mobilising efficient capital for biodiversity positive economy

Mobilising efficient capital for biodiversity-positive economy

Biodiversity loss affects every single aspect of life, including economic activities and the financial system. This is because many economic and financial activities depend on ecosystem services which are threatened due to the unprecedented global biodiversity loss, according to a trailblazing report published by the World Bank in 2023 which investigated the biodiversity risks of the banking systems in 20 emerging markets.
ifc fully divests from abbank

IFC fully divests from ABBank

International Finance Corporation (IFC), a member of the World Bank Group, has sold 84.8 million shares or an 8.2 per cent stake in ABBank, according to a planned divestment roadmap.
key driver gains a must for growth

Key driver gains a must for growth

Only slight order number improvements and enterprise confidence sentiment mean it may be difficult for the country to hit its desired growth goals this year.
pm receives outgoing wb country director

PM receives outgoing WB Country Director

Prime Minister Pham Minh Chinh on March 28 hosted a reception for World Bank (WB) Country Director for Vietnam Carolyn Turk, who came to say goodbye at the end of her tenure.
ifc considers 150 million investment in ocb

IFC considers $150 million investment in OCB

International Finance Corporation (IFC), a member of the World Bank Group, is considering investment of up to $150 million in Vietnam-based OCB.
hanoi to ask for wbs help with design of national railway station

Hanoi to ask for WB’s help with design of national railway station

The Hanoi Department of Transport has proposed the municipal People’s Committee ask for the World Bank (WB)’s assistance in the technical design of the general layout for the Ngoc Hoi national railway station complex.
ho chi minh city seeks investors for 67 billion green projects

Ho Chi Minh City seeks investors for $6.7 billion green projects

Ho Chi Minh City is calling for investments in 28 projects, worth around VND160 trillion (over $6.7 billion), dedicated to green growth objectives. These projects were introduced at a conference on January 24 at Lotte Hotel.
ho chi minh city needs to start carbon credit market quickly

Ho Chi Minh City needs to start carbon credit market quickly

On the sidelines of an investment conference centred around green growth on January 24, Muthukumara S. Mani, Lead Environmental and Climate Change Economist, Southeast Asia Region at the World Bank, spoke with VIR’s Bich Ngoc on the importance of the Vietnam’s carbon credit market development.
world bank to support ho chi minh city on carbon credits

World Bank to support Ho Chi Minh City on carbon credits

The opportunities and challenges presented by operating a carbon credit market in Ho Chi Minh City in line with the World Bank were the main talking points of a meeting on January 24 between Chairman of Ho Chi Minh City People's Committee Phan Van Mai and World Bank experts at an investment conference centred around green growth on January 24.
world bank approves 231 million for binh duong water improvement project

World Bank approves $231 million for Binh Duong Water Improvement Project

On January 12, the World Bank Board of Directors approved the Binh DuongWater Environment Improvement Project, which will focus on water quality and wastewater treatment for over half a million residents in southern Vietnam.
the state of play for vietnams economy into 2024

The state of play for Vietnam’s economy into 2024

The Vietnamese economy is set in 2024 to grow at a higher rate than in 2023. Andrea Coppola, lead economist for the World Bank in Vietnam, spoke with VIR’s Nguyen Dat about the country’s economic performance last year and prospects for the future.
wb funded agriculture project benefits 29000 farmer households in soc trang

WB-funded agriculture project benefits 29,000 farmer households in Soc Trang

As many as 29,000 farmer households in the Mekong Delta province of Song Trang benefited from the Vietnam Sustainable Agriculture Transformation (VnSAT) project funded by the World Bank, heard a conference to review the project in the locality on December 28.
vietnam seals major carbon credit deal fetching 53 million

Vietnam seals major carbon credit deal, fetching $53 million

Vietnam has successfully executed a landmark transaction, selling 10.3 million tonnes of CO2 emission credits to the World Bank for nearly VND1.25 trillion VND ($52.74 million), as confirmed by the Ministry of Agriculture and Rural Development to the prime minister on December 28.
ifc focuses on vietnams transition to low carbon model

IFC focuses on Vietnam’s transition to low-carbon model

To help boost the value and competitiveness of Vietnam’s agricultural sector, the IFC a member of the World Bank Group is supporting A An Food JSC to enhance its rice production quality and sustainability. This will raise income for farmers and mills along the company’s supply chain and reduce greenhouse-gas emissions in rice farming.
digital transformation is the way forward for agriculture

Digital transformation is the way forward for agriculture

Experts, government officials, industry leaders, and innovators from around the world gathered in Hanoi on November 9 for a crucial event to explore how digital tools can transform Vietnam's agricultural sector, making it more competitive, sustainable, and climate-resilient.