Hanoi (VNA) –From July 1, Mme. Carolyn Turk will work at the World Bank (WB) Hanoi office asits country director in Vietnam, according to the office.
A British citizen, shejoined the lender in 1998 and has held various positions, with her latest beingthe country direction of the WB in Ethiopia, South Sudan, Sudan and Eritrea.
The official willshoulder the leading role in intensifying WB investment and knowledge sharingprogrammes with Vietnam so as to help the country achieve the goal of becominga middle-high income state by 2045.
As of June 30, 2020,the WB had provided Vietnam with more than 24.86 billion USD, including grants,credits and loans aimed to support development programmes.
Over the past sixmonths, it pledged an additional 516.67 million USD for projects in the fieldsof transport, urban development, university education, climate change and greengrowth. WB’s study and consultation programmes in Vietnam have also created astrategic source of knowledge and consultation, thus providing a timelyassistance to the national development roadmap./.
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.
The World Bank (WB) in Vietnam and the People’s Committee of south-central Phu Yen province have signed a Memorandum of Understanding establishing a partnership for strategic engagements.
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.
The World Bank approved a 93-million-USD credit for the Cambodia Land Allocation for Social and Economic Development Project III (LASED III), it said in a press statement last week.
The World Bank (WB)’s Board of Executive Directors has approved grants totalling 422 million USD to support Vietnam’s tertiary education sector and urban development, the WB in Vietnam announced on July 1.
The new Government decree also simplifies loan procedures while expanding credit incentives to include organic and circular agriculture, allowing them to access preferential terms similar to those of high-tech and value-chain based agricultural production.
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.
