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Remittances to HCM City set to top US$5 billion

Remittances to HCM City set to top US$5 billion

Remittances to HCM City from overseas in the first 11 months of 2019 exceed US$4 billion, and are expected to top $5 billion for the year, according to the State Bank of Vietnam (SBV).

NA Chairwoman receives WB’s country director

NA Chairwoman receives WB’s country director

National Assembly (NA) Chairwoman Nguyen Thi Kim Ngan on November 21 appreciated the World Bank (WB)’s comprehensive cooperation with Vietnam and its contributions to the country’s development in recent times.

Vietnam’s ease of paying taxes improves: World Bank

Vietnam’s ease of paying taxes improves: World Bank

Thanks to the Government’s efforts to simplify tax compliance processes, Vietnam ranked 109th out of 190 countries and territories on ease of paying taxes in the World Bank’s Doing Business 2020 report (DB2020), up 22 places from the previous report.

Pace of business climate reforms slows in East Asia and Pacific region

Pace of business climate reforms slows in East Asia and Pacific region

VOV.VN - Economies in the East Asia and Pacific region carried out 33 business-climate-enhancing reforms during the past year, and while many economies in the region make doing business easy for small and medium-sized entrepreneurs by global standards, the overall pace of reforms slowed, the World Bank Group’s latest Doing Business 2020 study says.

Can Tho looks for foreign support to economic development, urban management

Can Tho looks for foreign support to economic development, urban management

The Mekong Delta city of Can Tho hopes to receive support from the World Bank (WB) and the State Secretariat for Economic Affairs (SECO) of Switzerland in institutional building, renovation, development of smart city, climate change adaption, and training human resources, said Chairman of the municipal People’s Committee Le Quang Manh on October 7.

WB, Switzerland support Vietnam’s efforts to enhance banking sector

WB, Switzerland support Vietnam’s efforts to enhance banking sector

VOV.VN - On October 1, the World Bank (WB) and the State Bank of Vietnam (SBV) signed a financing agreement for a grant worth US$2.2 million provided by the Swiss Government to implement the project titled “Vietnam: Strengthening Banking Sector Soundness and Development”.

BIM Land to get 87.5 million USD loan from IFC

BIM Land to get 87.5 million USD loan from IFC

The BIM Land Joint Stock Company, a property developer under the BIM Group, has reached a deal with the International Finance Corporation (IFC), a member of the World Bank Group, for an 87.5 million USD loan to develop tourism infrastructure in Vietnam and Laos.

Firms benefit from programme on efficient use of resources

Firms benefit from programme on efficient use of resources

The Vietnam Improvement Program has helped 82 garment-textile and footwear factories in Vietnam invest 37 million USD in efficient use of resources, thus saving 30 million USD per year, according to the International Finance Corporation (IFC).