World bank vietnam

Illustrative photo (Source: VNA) Hanoi (VNA) – Representatives of the World Bank (WB) and FTSE Russell have committed to further supporting Vietnam to build a sustainable stock market, particularly via regularly exchange and coordination in the market upgrading matter. They made the commitment at a recent working session with the State Securities Commission (SSC), during which the sides discussed the actual situation, and efforts made to remove bottlenecks in support of the Vietnamese stock market’s status upgrading process. WB and FTSE Russell representatives said they highly appreciate the efforts of local management agencies and market members in upgrading the market from marginal to emerging one. They also proposed some solutions for the improvement of the market toward the upgrade. The upgrade has been included in the country’s strategy for the securities market development and received significant attention from leaders of the Government, the Ministry of Finance … [Read more...] about WB, FTSE Russell pledge regular coordination in upgrading Vietnam’s stock market

Carolyn Turk - Country director World Bank Vietnam (left) and Kyle Kelhofer Former senior country manager for Cambodia, Laos, and Vietnam International Finance Corporation However, increasing consumption of single-use plastics and mismanagement of waste is visibly polluting the country’s cities and beaches, adversely impacting biodiversity and natural habitats, and contributing to climate change. These impacts are especially acute for Vietnam given its 2,000-mile coastline and dependence on key economic sectors like tourism and fisheries. The good news is that Vietnam is moving from creating awareness of the plastic waste problem to defining solutions by developing action plans and setting ambitious recycling targets. Its national action plan for the management of marine plastic litter aims to reduce 75 per cent of Vietnam’s marine plastic debris by 2030. And yet, important as these steps are, incrementally tweaking waste management policies and overloaded solid waste … [Read more...] about Mainstreaming circular plastic plans

Singaporean-based United Overseas Bank (UOB) maintained its forecast for Vietnam’s gross domestic product (GDP) growth at 6.5 percent this year despite global uncertainty brought about by the conflict in Ukraine and soaring commodity prices. UOB recently released its report on the economic growth of markets around the world, including Vietnam. The report pegged its forecast for Vietnam’s GDP growth at 6.5 percent and core inflation rate at 3.7 percent this year. UOB’s forecast for the country’s GDP growth is in line with the Vietnamese government’s goal of hitting a 6-6.5 percent economic expansion for 2022. The bank's report predicted that the country’s GDP growth will reach 7.6 percent in the third quarter of this year. However, the inflation rate could rise to five percent in 2023 due to various risks and challenges, including the Russia-Ukraine conflict and related sanctions. One of the optimistic signs of the Vietnamese economy is that foreign direct investment (FDI) … [Read more...] about UOB forecasts 6.5 percent GDP growth for Vietnam despite global uncertainty

Illustrative image (Photo: Philstar) Hanoi (VNA) - The World Bank’s Board of Executive Directors on June 22 approved a 178.1 million USD loan to help the Philippines combat malnutrition . Philippines Multisectoral Nutrition Project will support the delivery of nutrition and health care services at the primary care and community levels to help reduce stunting – characterized by prolonged nutritional deficiency among infants and young children – in 235 municipalities known to have high incidence of poverty and malnutrition. Ndiamé Diop, World Bank Country Director for Brunei, Malaysia, Philippines, and Thailand said improving the nutritional status of children is key to the country’s goals of boosting human capital while strengthening the country’s economic recovery and prospects for long-term growth. VNA … [Read more...] about WB approves loan to help Philippines combat malnutrition

The Vietnam Circular Economy Forum 2022 illustrates the efforts of key stakeholders to establish a circular economy for sustainable development in Vietnam The forum is organised by the Ministry of Natural Resources and Environment in collaboration with relevant agencies. It welcomes nearly 500 delegates, which are representatives of ministries, municipalities, foreign embassies, international organisations, as well as research and educational institutes. The event’s purpose is to examine feasible circular economic (CE) models for Vietnam in light of the finest regional and global practices. In addition, it will specify the procedures, policies, and financial resources necessary to foster CE in the country. According to the Asian Development Bank Institute (ADBI), developing Asia's ongoing reliance on fossil fuels and raw materials for manufacturing continues to strain already vulnerable ecosystems. Vietnam has the second-highest levels of air pollution in Southeast Asia in … [Read more...] about Vietnam’s ministries and private sector sit down on circular economy talk

The ranking is based on 10 key categories namely Affordability, Economic stability, Family-friendly, Job market, Income equality, Political stability, Safety, Cultural influence, Education, and Health system Vietnam got 78.49 points, ranking 62nd out of 165 countries and territories in the ranking of the world’s Best Countries for Quality of Life 2021 by CEOWORLD magazine is the world's leading business magazine and news site for CEOs​, CFOs, senior executives, business leaders, and high net-worth individuals. Old people at an elderly caring center in Dong Anh District, Hanoi. Photo: Nguyen Dinh Toan The ranking measures global perceptions of 165 nations chosen because they contribute most to the world’s GDP. More than 258,000 people around the world are asked to evaluate the countries based on 10 metrics ranging from stability to transparency to equality. The ranking analyzed 10 key categories, namely Affordability, Economic stability, Family-friendly, … [Read more...] about World’s Best Countries For Quality of Life 2021: Vietnam moves up 39 places