Ho Chi Minh City always considers the World Bank (WB) its important long-term development partner, said Vice Chairman of the municipal People’s Committee Vo Van Hoan.
HCM City (VNA) – Ho Chi Minh City always considers the World Bank (WB) itsimportant long-term development partner, said Vice Chairman of the municipal People’sCommittee Vo Van Hoan.
During aworking session on November 19 with Carolyn Turk, new Country Director of the WBin Vietnam, Hoan highlighted the crucial role played by resources provided bythe bank for the city’s socio-economic development, affirming that the localitywill effectively use them.
He alsospoke highly of Turk’s efforts since she began her term.
The WB official paid field trips to projects on Ho Chi Minh City's green transport development and environmentalsanitation, thus considering the bank's further support for the city to implement theprojects.
Hoanapplauded the bank’s help for HCM City in planning an innovation urbanarea in the East, expressing his hope that the WB will continue to support the cityto accelerate the implementation of projects, as well as provide it with resourcesfor digital transformation and developing public transport system in the comingtime.
For herpart, Turk expressed the hope to continue working closely with the municipal authorities to quickly remove problems facing theimplementation of projects in the city.
She also recommended that projects should be implemented on schedule, ensuring the requirementsas committed by the city.
Based on the works done, the WB will create more favourable conditions for the cityin the process of proposing its new plans in the future, she said./.
With its outstanding achievements over the past three decades, Vietnam is a development success story and continues to perform well even in the pandemic on a range of indicators, including trade, growth and human capital, Victoria Kwakwa, Vice President for East Asia and the Pacific at the World Bank, has said.
The World Bank stands ready to support and cooperate with Vietnam in many spheres like climate change response and renewable energy development, said WB Managing Director of Operations Axel van Trotsenburg on November 4.
Vietnam has tremendous opportunities to attract foreign investment as global companies are seeking for a destination promising continuity, World Bank Country Director for Vietnam Carolyn Turk said during an interview with the Vietnam News Agency.
The World Bank (WB) recently released a report in which it called on the Vietnamese Government to take urgent action to ensure future growth in the face of natural disaster risks.
Developed with state-of-the-art infrastructure, the Da Nang FTZ is designed to become a leading regional economic centre and a strategic growth pole in Vietnam’s new development landscape.
The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
At the working session (Photo: VNA) 
