Vietnam’s growth prospects will depend on how well and how quickly the authorities will bring the new coronavirus outbreak under control and how quickly international and national vaccinations will proceed, according to the World Bank (WB).

China’s Newsweek ran an article recently highlighting the positive outlook for Vietnam’s economy.

VOV.VN - Economic experts believe that macroeconomic stability and growth results achieved amid difficulty circumstances during 2020 can serve as a strong foundation for economic growth in the year ahead.

VOV.VN - Looking ahead, Vietnam’s prospects appear positive as the economy is projected to grow by about 6.8% in 2021 and, thereafter, stabilize at around 6.5%, according to the latest World Bank’s economic update for Vietnam “Taking Stock” released on December 21.

The World Bank (WB) recently released a report in which it called on the Vietnamese Government to take urgent action to ensure future growth in the face of natural disaster risks.

Promoting the development of science and technology as well as digital economy is a wise choice for Vietnam to achieve an annual average economic growth rate of 7% during 2021-2030, according to experts.

The World Bank stands ready to support and cooperate with Vietnam in many spheres like climate change response and renewable energy development, said WB Managing Director of Operations Axel van Trotsenburg on November 4.

Disbursement of World Bank (WB) loans had increased 55% year-on-year as of September 30, the Ministry of Finance revealed on October 28.

Prime Minister Nguyen Xuan Phuc hosted a reception in Hanoi on October 21 for Country Director of the World Bank in Vietnam Carolyn Turk.

Vietnam is capable of generating 10 GW of electricity by offshore wind farms by 2030, suggested studies carried out by the Danish Energy Agency (DEA) and the World Bank (WB).