innovation to be the new engine of vietnams growth

Innovation to be the new engine of Vietnam's growth

Promoting technology absorption and diffusion, and enhancing human capital will be key to driving sustained economic growth in Vietnam, according to two new reports launched today by Vietnam’s Ministry of Science and Technology, the Australian government, and the World Bank.
plastic as a valuable resource for vietnam to tackle plastics pollution

Plastic as a valuable resource for Vietnam to tackle plastics pollution

A new IFC-World Bank analysis argues that treating used plastic as a resource provides a compelling financial case for Vietnam to scale up recycling and other plastic circularity efforts while fostering sustainable economic development locally.
stronger private sector a key to economic transformation in vietnam

Stronger private sector - a key to economic transformation in Vietnam

As Vietnam battles another wave of COVID-19, accelerating the pace of reforms, upgrading workforce skills and infrastructure will strengthen the private sector to help the country recover from the pandemic and unlock its potential, according to a new World Bank Group report.
foreign investors maintain confidence in vietnams economy

Foreign investors maintain confidence in Vietnam’s economy

Vietnam attracted 14 billion USD in foreign direct investment (FDI) in the first eight months of this year, only 2 percent lower than the same period last year, showing foreign investors’ confidence in Vietnam’s economic scenario in mid-and long terms.
firms given recommendations to develop sustainably realise dual goals

Firms given recommendations to develop sustainably, realise dual goals

A webinar themed “Sustainable Businesses Implement Dual Goals” was held on September 9 as part of the 8th Vietnam Corporate Sustainability Forum (VCSF).
world bank ifc and australia partner to strengthen vn capital market

World Bank, IFC and Australia partner to strengthen VN capital market

The IFC and the World Bank, in partnership with the Australian government, are implementing a multi-year advisory programme to facilitate Viet Nam’s stock market development, the IFC announced on Tuesday.
world bank and australia partner to strengthen vietnams capital market

World Bank and Australia partner to strengthen Vietnam’s capital market

As Vietnam seeks increased capital to sustain economic activities to continue strong growth in the wake of COVID-19, IFC, the World Bank, and the Australian government have partnered to promote the development of the country’s equity capital market.
world bank japan support vietnams fight against covid 19

World Bank, Japan support Vietnam’s fight against COVID-19

The World Bank (WB) and the Institute for Social Development Studies (ISDS) have recently signed a financing deal worth 2.75 million USD for a project on strengthening COVID-19 response capacity at the grassroots level in Vietnam.
world bank lowers vietnams 2021 economic growth outlook to 48 per cent

World Bank lowers Vietnam's 2021 economic growth outlook to 4.8 per cent

The latest wave of coronavirus infections continues to drag the Vietnamese economy this year, with the World Bank slashing its 2021 GDP growth forecast to 4.8 per cent from its previous estimate of 6.8 per cent.
greener finance incentives picked up by local banks

Greener finance incentives picked up by local banks

Capital injection from international and local lenders is envisaged to help boost green-driven, sustainable and high-value agricultural models, as well as bridge the gap for the climate-finance market which is still at the nascent stage in Vietnam.
remittances to ho chi minh city rise to 37 billion in first seven months

Remittances to Ho Chi Minh City rise to $3.7 billion in first seven months

Despite the impact of the COVID-19 outbreak, remittances flowing into Ho Chi Minh City increased sharply in the first seven months of 2021.
world bank and covax to accelerate vaccine access for developing countries

World Bank and COVAX to accelerate vaccine access for developing countries

The World Bank and the COVAX global vaccine distribution programme introduced a new financing mechanism to accelerate COVID-19 vaccine supply for developing countries including Vietnam.
inclusive recovery and improved urban governance in ho chi minh city

Inclusive recovery and improved urban governance in Ho Chi Minh City

The World Bank has just approved two development policy operations totaling $321.5 million for Vietnam and Ho Chi Minh City to support efforts to improve urban management and promote a recovery that is inclusive, digitally transformative, and sustainable.
vietnams economy shows high resilience in fourth outbreak of coronavirus

Vietnam's economy shows high resilience in fourth outbreak of coronavirus

Vietnam's economy appears to have performed relatively well during the fourth outbreak of coronavirus, according to the June 2021 Vietnam Macro Monitoring report by the World Bank.
defining the difficult choices of our age

Defining the difficult choices of our age

The COVID-19 pandemic has hit the poorest and most vulnerable people in developing countries the hardest, worsening inequality and exacerbating existing challenges – insufficient healthcare systems, education deficits, stagnant incomes, rising conflict and violence, poorly-selected debt contracts, and climate change.