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.

Prime Minister Pham Minh Chinh hosted a reception in Hanoi on May 27 for visiting Vice President of the World Bank (WB) Manuela V. Ferro and WB Country Director Vietnam, Laos, and Cambodia Mariam J. Sherman, along with their associates.