Tags: world bank

Foreign banks pour capital into Vietnam

Foreign banks pour capital into Vietnam

The International Finance Corporation (IFC), a member of the World Bank Group, announced on August 11 that it will provide a US$70 million loan to Indo Trans Logistics Corporation (ITL Corp), with the aim of improving logistics, trade and competitiveness in Vietnam’s economy amid the COVID-19 pandemic.

Vietnam faces lowest growth in 35 years

Vietnam faces lowest growth in 35 years

Economists have predicted the resurgence of the COVID-19 pandemic could leave Vietnam facing its lowest level of economic growth in 35 years.

Local businesses told to upgrade upon entering EU market

Local businesses told to upgrade upon entering EU market

VOV.VN - With the EU representing a meticulous market, there is no room for impatient businesses that show a lack of creativity or have poor-quality goods, meaning that local firms must be proactively innovative with their product quality and strive to meet high standards set on goods and services.

Vietnamese energy market has plenty of room for development

Vietnamese energy market has plenty of room for development

VOV.VN - With national demand for electricity growing by an estimated 10.6% in the 2016 to 2020 period, with further growth of 8.5% expected in the 2021 to 2025 period, and an additional 7% in the 2026 to 2030 period, the country is becoming an attractive market for both domestic and foreign energy investors.

World Bank provides emergency aid to help Vietnam cope with COVID-19

World Bank provides emergency aid to help Vietnam cope with COVID-19

VOV.VN - The World Bank and the State Bank of Vietnam on July 30 signed a US$6.2 million grant agreement to strengthen Vietnam’s coronavirus surveillance and testing capacities, research capacity for COVID-19 vaccines, test kits, and communications about the pandemic.

World Bank Hanoi office has new head

World Bank Hanoi office has new head

From July 1, Mme. Carolyn Turk will work at the World Bank (WB) Hanoi office as its country director in Vietnam, according to the office.

Can Tho, Switzerland strengthen multifaceted cooperation

Can Tho, Switzerland strengthen multifaceted cooperation

The Mekong Delta city of Can Tho wishes to receive continued support from Switzerland and the World Bank in climate change response, urban development, and tourism-trade-service development, said a local official.

PM Phuc appreciates WB assistance to Vietnam

PM Phuc appreciates WB assistance to Vietnam

VOV.VN - Prime Minister Nguyen Xuan Phuc expressed his appreciation for the World Bank’s great assistance to Vietnam over the years while receiving outgoing WB Country Director for Vietnam Ousmane Dione in Hanoi on June 22.

World Bank, Phu Yen enter into strategic partnership

World Bank, Phu Yen enter into strategic partnership

VOV.VN - The World Bank and the central coastal province of Phu Yen on June 12 signed a Memorandum of Understanding, establishing a partnership for strategic engagements during the 2020-25 period.

WB to continue supporting Vietnam on development path

WB to continue supporting Vietnam on development path

World Bank (WB) Country Director for Vietnam Ousmane Dione said the bank will continue supporting the Southeast Asian country on its development path at a meeting with Politburo member Nguyen Van Binh, head of the Party Central Committee's Economic Commission in Hanoi on June 10.

EVFTA could turn Vietnam into new destination for manufacturers: Nikkei

EVFTA could turn Vietnam into new destination for manufacturers: Nikkei

VOV.VN - Business publication Nikkei Asian Review of Japan has recently released an article, affirming the Vietnam National Assembly’s ratification of the European Union-Vietnam Free Trade Agreement (EVFTA) is expected to transform Vietnam into a fresh investment destination for manufacturers looking for alternatives to China.

Vietnam sees a slight economic rebound, says World Bank

Vietnam sees a slight economic rebound, says World Bank

VOV.VN - After suffering from restrictive measures against COVID-19 in April, the Vietnamese economy is showing signs of recovering in May, with the index of industrial production (IPP) rising by 11% compared to the previous month.