The Deputy PM thanked the WB and the Office for helping Vietnam receive a grant worth 263.9 million USD from the WB Group's International Development Association (IDA) to carry out sustainable and inclusive recovery and development under the socio-economic recovery and development programme.

Deputy Prime Minister Tran Luu Quang (R) receives Executive Director of the Office Executive Director of the World Bank (WB) Group of Southeast Asia Wempi Saputra.

He went on to say that Vietnam is one of the countries most vulnerable to climate change, and its Mekong Delta is the region hit earliest and hardest. In that context, the country always treasures and wishes to continue receiving the WB's assistance, in terms of not only financial resources but also policy advice and technical support, to help it surmount challenges and reach development targets

Quang also called on the WB to consider more flexible criteria and requirements so as to accelerate programmes and projects in Vietnam to soon bring benefits to local people.

For his part, Saputra congratulated Vietnam on its impressive development achievements, stressing that it is one of the fastest growing countries in the region, and not many countries could post a growth rate of 8% like Vietnam did in 2022.

He noted the WB and other development banks have analysed and pointed out six groups of major challenges to the world, including consequences of the Covid-19 pandemic, climate change, and challenges to food and energy security, which will substantially affect the WB's focuses and priorities for the time ahead.

The WB's priorities highly match Vietnam's development targets, he added, affirming the WB's continued support for the country.

Foreign newspapers have highlighted Vietnam’s impressive success after the World Bank (WB) forecast

Foreign newspapers have highlighted Vietnam’s impressive success after the World Bank (WB) forecast that its economy will lead Asia with a growth rate of 7.2% this year, up from the previous forecast of 5.3% in April.

Vietnam’s economy to expand 7.2% in 2022: WB

Vietnam’s economy is expected to grow by 7.2% in 2022, on the back of a strong rebound in domestic demand and continued solid performance by export-oriented manufacturing, according to the World Bank East Asia and Pacific Economic Update, October 2022.

Vietnam thanks WB for supporting e-Government building: PM

Prime Minister Pham Minh Chinh hosted a reception in Hanoi on July 18 afternoon for World Bank (WB) Managing Director of Operations Axel van Trotsenburg, during which he affirmed Vietnam always considers WB a good friend and an important development partner.

New resources for community tourism development

(BGO)- Community tourism is one of the most popular types of tourism. In Bac Giang province, it has been encouraged by the authorities and relevant agencies. Cooperatives have paid attention to investing in this type, initially seeing positive signals.

Hyosung sees 100 years of development in Vietnam

Hyosung, South Korea's leading power transformer producer, is expanding long-term operations in Vietnam because it sees 100 years of successful sustainable development in the future here, the company’s chairman said.

Bridges to create motivation for Bac Giang development

(BGO) - These days, in Bac Giang province, efforts have been made to speed up the construction of many bridges in order to soon put them into operation. These are all key projects expected to be completed this year and next year, increasing the connectivity between Bac Giang and neighboring provinces and regions.

Source: VNA