nation turns around current account deficit

Nation turns around current account deficit

After eight years of suffering from a current account deficit, Vietnam will enjoy a surplus this year despite a turbulent economy.
oiling wheels of a slow moving machine

Oiling wheels of a slow moving machine

Vietnam improved its ranking in respect to tax facilitation as seen in the recent World Bank and International Finance Corporation (IFC)’s Doing Business 2013 Report, but it remains near the bottom among ASEAN countries. Hoang Thi Lan Anh, deputy head of General Department of Taxation (GDT)’s Reform and Modernisation Department, sheds some light on the matter.
better corporate governance in vietnam an ongoing journey

Better corporate governance in Vietnam, an ongoing journey

Juan Carlos Fernandez Zara, Corporate Governance senior operation officer for Asia-Pacific of the International Finance Corporation (IFC), a member of the World Bank Group, has observed that many companies in Vietnam still see corporate governance as something remotely necessary.
ifc urges vietnams listed firms to improve governance

IFC urges Vietnam’s listed firms to improve governance

A new report by IFC, a member of the World Bank, called on Vietnamese companies to strengthen corporate governance to enhance competitiveness and attract local and foreign capital.
wb funds 70 mln for urban upgrading in can tho

WB funds $70 mln for urban upgrading in Can Tho

The World Bank (WB) has agreed to provide $69.9 million to upgrade the urban area in the southern city of Can Tho, according to local authorities.
economy to change trajectory

Economy to change trajectory

Amid concerns about Vietnam’s worsening business environment, there is also optimism for a rebound, a new World Bank report suggests.
vietnamese german university disburses 180 million

Vietnamese-German University disburses $180 million

Vietnamese-German University (VGU), the first of four planned new model state universities in Vietnam, recently disbursed a $180 million loan funded by the World Bank.
mlab east asia to stiffen mobile technologies

mLab East Asia to stiffen mobile technologies

Mobile technologies in Vietnam are getting a boost with the creation of a new research laboratory, dubbed mLab East Asia, in Ho Chi Minh City that is backed by the global technology giant Nokia and the World Bank.
world bank hydro plant to flow

World Bank hydro plant to flow

Vietnam’s first World Bank-funded hydropower project has just been licenced.
vietnam needs to address fundamental problems

Vietnam needs to address fundamental problems

For an economy whose growth largely depends on investment capital like Vietnam, inflation pressures lurk. World Bank country director Victoria Kwakwa tells VIR’s Linh Dung economic inefficiencies must be resolved for a long-term sustained growth.
pm promises quicker disbursement of wb funding

PM promises quicker disbursement of WB funding

Prime Minister Nguyen Tan Dung has asked the World Bank to continue providing preferential loans to Vietnam, pledging to take drastic measures to accelerate the disbursement of WB funding and increase the efficiency of the use of capital.
disbursement on oda projects to be stepped up

Disbursement on ODA projects to be stepped up

Ministries, branches and localities should strictly implement works on nine World Bank-funded projects while pledging to promptly make disbursement for the projects, bringing them out of the slow-disbursement list by 2012.
wb says vietnam makes good use of its loans

WB says Vietnam makes good use of its loans

Vietnam is one of the ten best countries in terms using their IDA loans, the World Bank said at a conference it jointly held with the Vietnamese Ministry of Planning and Investment in Hanoi on Wednesday.
wb to lend 42bln to vietnam

WB to lend $4.2bln to Vietnam

The World Bank (WB) has pledged to provide Vietnam with a $4.2 billion loan in 2012-2016 period, according to a recent deals between WB and Vietnamese Ministry of Planning and Investment.
wb vietnam to grow 57 per cent in 2012

WB: Vietnam to grow 5.7 per cent in 2012

Vietnam is expected to gain an economic growth rate of 5.7 per cent and inflation rate to decline below 10 per cent in 2012, the World Bank (WB) says in its latest East Asia and Pacific Economic Update.