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World Bank lowers Vietnam growth forecast to 5.3 pct

World Bank lowers Vietnam growth forecast to 5.3 pct

The World Bank has cut its growth forecast for Vietnam this year to 5.3 percent, due to surging Covid-19 infection in Q1 and economic slowdown in its major export markets.
World Bank freezes Afghan projects after Taliban bans girls from high school

World Bank freezes Afghan projects after Taliban bans girls from high school

The World Bank has put four projects in Afghanistan worth $600 million on hold amid concerns over a decision by the country's ruling Islamist leaders to ban girls from returning to public high schools, the bank said.
March 29, 2022 | 07:17 pm PT
World Bank approves $723 mln in loans, grants for Ukraine

World Bank approves $723 mln in loans, grants for Ukraine

The World Bank said its executive board on Monday approved a $723 million package of loans and grants for Ukraine, providing government budget support as the country battles a Russian attack.
March 7, 2022 | 05:53 pm PT
Stimulus package efficacy depends on execution: analysts

Stimulus package efficacy depends on execution: analysts

The stimulus package of VND350 trillion ($15.4 billion) is timely and well planned but how it is executed will determine the pace of recovery, experts say.
January 23, 2022 | 04:56 pm PT
WB forecasts 5.5 pct growth for Vietnam

WB forecasts 5.5 pct growth for Vietnam

A World Bank (WB) report released Thursday projects Vietnam's 2022 GDP growth at 5.5 percent if the Covid-19 pandemic is controlled.
January 13, 2022 | 05:22 pm PT
Remittances to Vietnam head for new record

Remittances to Vietnam head for new record

Vietnamese abroad are set to send home over $18.06 billion this year, a new record, making the country the eighth biggest remittances beneficiary globally.
December 11, 2021 | 04:31 am PT
Migrant workers boosted cash transfers home in 2021

Migrant workers boosted cash transfers home in 2021

Migrants have continued to provide a strong financial boost to their home countries this year, increasing cash sent to their families, the World Bank said Wednesday.
November 17, 2021 | 07:49 pm PT
World Bank hopes China will boost donation to fund for poorest countries

World Bank hopes China will boost donation to fund for poorest countries

World Bank President David Malpass said on Thursday that he hoped China would increase its donation to the International Development Association fund for the poorest countries.
October 14, 2021 | 06:06 pm PT
WB lowers Vietnam’s growth forecast to 2 pct

WB lowers Vietnam’s growth forecast to 2 pct

World Bank revised its growth forecast for Vietnam down to 2–2.5 percent this year, as third quarter figures reveal the impact of the fourth Covid-19 wave on the economy.
October 13, 2021 | 04:57 am PT
World Bank says Delta variant slowing economic growth in East Asia and Pacific

World Bank says Delta variant slowing economic growth in East Asia and Pacific

The East Asia and Pacific region's recovery has been undermined by the spread of the Covid-19 Delta variant, which is likely slowing economic growth and increasing inequality in the region, the World Bank said on Monday.
September 29, 2021 | 07:39 pm PT
World Bank maintains Vietnam’s growth at 4.8 pct

World Bank maintains Vietnam’s growth at 4.8 pct

World Bank maintained its GDP growth forecast for Vietnam at 4.8 percent this year, expecting the economy to rebound in the last quarter from months of pandemic-triggered hardship.
September 28, 2021 | 04:30 am PT
More cash support could stimulate economic recovery: experts

More cash support could stimulate economic recovery: experts

Vietnam needs to give out more cash support to residents in difficulty to boost economic recovery from Covid, several experts urged Monday.
September 27, 2021 | 02:23 am PT
Strengthening the private sector can get Vietnam back in the fast lane

Strengthening the private sector can get Vietnam back in the fast lane

Vietnam has distinguished itself in the ranks of emerging market development, surging to middle-income status in just one generation, and cutting its poverty rate from 50 percent in 1990 to 2 percent in 2018.
September 21, 2021 | 04:41 pm PT
World Bank cuts Vietnam GDP growth projection to 4.8 pct

World Bank cuts Vietnam GDP growth projection to 4.8 pct

The World Bank has lowered its growth forecast for Vietnam this year by two percentage points to 4.8 percent as Covid-19 weighs on the economy.
August 24, 2021 | 07:56 pm PT
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