To understand which approaches have been successful and how these might help other countries and regions, we hosted a session with policy makers from Colombia, Ghana, South Africa, Vietnam, and Italy’s Veneto region.
The new country director is expected to provide the leadership needed to further strengthen the World Bank’s financing and knowledge engagements with Vietnam.
IFC will work with Hanoi to formulate a new-generation FDI strategy in response to the government’s master plan on foreign investment promotion toward 2030.
The funds will also be directed towards activities to enable economic recovery, including accelerating the execution of the investment program while deepening trade integration.
With many successes in economic development, Vietnam is an example for other emerging economies, said World Bank Country Director in Vietnam Ousmane Dione.
Vietnam could achieve its ambition of becoming a high-income country in 2045 by adapting its development strategy toward higher efficiency, just like Cristiano Ronaldo did with his game at the age of 35.
This will support the Vietnamese government’s climate mitigation actions by strengthening the resilient management of landscapes and natural resources.
Greater attention should be on the potential impact of the rapid monetary expansion on inflation and the deepening of the fiscal deficit caused by under-performing tax collection.
Vietnam’s private sector requires a modern and effective institutional framework for reaching out further to international markets, said the World Bank’s country director to Vietnam.
Covid-19 showed the urgency for governments to go digital, and fast with their public services, said a World Bank executive.