A corner of Jakarta capital (Source: Asialink)

World Bank: Indonesia’s economy is facing numerous challenges

Indonesia’s gross domestic product (GDP) growth could slow to 4.9 percent in 2020 and 4.6 percent in 2022 amid intensifying risks such as the escalating trade tension between China and the US, according to the World Bank.

Resource efficiency helps to save US$30 million annually

Resource efficiency helps to save US$30 million annually

In the past three years, The Vietnam Improvement Program, an International Finance Corporation’s initiative to improve resource efficiency in the local apparel, textile, and footwear sector, has supported 82 factories to invest US$37 million in resource efficiency measures, helping them to save $30 million annually by using less water, energy and chemicals.
State Audit Office of Vietnam, World Bank to boost cooperation

State Audit Office of Vietnam, World Bank to boost cooperation

Officials of the State Audit Office of Vietnam (SAV) and the World Bank (WB) have discussed cooperation in the fields of shared concern at a recent meeting that was part of the SAV delegation’s working visit to the US from August 27 to 30.
At the event (Photo: Courtesy of WB)

JICA, World Bank jointly support Vietnam to meet needs of aging population

The Japan International Cooperation Agency (JICA) and the World Bank today jointly launched a knowledge-sharing program to assist policymakers in Vietnam with developing new models of elderly care services as Vietnam’s population is ageing at a pace faster than any of its regional peers.

World Bank, Japan support Vietnam to improve tax system

World Bank, Japan support Vietnam to improve tax system

The World Bank and the State Bank of Vietnam yesterday signed a financing agreement for a grant worth US$4.2 million provided by the Japanese Government to carry out the Revenue Administration Reform Support Project.

World Bank selects Vietnam’s Movitel as partner

World Bank selects Vietnam’s Movitel as partner

Movitel, which is a Viettel brand in Mozambique, has just been selected by the World Bank as a partner for a project on improving quality of life of poor rural people in Mozambique.
The US$125 million credit is aimed to assist Ho Chi Minh City to strengthen the institutional foundations for sustainable urban development (Photo: VNA)

WB to provide credit for institutional reforms in HCM City

A US$125 million credit has been approved by the World Bank (WB) Board of Executive Directors to assist Ho Chi Minh City in strengthening the institutional foundations for sustainable urban development. 
Overseas remittances is forecast to reach US$15.9 billion this year (Photo: SGGP)

Overseas remittances to Vietnam continue increasing

Overseas remittances to Vietnam is expected to reach US$15.9 billion this year, making the country one of the largest remittance receiving nations in the world, forecast the World Bank (WB).
Chairman of the HCM City People’s Committee Nguyen Thanh Phong (left) and WB Country Director for Vietnam Ousmane Dione (right) take a fact-finding trip to District 2 where the second phase of a WB-funded environmental sanitation project is underway. (Pho

HCM City, WB top officials visit site of Nhieu Loc – Thi Nghe project

Chairman of the Ho Chi Minh City People’s Committee Nguyen Thanh Phong and World Bank (WB) Country Director for Vietnam Ousmane Dione on November 22 took a fact-finding trip to the city’s District 2 where the second phase of a WB-funded environmental sanitation project is underway.