January 16, 2012
The World Bank agreed Thursday to lend US$ 973.5 million to Vietnam for three poverty reduction and infrastructure projects. The projects are the $613.5-million Da Nang – Quang Ngai Expressway, $210-million Medium Cities Development project, and the $150-million 10th Poverty Reduction Support Credit. “It is the first time that the World Bank is financing an [...]
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January 15, 2012
A woman fans coals to heat up a cooker on the railway track in downtown Hanoi. When investment decisions are made based on corruption, it is not only the honest firms that suffer, but also the public through lower quality and higher cost works. As Vietnam sits on the cusp of becoming a middle income [...]
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January 14, 2012
Vietnam signaled that it may cut policy interest rates to “more suitable” levels after the first quarter and weaken the dong this year as Asia’s fastest inflation eases. “The central bank will adjust policy rates to more suitable levels, aiming to help ease the average level of market interest rates,” central bank Governor Nguyen [...]
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January 11, 2012
Vietnam will adjust policy interest rates to “more suitable” levels after the first quarter and weaken the dong as much as 3 percent this year, central bank Governor Nguyen Van Binh said. “We believe that 2012 will be a hard year, a challenging year for Vietnam’s economy,” Binh said at a conference in Hanoi [...]
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January 9, 2012
A man (L) stands in front of an ATM while a homeless man sleeps in front of an advertisement on a street in Hanoi January 3. Prime Minister Nguyen Tan Dung has acknowledged the surging influence interest groups have on the policymaking process, calling for increased transparency to tackle the issue. Prime Minister Nguyen [...]
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January 3, 2012
A street vendor walks past a Chanel SA store inside the Rex Hotel in downtown Ho Chi Minh City, Vietnam, on Tuesday, Dec. 27, 2011. Vietnam’s growth held near 6 percent this quarter, reducing the pressure for further monetary tightening after higher interest rates limited the boost to the economy from exports and domestic consumption. [...]
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December 23, 2011
The World Bank announced Tuesday it will allocate US$4.2 billion for a five-year strategy to support reforms and investments key to Vietnam’s transition to a middle-income country. Under the Vietnam Country Partnership Strategy (CPS) for the 2012-2016 period, the funding will be given by the International Development Association (IDA), the World Bank’s concessional arm. [...]
Tags: Country, development, Income Country, Middle Income, Middle Income Country, strategy, The world, The World Bank, Vietnam, Vietnam Ldquo, world, World Bank
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December 14, 2011
Vietnam's inflation is expected to slow to about 9 percent in 2012 and is under control, Prime Minister Nguyen Tan Dung told the Consultative Group. Vietnam may undermine progress toward economic stability if it loosens monetary policy now, the International Monetary Fund and World Bank said as the nation struggles with the fastest inflation in [...]
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October 28, 2011
Vietnamese ministries will be provided with US$25 million to increase the effectiveness of public services in reducing health risks of avian flu (H5N1) to poultry and humans in 11 local provinces. The aid will be granted by the Avian and Human Influenza Facility (AHIF) and the World Bank — and it will include funds [...]
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October 26, 2011
Vietnam fell eight spots in terms of ease of doing business this year, even though the country has improved its ability to protect investors, a new World Bank survey found. The country came in at 98 out of 183 economies this year, according to Doing Business 2012, an annual survey published by the International [...]
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