Public investment bank bhd

The expected release of quarterly GDP figures in early July will help better monitor Vietnam economic trajectory but, regardless of these figures, greater attention should be on the potential impact of the rapid monetary expansion on inflation and the deepening of the fiscal deficit caused by underperforming tax collection. … [Read more...] about Vietnam sees a slight economic rebound, says World Bank

In the context of the COVID-19 pandemic, Vietnam has been getting a lot of attention as it has managed to cage the outbreak with a sheer iron will, the article said. Vietnam is fast emerging as the preferred destination of multinational firms, it stressed, adding that the Southeast Asian nation is revving up its economic engine and has already restarted domestic tourism. The IMF forecasts that Vietnam is likely to post economic growth 2.7 percent in 2020, while the World Bank has pegged it at 4.9 percent - far greater than regional peers. “Vietnam finds itself in a sweet spot today. It has contained COVID-19, weathered most of the economic storm, and has the right ingredients to take full economic advantage of the post-pandemic scenario”, the article said. Foreign media also ran articles on the assessment of Vietnam’s success in containing the spread of the virus and working for its economic recovery. Axios.com said Vietnam was one of the first in the world … [Read more...] about Vietnam’s economy attractive to foreign investment: int’l media

The framework will enable Phu Yen to better leverage the World Bank’s global knowledge, financial resources and convening power to achieve its socio-economic goals and realize the vision of becoming an industrial and tourism hub for Vietnam and Southeast Asia. Priority areas include mainstreaming urban resilience, delivering high-quality and efficient infrastructure services and fostering development in the tourism and fishery sectors. … [Read more...] about World Bank, Phu Yen enter into strategic partnership

The Government of Việt Nam has been effective in containing the COVID-19 pandemic with a limited number of cases and no registered deaths. The pandemic, however, has shaken the country’s traditional resilience to external shocks with economic growth in the first quarter reaching only 3.8 per cent compared to projected growth of 6.5 per cent prior to the crisis. … [Read more...] about World Bank, Australia to help Việt Nam mitigate impacts of COVID-19 and facilitate economic recovery

Besides breaking Vietnamese laws, investors in cryptocurrencies could also face risks. Cryptocurrencies or virtual money and payments made using such money are not legally recognized in the country, according to Vu Hoang Kien, former deputy head of the Criminal Police Department, under the Ministry of Public Security. … [Read more...] about Calling for cryptocurrency investment is illegal: official