World Bank (WB) Vice President for East Asia and the Pacific Manuela V. Ferro described Vietnam as a success story in terms of economic development since it has dramatically transformed the economic landscape, achieving the extraordinary feat of increasing family incomes sixfold while attracting significant foreign investment over the past 40 years.
Deputy Prime Minister Tran Luu Quang received Executive Director of the Office Executive Director of the World Bank (WB) Group of Southeast Asia Wempi Saputra in Hanoi on July 4, speaking highly of the fruitful cooperation between Vietnam and the WB that has helped the country promote socio-economic development and improve people's life quality.
Deputy Prime Minister Tran Luu Quang has signed a dispatch on the cancellation of World Bank (WB) loans due to the unusability, and the re-allocation and use of the cancelled International Development Association (IDA) loans in the 2022 - 2023 fiscal year.
A number of bidding packages under the Green Transport Development Project, to develop a new Bus Rapid Transit (BRT) corridor in HCM City, are scheduled to be kick started in the fourth quarter of 2021, according to the HCM City Management Board for Traffic Works Construction and Investment.
The World Bank in Vietnam announced on June 6 that the Bank’s Board of Executive Directors had approved an 84.4 million USD credit from the International Development Association (IDA) to support Vietnam’s multi-sectoral policy reforms so as to promote climate-resilient landscapes and green transport and energy systems.
National Assembly (NA) Chairwoman Nguyen Thi Kim Ngan received Victoria Kwakwa, the World Bank (WB)’s Vice President for East Asia and Pacific, in Hanoi on June 26.
Prime Minister Nguyen Xuan Phuc called on the Republic of Korea (RoK) to invest more renewable energy, infrastructure, high technology, and processing industry in Vietnam, during his reception for Park Won-soon, Special Envoy of the RoK’s President Moon Jae-in, in Hanoi on May 25.
The World Bank’s Board of Executive Directors has approved 315 million USD in financing to improve water transport infrastructure and sanitation and transport services in Vietnam.
Vietnam’s Minister of Planning and Investment Nguyen Chi Dung discussed with WB senior officials the preparations for Vietnam’s “graduation” from IDA capital sources during his visit to the US.
Vietnam appreciates Japan’s commitment to the continued provision of official development assistance (ODA) for Vietnam’s socio-economic development, said Prime Minister Nguyen Xuan Phuc.
Relevant agencies must get well prepared for receiving the remainder of the World Bank's International Development Association (IDA-17) fund allocated for Vietnam in the 2014-2017 period.
The World Bank (WB) has confirmed a package of 239 million USD from the bank’s IDA and 46 million USD from (IBRD) to implement the second phase of the Coastal Cities Environmental Sanitation Project.
The World Bank (WB) will support Vietnam in building a road map to smoothly shift preferential loans from the IDA to the IBRD to ensure the national budget’s sustainable payment capacity.
Deputy PM Hoang Trung Hai has allowed the first phase of the “Urban Water Supply and Wastewater” project to receive an additional 20 million USD loan from the World Bank's IDA.
