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World Bank

World Bank forecast that VNs economy will expand by 6.1 per cent in 2024

World Bank forecast that VN’s economy will expand by 6.1 per cent in 2024

A fundamental issue in Việt Nam which needs to be overcome to ensure healthy and sustainable growth is the underdevelopment of the institutional investor base.
World Bank and Đà Nẵng City to promote co-operation in digital database management

World Bank and Đà Nẵng City to promote co-operation in digital database management

The central city and the World Bank (WB) will be boosting co-operation in building digital databases as a crucial step towards full digitalisation and becoming a ‘smart’ city.
VNs economy forecast to grow by 5.5 per cent in 2024

VN's economy forecast to grow by 5.5 per cent in 2024

After experiencing downturns in 2023, Việt Nam''s economy has been showing signs of recovery during the first quarter of 2024.
Economy picking up, support still needed: WB

Economy picking up, support still needed: WB

Việt Nam continued to show improvement in economic activities, according to the latest report by the World Bank (WB).
PM calls on WB, IFC to support Việt Nams large-scale infrastructure projects

PM calls on WB, IFC to support Việt Nam’s large-scale infrastructure projects

The PM affirmed that the Vietnamese Government considers the WB and IFC crucial development partners, which have supported and contributed to the nation’s socio-economic development through policy advice and financial assistance for ODA projects, preferential loans and loans for the...
TLG and IFC sign advisory agreement on sustainable rice supply chain

TLG and IFC sign advisory agreement on sustainable rice supply chain

A An Food JSC signed an advisory agreement on the establishment of a sustainable rice supply chain with the International Finance Corporation (IFC), a member of the World Bank Group Tuesday. 
Changes required to improve efficiency and management of public invesment: WB

Changes required to improve efficiency and management of public invesment: WB

Despite growing needs, Việt Nam''s public investments have been on a declining trend from 8 per cent of GDP in 2011 to 6 per cent in 2022.
Investments - key to economic growth in Viet Nam: WB expert

Investments - key to economic growth in Viet Nam: WB expert

Andrea Coppola, World Bank Lead Economist for Viet Nam speaks to Vietnam News Agency about his recommendations for the country to speed up economic recovery and development in the time to come.
VN, Cambodia have fastest port turnaround times in ASEAN: WB

VN, Cambodia have fastest port turnaround times in ASEAN: WB

Container shipping in Viet Nam and Cambodia had the lowest port turnaround times in ASEAN in June 2022 with both countries scoring averages of 0.9 days, according to the World Bank (WB)’s report.
VNs economy registers strong growth in Q3: World Bank

VN’s economy registers strong growth in Q3: World Bank

The bank’s October report, Vietnam Macro Monitoring, shows that industrial production and retail sales posted another month of high growth rates (13.0 per cent and 36.1 per cent year-on-year) which could be attributed both to strong economic activities and to...
Viet Nam retains positive economic outlook in short-term: World Bank

Viet Nam retains positive economic outlook in short-term: World Bank

Viet Nam''s economy is expected to grow by 7.2 per cent in 2022 on the back of a strong recovery in domestic demand.
Bad debts remain a challenge for banks in Q4 2022

Bad debts remain a challenge for banks in Q4 2022

According to the World Bank (WB), if including potential NPLs from restructured debts, the number of NPLs in the Vietnamese banking system is not low and must be continuously monitored.
Vietnams economic recovery remains strong despite uncertainties: WB

Vietnam’s economic recovery remains strong despite uncertainties: WB

The World Bank (WB)''s June edition of its monthly Vietnam Macro Monitoring highlights Viet Nam''s economic recovery remained strong despite heightened global uncertainties.
Institutional reforms key to reaching high-income status

Institutional reforms key to reaching high-income status

Viet Nam must seek to adapt its economic growth model while drastically improving the government''s capacity to coordinate and implement economic policy reforms and public investments to realise its objective of reaching high-income status by 2045.
WB warns of heightened risks looming

WB warns of heightened risks looming

While Viet Nam''s economic recovery was gaining momentum, the government must pay more attention to "inflation and heightened risks of weaker global demand and supply disruptions to economic prospects", said a World Bank report on the South East Asian economy...