Vietnam lost about $10 billion in 2020, or 3.2 per cent of its gross domestic product, to climate impacts, the World Bank Group’s Country Climate and Development Report for Vietnam stated.
Thousands of micro, small, and medium enterprises, and millions of farmers across Asia and the Pacific stand to benefit from the first phase of Covid-19 crisis response funding from IFC, a member of the World Bank Group.
IFC, a member of the World Bank Group, is providing a financing package of $75 million to Phu My Hung Development Corporation to help sustain its property development operations, in the wake of Covid-19 impacts.
IFC, a member of the World Bank Group, has increased trade finance limits for Vietnamese banks as a rapid response initiative to address, in advance, potential trade finance challenges triggered by the outbreak of the novel coronavirus, known as COVID-19.
The changing macroeconomic and sectoral context in Vietnam requires a new approach to financing electricity and gas investments, according to the World Bank Group.
IFC, a member of the World Bank Group, and the two funds managed by IFC Asset Management Company are investing up to $65 million in Altus Special Situations Asia 1 LP to support distressed companies in East Asia, especially Vietnam and Indonesia.
Aging population, one of the four specific megatrends impacting on Vietnam, has many negative implications for Vietnam’s labor supply, long-term productivity growth, pension and social assistance system, according to country director of the World Bank Group in Vietnam Ousmane Dione.
During the first visit to Vietnam, World Bank Vice President for Sustainable Development, Laura Tuck reaffirmed the World Bank Group’s continued support for Vietnam as the country addresses the challenges of rapid urbanization and the impacts of climate change.
The World Bank Group (WBG)’s new Country Partnership Framework (CPF) with Vietnam has outlined the continuous strong engagement of WBG in Vietnam to support the country’s development ambition.
