Vietnam’s economic growth is likely to rebound in 2024 and 2025, according to Dorsati Madani, Senior Economist at the World Bank (WB).

VOV.VN - A challenging external environment and weaker domestic demand is leading to a slowdown in economic growth in Vietnam, but the economy will pick up pace in the second half of 2023 and the following years, the World Bank said in an economic update released on August 10.

The World Bank Board of Directors on July 31 approved a project worth US$129.6 million to strengthen flood resilience and improve sanitation, transport, and public space infrastructure in Nghe An province's Vinh city - a political, economic, and cultural centre of the north-central coastal region.

Logistics services are driving up added values of the domestic agriculture sector which has been developing quickly over the past years with an annual growth rate of 14-16%.

VOV.VN - Vietnam is relying too much on monetary policies in order to stimulate demand. However, loosening lending standards and lowering interest rates serve to reduce asset quality, thereby creating asset bubbles, according to economic experts.

Minister of Natural Resources and Environment Dang Quoc Khanh has hailed the World Bank (WB)’s effective cooperation with Vietnam, especially in climate change response, green growth and environmental protection.

Deputy Minister of Industry and Trade Phan Thi Thang on July 4 expressed her hope that Vietnam and the World Bank (WB) will step up their cooperation in the time ahead, prioritising the improvement of energy efficiency and sustainable clean energy.

VOV.VN - The World Bank Board of Directors approved a US$263.9¬-million International Development Association credit for Vietnam on June 19, aimed at bolstering the country’s efforts to achieve an inclusive, green, and digitally-driven economic recovery with reforms aimed at supporting households, businesses, and expansion of renewable energy.

VOV.VN - Continued weak external demand coupled with global uncertainties are adversely affecting the Vietnamese economy, translating into contraction in both imports and exports, as well as a slowdown in industrial production, said the World Bank in its Vietnam Macro Monitoring, June edition.

VOV.VN - The Australian Government and the World Bank (WB) have formally agreed to extend their partnership in support of the sustainable and inclusive Vietnamese development agenda.