For Vietnam to realise its aspiration for reaching high income status by 2045, the country will need to shift its economic growth model and sharply improve the government’s capacity to coordinate and implement economic policy reforms and public investments, a World Bank Group report says.

The Regional Comprehensive Economic Partnership (RCEP), which entered into force on January 1, 2022, is expected to boost Vietnam’s export and improve its access to large consumer markets, according to Standard Chartered Bank.

The HSBC has forecast that Vietnam's inflation will increase 3.7%, still below the inflation ceiling of 4% set by the State Bank of Vietnam (SBV).

VOV.VN - Vietnam’s economic recovery is gaining momentum despite heightened global uncertainty relating to issues such as the protracted war in Ukraine, higher commodity prices, and tightening global financial conditions, according to the World Bank (WB).

VOV.VN - Prime Minister Pham Minh Chinh on May 11 held a series of meetings with the US Secretary of the Treasury Janet Yellen, Director General of the World Bank (WB) Axel Van Trotsenburg, and leaders of some US corporations as part of his working visit to the US.

The capitalisation of Vietnam’s banking sector is expected to increase by nearly US$2.8 billion this year.

VOV.VN - The German newspaper Finanzmarktwelt (Financial Market World) has recently published an article highlighting the nation’s move to fully open up activities following the COVID-19 pandemic, with all industries showing signs of recovery.

The banking sector hopes that by 2025, the volume of mobile payment transactions will grow by 50 - 80% while transaction value will surge 80 - 100% annually.

Vietnam is anticipated to enjoy the highest trade and income gains among members of Regional Comprehensive Economic Partnership (RCEP), according to a latest World Bank report.

Poverty in Vietnam declined substantially between 2010 and 2020, according to a report released by the World Bank (WB) on April 28.