indo trans logistics receives 70 million financing package from ifc

Indo Trans Logistics receives $70 million financing package from IFC

The IFC, a member of the World Bank Group, is providing a financing package of $70 million to Indo Trans Logistics Corporation of Vietnam in an aim to support the development of the logistics sector, thus facilitating trade and enhancing the competitiveness of the country’s economy during COVID-19.
unique advantages can pull vietnam out of uncertainty

Unique advantages can pull Vietnam out of uncertainty

In life, economic and health gains are not always equal. This is true for individuals and for countries. While Vietnam has managed to contain the pandemic so far, its economy has been hurt in recent months. 
ifc loans to vpbank and ocb to boost finance for local businesses

IFC loans to VPBank and OCB to boost finance for local businesses

The International Finance Corporation (IFC) is providing $140 million in loans to VPBank and OCB to help the two banks support local businesses with disrupted cash flows sustain operations and maintain employment.
rebound likely despite bumpy roads

Rebound likely despite bumpy roads

Despite a serious dip in local production caused by the health crisis, Vietnam is expected to be one of the fastest-growing nations worldwide this year, with the economy forecast to stay among the few nations with positive growth.
world bank grants 62 million to aid vietnam in fight against covid 19

World Bank grants $6.2 million to aid Vietnam in fight against COVID-19

The World Bank’s new emergency response project worth $6.2 million will contribute to helping Vietnam monitor and respond to the COVID-19 pandemic.
phu my hung asks 75 million for help from ifc

Phu My Hung asks $75 million for help from IFC

The International Finance Corporation (IFC), a member of the World Bank Group, is providing a financing package of $75 million to Phu My Hung Development Corporation to help sustain its property development operations after COVID-19.
wb australia to support vietnam in mitigating covid 19 impacts

WB, Australia to support Vietnam in mitigating COVID-19 impacts

The World Bank (WB) Group and the Australian Government have agreed to extend their strategic partnership in Vietnam with a commitment of a further 5 million AUD to support Vietnam’s economic recovery and protect the most vulnerable from the negative impacts of the COVID-19 pandemic.
pm receives outgoing wb country director

PM receives outgoing WB Country Director

Prime Minister Nguyen Xuan Phuc lauded outgoing Country Director of the World Bank (WB) in Vietnam Ousmane Dione for his impressive contributions to the ties between the lender and the country, during a reception in Hanoi on June 22.
wb to continue supporting vietnam on development path

WB to continue supporting Vietnam on development path

World Bank (WB) Country Director for Vietnam Ousmane Dione said the bank will continue supporting the Southeast Asian country on its development path at a meeting with Politburo member Nguyen Van Binh, head of the Party Central Committee's Economic Commission in Hanoi on June 10.
wb country director in vietnam impressed by hanois covid 19 control

WB Country Director in Vietnam impressed by Hanoi’s COVID-19 control

Country Director of the World Bank (WB) in Vietnam Ousmane Dione has expressed his appreciation of the success Vietnam and Hanoi in particular had in controlling the COVID-19 pandemic.
optimising the recovery route ahead for vietnam as a whole

Optimising the recovery route ahead for Vietnam as a whole

As the old saying goes, “What does not break you makes you stronger.” This is so true for Vietnam, not only throughout its rich history but also in the current context.
keys to nations investment optimism

Keys to nation’s investment optimism

Recent analyses by the World Bank indicate that Vietnam will be one the few countries in the entire world to experience positive economic growth in 2020.
modest inflation expected for 2020

Modest inflation expected for 2020

Despite a four-month high in the consumer price index, Vietnam will likely be successful in reining in inflation this year thanks to a decline in oil price and public demand, as well as the government’s efforts to stabilise prices in the market.
economic rebound still outwith reach

Economic rebound still outwith reach

Asteep decline in business confidence is expected to contribute to a drop in economic growth this year, but the Vietnamese economy is projected to rebound significantly next year thanks to a surge in domestic production after the coronavirus pandemic.
world bank vietnams economy could thrive again after social distancing eased

World Bank: Vietnam’s economy could thrive again after social distancing eased

The World Bank (WB) has issued an update on Vietnam’s macro-economy for May, in which it said the economy may prosper again after social distancing measures were eased nationwide on April 23.