(VOV) - East Asia remains one of the main growth drivers of the world economy, accounting for nearly two-fifths of global economic growth, according to a new World Bank report. 

Ordinary people and grassroots organizations in Vietnam have joined efforts to implement innovative projects under a World Bank-supported program to promote transparency, accountability and integrity, and reduce corruption.

(VOV) - The World Bank (WB)’s Board of Executive Directors approved US$315million in two credits for Vietnam to support the government’s agriculture restructuring plan and help with the revision of a new education curriculum. 

Developing countries face a series of tough challenges in 2015, including the looming prospect of higher borrowing costs as they adapt to a new era of low prices for oil and other key commodities, resulting in a fourth consecutive year of disappointing economic growth this year, says the World Bank Group’s latest Global Economic Prospects (GEP) report, released on June 11.

The World Bank’s Board of Executive Directors approved US$100 million in additional financing for an ongoing project to help improve living standards for poor people in six provinces in Vietnam’s Northwest, the nation’s poorest region.

(VOV) - Vietnam needs to rely more on productivity gains driven by innovation in order to boost its economy, according to a new joint study by the World Bank and Organization of Economic Co-operation and Development (OECD) released on November 24.