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Scene behind Vietnam's confined competitiveness: Experts

Vietnam develops but does not follow the value chain and the way economy grows in the future, whilst building many roads does not bring efficiency, according to experts.

World Bank's Lead Economist: The biggest disadvantage of the property tax is its high administrative cost

The property tax is not only a source of the Government revenue, but also a tool that adds to improving efficiency and accountability of the government, contributing to the development of the housing market and infrastructure, according to Sebastian Eckardt, Lead Economist for the World Bank in Vietnam.

Reducing trade costs can improve Vietnam's competitiveness in the ASEAN region

While Vietnam has made great progress in reducing tariffs, there remains significant potential to reduce trade costs through rationalization of non-tariff measures or specialized controls, more efficient border management and logistics.

WB raises forecast for Vietnam's economic growth to 6.8 per cent

Vietnam's economy is forecasted to expand by 6.8 percent in 2018 before moderating to 6.6 percent in 2019 as capacity constraints become more binding, according to World Bank.

Conflicted projection of Vietnam economy in 2018

In spite of the general positive medium-term prospect, significant challenges still remain to hover Vietnam's attempts on securing a sustainable growth this year.

Nine million people are still living under extreme poverty in Vietnam

Although the effort to reduce poverty in Vietnam has been considerably effective, nine million people are still living under extreme poverty, according to World Bank.

World Bank assesses impacts of CPTPP on Vietnam’s economy

According to international organizations, the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) would bring huge economic benefits to Vietnam.

Paradox of Vietnam’s logistics: High costs but low quality

Vietnam's logistics industry has the potential to become a key economic sector; however, after 40 years of operation, it still shows many weaknesses.

World Bank launched a report on accounting and auditing standards in Vietnam

A number of recommendations have been made to establish a sound financial reporting institutional framework and improve understanding of high quality corporate financial reporting and auditing.

WB Country Director: Productivity growth named momentum for economic development

Vietnam Development Forum (VDF) held in Hanoi today focused on productivity growth, a key requirement for Vietnam's medium-term development prospects.

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