economy stability a cg focus

Economy stability a CG focus

Stabilising the macroeconomy and focusing on sustainable development are set to overshadow the Consultative Group meeting this week, from December 7-8, says Victoria Kwakwa, country director for the World Bank in Vietnam, a co-chair of the meeting.
world bank blacklists us firm for corruption

World Bank blacklists US firm for corruption

The World Bank said Friday it has barred business with a US company for 12 years, alleging fraud and corruption in development projects.
deputy pm calls for more world bank aid

Deputy PM calls for more World Bank aid

Deputy Prime Minister Nguyen Sinh Hung on November 17 requested the World Bank (WB) give more support and assistance to Vietnam.
firms enjoying reformed procedures

Firms enjoying reformed procedures

In the Doing Business Report for 2011, the World Bank and the IFC named Vietnam a good example in easing company start-ups by creating a one-stop shop that combined the process for obtaining business and tax licenses and by eliminating the need for a seal for company licensing. Deputy minister of Planning and Investment (MPI) Nguyen Van Trung spoke with VIR about the issues.

World moving towards new monetary system: Zoellick

The global economy is moving towards a new monetary system with gold emerging as a preferred alternative to existing asset, World Bank president Robert Zoellick said Wednesday.

World Bank chief calls for gold to anchor forex movements

World Bank president Robert Zoellick has called on bickering G20 nations to bring gold back into the global monetary system as an anchor to guide currency movements.
singapore still top for small business says report

Singapore still top for small business, says report

Singapore remains the easiest place in the world for small and medium sized firms to do businesses but rival Hong Kong gained on it as it came second in a World Bank report released Thursday.

World Bank warns China at risk from global trade imbalances

The World Bank on Wednesday boosted its growth forecast for China to 10 per cent for 2010, but warned that global tensions over trade imbalances could cast a shadow over the rosy economic outlook.

Vietnamese economy recovers strongly

The economic recovery in Vietnam in particular and in East Asia and the Pacific in general is robust, said the World Bank (WB) in its latest East Asia and Pacific Economic Update.
east asia booming but rising currencies a risk world bank

East Asia booming, but rising currencies a risk: World Bank

TOKYO, October 19, 2010 - East Asia is leading the global recovery, but its success has attracted a surge of capital that has inflated currencies, spelling a risk to exports and future growth, the World Bank said Tuesday.

WBank says rising Asian currencies a risk for future growth

TOKYO, October 19, 2010 - The World Bank warned Tuesday that capital inflows into fast-growing East Asian economies have inflated regional currencies and could threaten growth by making exports less competitive.

IFC and Vietinbank shake hands

IFC, a member of the World Bank Group, and Vietnam Joint Stock Bank for Industry and Commerce (Vietinbank) signed strategic cooperation agreement in a bid to pave the way for stake sale of Vietinbank this quarter.

Loans power up electricity

The cash-strapped power industry got an injection of financial support from the World Bank, which last week decided to provide huge loans.

Economic target in fine health despite flu fear

Though Vietnam could become a hotspot for a possible outbreak of avian flu, the World Bank insists the country will still reach its projected high growth rate this year because the flu, even if it does occur, will not have a large impact on the economy.
world bank lauds business reforms

World Bank lauds business reforms

The World Bank last week recognised impressive progress of the Vietnamese government in its reform programmes to create a more favourable business environment.