The World Bank will provide a 2.1 billion USD financing package for Indonesia, focusing oncreating jobs, stimulating economic growth, and enhancing access to clean energy across the country.
The move was driven by global and domestic challenges, shifting trade policies, a prolonged downturn in the real estate sector, and tightening credit cycles which have presented significant obstacles for Cambodia’s economy.
The World Bank said that to maintain rapid growth and achieve its ambitious development goal, Vietnam must deepen the sweeping institutional reforms that are underway, strengthen the legal and regulatory environment, and improve both the scale and quality of public investment.
Recent efforts show commitment, but achieving this goal will require even bolder reforms - an ‘institutional big push’ - to unlock the private sector’s potential to drive growth and create quality jobs for its people.
Prime Minister Pham Minh Chinh stated that the Vietnamese Government always regards the WB as an important, close, and trusted partner that has provided great support and made positive contributions to the country’s socio-economic development, helping the Southeast Asian nation achieve significant accomplishments in its “Doi moi” (renewal) process, international integration, and sustainable development.
President Luong Cuong's activities as part of his state visit to Laos, the 4th Vietnam – Belarus political consultation, and the WB's new growth forecast for Vietnam this year are among news highlights on April 25.
WB and ADB are long-standing strategic development partners of Vietnam, having supported the country’s poverty reduction, infrastructure development, governance, and sustainable development goals for decades.
NA Vice Chairman Le Minh Hoan desrcibed the project to develop one million hectares of high-quality and low-emission rice cultivation in the Mekong Delta as a symbol of the Vietnam – WB partnership.
Professor Tran Xuan Bach, who is also a Health Economist and Adjunct Professor at Johns Hopkins University, specialises in decision-analytic modeling to guide the development and assessment of health technologies and policies.
The World Bank (WB) has released a report which explores how Vietnam can upgrade its participation in global value chains to become a high-income country by 2045.
The Phan Rang-Thap Cham city sub-project – part of the Coastal Cities Sustainable Environment Project funded by the World Bank Group was inauguarted in the south-central province of Ninh Thuan on November 2 with improved infrastructure works that can benefit 69,000 local residents.
The south-central province of Ninh Thuan is proposing the World Bank (WB) finance a project on environmental hygiene improvement and climate change adaptation in local urban areas.
The Ministry of Planning and Investment recently presented to the Government three economic growth trajectories for 2025, with the highest rate forecast at 7.5%.
Vietnam's economy is expected to grow by 6.1 percent in 2024 and 6.5 percent in both 2025 and 2026, up from 5 percent last year, according to the latest Taking Stock report from the bank.
Vietnam's economy is forecast to grow 6.1% in 2024, and 6.5% in both 2025 and 2026, up from 5% last year, the World Bank (WB) has said in a new report.
Thailand's economic growth is projected to be 2.4% in 2024, down from the 2.8% forecast in April, mainly due to weaker-than-expected exports and contracted public investment earlier this year, the World Bank (WB) said on July 3.
The 4,040 hectares of forests planted and restored in the first phase of the World Bank (WB)-funded Forest Sector Modernisation and Coastal Resilience Enhancement Project will receive further care, as Prime Minister Pham Minh Chinh has issued a decision on the adjustment of the project investment, an official has said.
Deputy Prime Minister Tran Luu Quang on March 27 stressed the Vietnamese Government’s determination to speed up the disbursement of official development assistance (ODA) and concessional loans.
