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

Vietnam has made remarkable progress in poverty reduction in the 2010 – 2020 period, with the rate of poverty declining to only 5% from 16.8%, according to the World Bank (WB).

Vietnam is recovering strongly and there are signs that the economy is shifting from survival to growth mode, said CEO of HSBC Vietnam Tim Evans, stressing the need for the country to effectively navigate global megatrends that will shape its future and ensure that it reaches its full potential.

What Vietnam has achieved in the last three decades, and what it is on course to achieve in the future, makes the country a good candidate for low- and middle-income countries in Africa to partner with for shared prosperity, according to a recent article by theafricareport.com.

Deputy Prime Minister Le Minh Khai has approved the sovereign credit rating improvement project by 2030, part of an effort to make Vietnam a developing and upper-middle-income country with modern industry, heightening the country’s international reputation and reducing credit risks.

Prime Minister Pham Minh Chinh asked Ninh Thuan to further exploit its advantages to become a major renewable energy hub of the country while addressing a ceremony to mark the 30th re-establishment anniversary of the south central province (April 1, 1992-2022) on April 16.

VOV.VN - Asia Plus Securities (ASPS), a brokerage firm based in Thailand, has recommended increasing investment in the Vietnamese market, citing the country's high growth prospects based on its ample local workforce, low minimum wage, and steadily rising per capita income.

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.

VOV.VN - Vietnam’s merchandise trade balance recorded a surplus of US$1.4 billion in March, while FDI commitments and disbursement remained resilient amid global uncertainties over the Russian invasion of Ukraine, according to the April edition of the World Bank's monthly Vietnam March Monitoring.

VOV.VN - The capital’s economic growth rate during the first quarter of the year showed signs of a remarkable improvement thanks to timely and effective solutions, demonstrating its resilience and development after suffering from the impact of the COVID-19 pandemic.