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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
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, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
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, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
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 - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam domestic investment, investor confidence still weak: World Bank
While Vietnam’s growth gathered pace in the third quarter, private domestic investment and investors’ confidence remained weak, according to a World Bank report.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam, World Bank discuss $7 bln funding for railway, highway projects
Vietnam and the World Bank are discussing loans of $5 billion-$7 billion to implement major railway and highway projects as the country strives to make a breakthrough in infrastructure development.
Infrastructure - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s economic growth can reach 5% in 2023, 6.3% in 2024: HSBC
Vietnam can reach economic growth of 5% in 2023 and 6.3% in 2024, said Frederic Neumann, HSBC's chief Asia economist and co-head of Global Research Asia, at a Monday event held by the bank.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
WB revises down Vietnam’s GDP growth forecast to 4.7% in 2023, 5.5% in 2024
The World Bank has revised down its Vietnam GDP growth forecast to 4.7% in 2023 and 5.5% in 2024, according to the bank’s October edition of its East Asia and The Pacific Economic Update.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
World Bank arm IFC pledges $1.9 bln to Vietnam in fiscal year 2023
The International Finance Corporation (IFC), the World Bank Group’s private-sector investment arm, made total commitments of $1.9 billion in Vietnam in fiscal year 2023 ending June 30, the IFC announced on Wednesday.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Sack officials for public investment disbursement failures: PM
Prime Minister Pham Minh Chinh has called for strict measures to speed up public investment implementation, including the sacking of officials who fail to discharge their responsibilities.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam GDP growth to rebound next year after 2023 slowdown: WB
Vietnam’s GDP growth may slow down to 4.7% this year from 8% in 2022, but it’s likely to rebound to 5.5% in 2024 and 6% in 2025, the World Bank says.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
ADB lowers Vietnam growth forecast to 5.8%
The Asian Development Bank (ADB) on Wednesday revised its Vietnam growth forecast down to 5.8% for 2023 and 6.5% for 2024, from 6.5% and 6.8% in April, respectively.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
WB facilitates inclusive, sustainable Vietnam recovery with $264 mln credit
The World Bank has approved a $263.9 million credit package from the International Development Association to propel Vietnam’s inclusive, green and digitally-driven economic recovery.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam, Philippines, India to deliver fastest growth in Asia: S&P
S&P Global Ratings on Monday kept Vietnam’s 2023 economic growth forecast at 6%, making it the fastest-expanding economy in Asia-Pacific, citing the Southeast Asian country’s domestic resilience.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
WB revises down Vietnam’s 2023 GDP growth forecast to 6%
The World Bank has cut its Vietnam’s GDP growth forecast this year to 6% in its June edition of “Global Economic Prospects,” but the figure remains among the highest in Asia, on par with the Philippines.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Fitch Ratings affirms Vietnam at 'BB', outlook positive
Fitch Ratings has affirmed Vietnam's long-term foreign-currency issuer default rating (IDR) at 'BB', with a positive outlook.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnamese stocks 'good to buy now'
Vietnam’s benchmark VN-Index has dropped by almost 30% so far this year but its stocks, with cheap valuations, remain attractive, according to foreign and domestic investment firms.
Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7
Standard Chartered raises Vietnam GDP growth forecast to 7.5%
Standard Chartered Bank has revised up its Vietnam GDP growth forecast for this year to 7.5% from the previous 6.7%, and to 7.2% for next year from 7%, following the country's robust Q3 growth of 13.7% year-on-year.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
IFC investment head joins agri-producer Mavin’s board of directors
Adam Sack, chief investment officer at International Finance Corporation (IFC), has become a nominee director on the board of directors of agri-business group Mavin, which received a $52 million investment from the World Bank unit this September.
Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam’s nine-month GDP growth highest in 12 years
Vietnam’s economic growth of 8.83% year-on-year in the first nine months is the highest recorded in 12 years.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Vietnam economic recovery fast, impressive: international agencies
Vietnam is on a growth trajectory with stable macro-economic fundamentals, signalling bright prospects for FDI attraction even amidst global geopolitical turbulence.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Foreign banks conduct aggressive expansion in Vietnam
Overseas banking groups have accelerated their pace of expansion in Vietnam, where the marketplace and growing young population are driving its economy.
Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7
WB recommends path for Vietnam to address climate risks
The World Bank’s Country Climate and Development Report for Vietnam underscores the urgency of adaptation to climate change, combined with policies and public and private investments to reduce the carbon intensity of growth.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
Institutional reforms crucial for Vietnam’s high income goal: World Bank
Institutional reforms can help Vietnam avoid the middle-income trap by increasing its efficiency to respond to new and complex global and domestic challenges, a World Bank report said Wednesday.
Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7
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