary of Dong Nai Plastic JSC, to enhance clean water access for urban households and residents in Vietnam.
wb pushes vn to streamline accounting law

WB pushes VN to streamline accounting law

The World Bank, in partnership with the Ministry of Finance (MoF), launched the Report on the Observance of Standards and Codes (ROSC) in accounting and auditing at a ceremony in Ha Noi on December 14.
world bank reports stronger growth momentum in vietnam

World Bank reports stronger growth momentum in Vietnam

Robust domestic demand and the manufacturing and services sectors fuel GDP growth, reaching a projected 6.7 per cent for 2017, according to the World Bank’s Taking Stock update report on the development of the Vietnamese economy released this morning.
reforms raise local ranking

Reforms raise local ranking

Vietnam’s business environment has significantly improved, with the World Bank raising the country’s business climate index by 14 ranks – a record improvement over recent years.
11 billion people invisible lacking official identity world bank

1.1 billion people 'invisible', lacking official identity: World Bank

WASHINGTON: Over 1.1 billion people mainly in Asia and Africa lack official proof of identity that would get them access to public health care, education and finance, according to the World Bank.
non performing loans can weaken the banking system

Non-performing loans can weaken the banking system

Việt Nam’s banking system has focused intensely on tackling its non-performing loans (NPLs) over the past few years, following the PM’s five-year (2011-2015) plan to restructure the nation’s credit institutions as well as the recently approved Resolution 42. Despite this, NPL volumes remain high, undermining the safety and efficiency of financial institutions. Việt Nam News reporter Phương Uyên discusses various facets of the issue with Alwaleed Alatabani, Lead Financial Sector Specialist at the World Bank in Việt Nam.
world bank group announces new strategy in vietnam

World Bank Group announces new strategy in Vietnam

The World Bank Group on September 22 announced the Vietnam Country Partnership Framework (CPF) for 2017- 2022 at a workshop in Dong Thap province in the presence of World Bank Country Director for Vietnam Ousmane Dione and representatives from 13 Mekong Delta provinces.
world bank and vietnam to pilot solar power auctions

World Bank and Vietnam to pilot solar power auctions

In preparation for the coming open energy market in Vietnam, the World Bank and the Ministry of Industry and Trade (MoIT) will implement the pilot programme to auction solar power with the floor price of 9.35 US cent per kWh. The programme is aimed at accelerating the development of registered projects, while simultaneously luring in more new investment capital.
world bank announces new cooperation framework with vietnam

World Bank announces new cooperation framework with Vietnam

The World Bank Group will help Vietnam develop a strong private sector, which will be able to get fairer treatment in a level domestic playing field.
vns value chain integration praised by wb

VN’s value chain integration praised by WB

According to the World Bank (WB), Việt Nam has integrated into the global value chain and improved national economic progress and productivity through creative policy making for the transportation, service, border control and regional co-operation sectors.
three contractors blacklisted by world bank for fraud

Three contractors blacklisted by World Bank for fraud

Strict penalties were levied on three contractors for fraud during the bidding process of two projects running under Vietnam Inland Waterways Administration as the main investor and funded by the World Bank.
low vat rates in vietnam benefit the rich more than the poor wb

Low VAT rates in Vietnam benefit the rich more than the poor: WB

Despite widespread public opposition to raising VAT rates, a World Bank chief economist argues otherwise.
low emission energy technology sole lifeline of textile and garment sector

Low-emission energy technology: sole lifeline of textile and garment sector

The World Bank has officially introduced a $312.5-million loan package as part of the project themed “Vietnam Energy Efficiency for Industrial Enterprises” (VEEIE) to provide Vietnamese textile and garment enterprises capital to modernise equipment to save energy.