Vietnam economic recovery expected to speed up in H2: WB

Vietnam economic recovery expected to speed up in H2: WB

Vietnam’s economy has shown signs of uneven recovery in early 2024 and economic activities are expected to firm up in the second half of this year, the World Bank says in its latest bi-annual economic update.

Economy - Tue, April 23, 2024 | 4:37 pm

WB estimates $25 bln foreign investment after Vietnam stock market upgrade

WB estimates $25 bln foreign investment after Vietnam stock market upgrade

Vietnam’s stock market status upgrade from “frontier” to “emerging” by global index providers FTSE Russell and MSCI can attract international investments of $25 billion by 2030, the World Bank estimates.

Finance - Tue, April 16, 2024 | 8:50 pm

Finalization of green taxonomy 'a matter of urgency'

Finalization of green taxonomy 'a matter of urgency'

Vietnam's Ministry of Natural Resources and Environment (MoNRE) has tasked its Institute of Strategy and Policy on Natural Resources and Environment to draft a green taxonomy. The Investor talked with Assoc. Prof. Dr. Nguyen Dinh Tho, head of the institute, to take a deep dive into green finance development in Vietnam and the green taxonomy.

Economy - Wed, April 3, 2024 | 7:00 am

WB retains 2024 growth forecast for Vietnam at 5.5% despite Q1 surge

WB retains 2024 growth forecast for Vietnam at 5.5% despite Q1 surge

The World Bank has kept its growth projections for Vietnam’s GDP at 5.5% for 2024 and 6% for 2025, unchanged from its forecasts in October 2023, despite the country’s Q1 growth hitting a five-year high on a quarterly basis.

Economy - Mon, April 1, 2024 | 10:54 am

Vietnamese stocks can attract additional $25 bln with market status upgrade: WB

Vietnamese stocks can attract additional $25 bln with market status upgrade: WB

International investors can pour an additional $25 billion into Vietnam’s stock market by 2030 if its status is upgraded from frontier market to emerging market, says a World Bank expert.

Finance - Thu, February 29, 2024 | 4:13 pm

Intel, WB to help Danang with semiconductor, AI training

Intel, WB to help Danang with semiconductor, AI training

U.S.-based Intel Corporation and the World Bank have pledged to support the central city of Danang train residents in semiconductor and artificial intelligence (AI).

Economy - Wed, February 28, 2024 | 8:22 pm

WB willing to finance Vietnam’s railway sector

WB willing to finance Vietnam’s railway sector

The World Bank has surveyed and is willing to finance some railway projects in Vietnam, said Kathy Whimp, operations manager for the World Bank in Vietnam, at a Monday meeting with Deputy Minister of Transport Nguyen Danh Huy.

Finance - Wed, February 7, 2024 | 10:01 am

HCMC should become greenest place to do business in ASEAN: WB exec

HCMC should become greenest place to do business in ASEAN: WB exec

A Ho Chi Minh City-World Bank working group created two years ago aims to make the city “the greenest place to do business in ASEAN,” said Carolyn Turk, the World Bank’s Vietnam country director.

Economy - Wed, January 24, 2024 | 11:12 pm

WB to invest $231 mln in southern Vietnam water improvement

WB to invest $231 mln in southern Vietnam water improvement

The World Bank has approved a $311 million project of improving the water environment in Binh Duong province, serving 550,000 people in southern Vietnam.

Economy - Mon, January 15, 2024 | 4:59 pm

WB revises down Vietnam’s 2024 GDP growth forecast to 5.5%

WB revises down Vietnam’s 2024 GDP growth forecast to 5.5%

Vietnam’s GDP growth could reach 5.5% in 2024 and 6% in 2024, the World Bank said in its January 2024 edition of the “Global Economic Prospects” report.

Economy - Thu, January 11, 2024 | 10:22 am

Vietnam GDP growth can reach 5-6.7% in 2024: finance institutions

Vietnam GDP growth can reach 5-6.7% in 2024: finance institutions

Foreign organizations have expressed a positive outlook about Vietnam’s GDP growth next year on the basis that the country’s economic growth is likely to surpass 5% this year as forecast by Party General Secretary Nguyen Phu Trong.

A year in review and 2024 forecasts - Fri, December 29, 2023 | 7:00 am

Vietnam, WB to promote projects worth $5-7 bln in next 3 years

Vietnam, WB to promote projects worth $5-7 bln in next 3 years

Vietnam and the World Bank have agreed to quicken the implementation of existing projects and promote game-changing projects within the framework of the latter’s $5-7 billion loans for Vietnam in the next three years.

Economy - Mon, December 4, 2023 | 10:57 am

Improve project quality to boost implementation speed, economic recovery, WB tells Vietnam

Improve project quality to boost implementation speed, economic recovery, WB tells Vietnam

Improving project quality through better feasibility studies and reforming public investment procedures will help the Vietnamese government speed up their implementation and hasten economic recovery, a World Bank note says.

Economy - Wed, November 22, 2023 | 4:08 pm

Vietnam seeks WB soft loans for major traffic, climate projects

Vietnam seeks WB soft loans for major traffic, climate projects

Prime Minister Pham Minh Chinh has urged the World Bank (WB) to provide low-interest loans for key and large-scale traffic and climate-focused projects in Vietnam.

Economy - Wed, November 15, 2023 | 10:07 am