approximately 68 per cent of vietnams gdp lost annually to climate change

Approximately 6.8 per cent of Vietnam's GDP lost annually to climate change

To effectively respond to climate change by 2040, Vietnam will need approximately $400 billion. However, the state budget is only anticipated to provide approximately $130 billion.
opportunities and challenges for vietnam in financial sector reform

Opportunities and challenges for Vietnam in financial sector reform

Carolyn Turk, country director for the World Bank in Vietnam, delves into the opportunities and challenges Vietnam faces as it builds a resilient and modern financial sector legal and regulatory framework.
world bank approves nearly 130 million usd to help nghe an province improve livability

World Bank approves nearly 130 million USD to help Nghe An province improve livability

The World Bank Board of Directors on July 31 approved a project worth 129.6 million USD to strengthen flood resilience and improve sanitation, transport, and public space infrastructure in Nghe An province's Vinh city - a political, economic, and cultural centre of the north-central coastal region.
international aid for carbon mitigation now on the table

International aid for carbon mitigation now on the table

International institutions, including the World Bank, are willing to provide financial aid for Vietnam’s agricultural sector to complete carbon emissions mitigation.
philippines wb sign 600 million usd deal for farming modernisation

Philippines, WB sign 600 million USD deal for farming modernisation

The Philippine Department of Finance (DOF) has signed a 600-million USD loan agreement with the World Bank (WB) for the country’s modernisation and industrialisation of the agricultural sector.
everpia launch the first green building factory in vietnam

Everpia launch the first green building factory in Vietnam

Everpia Corporation (HSX:EVE), one of the first South Korean enterprises in Vietnam and the first foreign-invested enterprise to list on the stock exchange, has seen its factory at Giang Dien Industrial Zone be awarded the EDGE Advanced green certificate with recognition by the World Bank as a green building.
world bank approves 11 billion usd indonesia loan

World Bank approves 1.1 billion USD Indonesia loan

The World Bank has approved two projects worth 1.1 billion USD to expand access to cleaner electricity in Indonesia.
world bank supports vietnams inclusive and sustainable recovery

World Bank supports Vietnam's inclusive and sustainable recovery

The World Bank approved $264 million of International Development Association credit for Vietnam on June 29, aimed at bolstering the country's efforts to achieve an inclusive, green, and digitally driven economic recovery, aimed at supporting households, businesses and the expansion of renewable energy.
world bank forecasts philippines gdp to grow 6 per cent in 2023

World Bank forecasts Philippines' GDP to grow 6 per cent in 2023

The World Bank's Philippines Economic Update (PEU) said on June 7 that it expects the Philippines' gross domestic product (GDP) to grow 6 per cent this year and 5.9 per cent in 2024 due to solid domestic demand.
world bank approves 176 million usd fisheries project in philippines

World Bank approves 176-million-USD fisheries project in Philippines

The World Bank (WB) on May 31 approved a 176-million-USD loan to fund a fisheries project that aims to improve fisheries management, enhance the value of fisheries production, and raise incomes for coastal communities in the Philippines.
wb cambodias economy on solid recovery path

WB: Cambodia’s economy on solid recovery path

Cambodia’s economy is on a recovery path, with growth predicted to accelerate to 5.5 per cent this year, according to a World Bank (WB) report.
external headwinds continue to hurt vietnams economy world bank

External headwinds continue to hurt Vietnam's economy: World Bank

The recent report of the World Bank (WB) on Vietnam said that the economy was facing external headwinds as weakening external demand continues to weigh on exports, translating into weakening industrial production.
enhancing resistance of buildings to natural disasters

Enhancing resistance of buildings to natural disasters

IFC launched the Building Resilience Index on April 20 to help Vietnamese enterprises build climate-resilient projects.
world bank imf spring meetings to get underway in complex economic environment

World Bank, IMF spring meetings to get underway in complex economic environment

The World Bank and International Monetary Fund's spring meetings get underway later this week with an ambitious reform and fundraising agenda likely to be overshadowed by concerns over high inflation, rising geopolitical tension and financial stability.
high pedestal to reach for 2023s growth ambitions

High pedestal to reach for 2023’s growth ambitions

A series of risks including a reduction in domestic production and global demand, and heightened geopolitical complexity are expected to make it more difficult for Vietnam to reach its economic growth indicators this year.