World Bank

Addressing power shortages a prerequisite to economic stability

August 22, 2023 | 13:00

The international community is calling for the country to ensure sufficient and stable power for production, investment, and maintaining its economic stability.

World Bank forecasts growth of 4.7 per cent in 2023

August 11, 2023 | 10:18

According to the latest report by the World Bank, Vietnam’s economy is expected to grow by 4.7 per cent in 2023, with a slow recovery to 5.5 per cent in 2024.

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

August 04, 2023 | 09:30

To respond to climate change by 2040, Vietnam will need approximately $400 billion. However, the state budget is only anticipated to provide $130 billion.

Opportunities and challenges for Vietnam in financial sector reform

August 02, 2023 | 18:10

Vietnam is presented with several opportunities and challenges, 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

July 31, 2023 | 16:45

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

July 27, 2023 | 11:22

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

July 12, 2023 | 15:40

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.

World Bank approves 1.1 billion USD Indonesia loan

July 03, 2023 | 16:25

The World Bank has approved two projects worth 1.1 billion USD to expand access to cleaner electricity in Indonesia.

World Bank supports Vietnam's inclusive and sustainable recovery

July 03, 2023 | 08:59

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,

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

June 09, 2023 | 11:09

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

June 01, 2023 | 17:00

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.

Enhancing resistance of buildings to natural disasters

April 20, 2023 | 14:45

IFC launched BRI on April 20 to help Vietnamese enterprises build climate-resilient building projects.

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

April 10, 2023 | 14:15

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 2023’s growth ambitions

March 23, 2023 | 09:00

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.