Tag: World Bank
MoMo, Western Union partner for money transfer in Vietnam
Vietnamese digital payment firm Momo and American multinational financial services company Western Union on March 20 announced a strategic collaboration enabling customers to receive Western Union money transfers on the MoMo app.
Central bank must keep a close on the financial market: WB
The State Bank of Vietnam must step up efforts in the management of the country's banking sector and prepare for all possible scenarios for timely and effective interventions, according to World Bank.
WB predicts Vietnamese economy to grow by 6.3% in 2023
VOV.VN - Vietnamese economic growth is projected to ease to 6.3% in 2023 from a robust figure of 8% last year, as services growth eases and higher prices and interest rates weigh on households and investors, according to details given by the World Bank (WB)’s latest Taking Stock report released on March 13.
World Bank provides assistance for HCM City in data management
A data management strategy for Ho Chi Minh City by 2025 with a vision towards 2030 was launched on March 3, part of cooperation between the southern metropolis and the World Bank (WB) in 2022-2023.
Ministry proposes a hike in special consumption tax on cigarettes, beer, spirits
The Ministry of Finance has proposed to increase the special consumption tax (SCT) on a number of items harmful to health including tobacco, beer, and alcoholic products to limit imports, production and consumption.
EU manufacturers eye offshore wind turbine plants in Vietnam
European manufacturers are considering investing hundreds of millions of dollars in Vietnam to build wind turbine plants as the country gears up to exploit its large untapped potential in offshore wind, Reuters cited sources familiar with the situation as reporting.
Vietnam among world’s 10 biggest recipients of remittances
Vietnam remains one of the 10 countries receiving the most remittances in the world, according to the recent Migration and Development Brief by the World Bank and the Global Knowledge Partnership on Migration and Development (KNOMAD).
Vietnam to share international vision on solving global challenges
VOV.VN - The World Economic Forum (WEF 2023) Annual Meeting 2023 offers an opportunity for the country to share its vision with the international community on uniting to tackle emerging global challenges.
Overseas remittances forecast to rise 4.4% this year
VOV.VN - Despite the current growth rate of overseas remittances to Vietnam being lower than last year, the total amount of remittances to the country is projected to grow by 4.4% this year before increasing by between 3.6% and 4.5% in 2023, according to international organizations.
Vietnam’s exports affected by many factors: WB
Two drivers of Vietnam's economic growth – exports and domestic demand – are moderating, according to a report released by the World Bank (WB) on December 14.
