World Bank approves over US$320 million to support Vietnam’s recovery efforts
The support aims to improve urban management and promote a recovery, which is inclusive, digitally transformative, and sustainable.
The support aims to improve urban management and promote a recovery, which is inclusive, digitally transformative, and sustainable.
Vietnam continues to push for a green growth policy by reducing coal-based power generation and increasing the share of renewables in the total primary energy supply, Vietnam’s President has said.
Several signs suggest slowdown in economic activity if the pandemic is not contained in the short term.
Vietnam has a globally relevant offshore wind resource, enabling it to generate 30% of total national electricity by 2050.
Vietnam has emerged as one of the new personal protective equipment (PPE) suppliers globally.
Vietnam has been successful in containing Covid-19 and has benefited from fiscal measures supporting public investment and robust foreign direct investment (FDI) inflows.
The fund will enable the construction of two onshore wind power plants that will generate about 170 million kilowatt hours of clean energy per year.
The government may want to consider a new fiscal stimulus that would include a more generous assistance package for Covid-19 affected people and businesses, stated the World Bank.
This was a fourth consecutive year that Vietnam remains in the top 10 in terms of remittance.
Vietnam is one of the top aquaculture producing and exporting countries in the world.