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  To reach upper-middle income sta-tus by 2030, Vietnam’s development mod-el needs to change to a knowledge based, digitalized and green economy. None. Global Gender Gap Report 2020. Primary tabs. 7.02% GDP growth rate in 2019. Since the SARS outbreak in 2003, Vietnam has continued to strengthen its national capacity for emerging infectious disease control, including with World Bank support. License : CC BY-4.0. Through the removal of both tariff and non-tariff barriers and fulfilling its commitment in several regional trade agreements, the country has made remarkable achievements in trade liberalization. The rankings are determined by sorting the aggregate scores on 10 topics, each consisting of several indicators, giving equal weight to each topic. These support a wide array of investments in such areas as education, health, public administration, infrastructure, financial and private sector development, agriculture, and environmental and natural resource management. The initiative is strongly evidencebased, grounding its research in an in- -depth exploration of the 25-year power sector reform journey of 15 World Bank Group client countries that represent a wide diversity of geographies, income levels, and approaches to reform. The World Bank has reported that the overall tariff rate applied by Vietnam was reduced from 15.29% in 2001 to 3.14% in 2015. The World Bank has maintained Vietnam’s GDP growth forecast at 6.5% in 2020, unchanged from its previous prediction last June, according to the World Bank latest report tilted “2020 Global Economic Prospect.”. Learn how the World Bank Group is helping countries with COVID-19 (coronavirus). The Danang outbreak has again halted national tourism, deepening the sector’s economic woes. Offshore wind roadmap for Vietnam Interim report for consultation Subtitle World Bank Group July 2020 . Highest values. The World Bank report, released in the beginning of April, includes both a baseline and a more pessimistic scenario, with the “lower-case” forecast projecting contractions of the major developing ASEAN countries in the -0.5 percent to -5.0 percent range, with the exception of Vietnam, which maintains positive (+1.5 percent) growth. 7.08% GDP growth rate in 2018. Sources: World Bank. The World Bank noted that between 1990 (USD 6.472 billion) and 2016 (USD 205.276 billion), Vietnam’s GDP grew by a whopping 3,303% making it the second-fastest growth rate worldwide, only surpassed by China. The State Bank of Vietnam maintained a prudent monetary policy stance to support its twin ... GDP growth is projected to remain robust with a slight deceleration to 6.5 percent in 2020 and 2021 (Table 1). Vietnam’s medium-term outlook has improved further since the last Taking Stock release in December 2017. Please cite the work as follows: Climate Risk Profile: Vietnam (2020): The World Bank Group and Asian Development Bank. The Asian Development Bank (ADB) is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. This data was obtained in a 2 phase process: 1. geo-reference of PDF map. Foreign investors kept their confidence in Vietnam in 2019, registering US$3 billion worth of FDI on average per month. World Report 2020 is Human Rights Watch’s 30th annual review of human rights practices around the globe. Political Stability and Absence of Violence. It assists its members and partners by providing loans, technical assistance, grants, and equity investments to promote social and economic development. Objectives World Bank group has appointed PricewaterhouseCoopers (PwC) as the “Consultant” under selection #1259789 to provide strategic advice to World Bank, Ministry of Industry and Trade (MOIT) and Vietnam Electricity ISBN (paper): 978-1-4648-1440-2 Similar values. Merchandise Trade statistics data for Vietnam (VNM) including exports and imports, applied tariffs, top exporting and importing countries, effectively applied and MFN tariff along with most exported and imported product groups, along with development indicators such as GDP, GNI per capita, trade balance and trade as percentage of GDP for Most Recent Year. The World Bank provides low-interest loans, zero to low-interest credits, and grants to developing countries. ... Vietnam - Tiẽng Việt; It concludes that technological change is at this stage more a boon than a curse. COVID-19 has significantly decreased financial closures of investment projects across the globe, particularly in the East Under the plan, the total installed generation ... support of the World Bank, the Government of Vietnam is ... the report as-sumes another 1.5 GW to be developed by the end of 2020. The Global Findex database provides more than 200 indicators on topics such as account ownership, payments, saving, credit, and financial resilience. This data has been prepared for a World Bank project and represents the existing transmission lines, substations and power stations as of 2016. Globally, Vietnam is among the most open economies with a trade-to-GDP ratio of 190 percent in 2018. Line Bar Map. The country’s ranking slipped by a place and needs to do more in the area of resolving insolvency. In 2019 Vietnam’s population was estimated at 96.4 million, approximately one third of whom live in the metropolitan areas of … The Climate Change Knowledge Portal is a hub of information, data and reports about climate change around the world. The Country Opinion Survey in Vietnam assists the World Bank Group (WBG) in gaining a better understanding of how stakeholders in Vietnam perceive the WBG. It provides the WBG with systematic feedback from national and local governments, multilateral/bilateral agencies, media, academia, the private sector, and civil society in Vietnam on: This paper provides a high-level assessment of Vietnam's sea dike system and its prescribed dike safety standards. Background 1.1. In 1990, Vietnam’s urban population was 20.3% of the total population, by 2009 it was about 29.6%, and in 2011 it was 30% with a growth rate of 3.4%. This paper acts as a technical background paper to the report Resilient Shores: Vietnam's Coastal Development between Opportunity and Disaster Risk (Rentschler et al. The country’s ranking slipped by a place and needs to do more in the area of resolving insolvency. Cambodia’s poverty rate, defined as living on less than $1.90 a day, fell from 53% in 2004 to 20.5% in 2011 and 13.5% in 2014. The World Development Report (WDR) 2020: Trading for Development in the Age of Global Value Chains examines whether there is still a path to development through GVCs and trade. Klaus Rohland Country Director, The World Bank Vietnam I The selected countries are A procedure is defined as any interaction of the company founders with external parties (for example, government agencies, lawyers, auditors or notaries). The “Vibrant Vietnam: Forging the Foundation of a High-Income Economy” report, launched today, comes … , tariff. The discussion will be opened until the end of 20 January, 2015. Real GDP is now projected to expand by 6.8 percent in 2018 (up from 6.5 percent in our previous projection) Source: GSO, MOF, SBV, IMF and World Bank. India has improved its rank in 7 out of 10 indicators and … 111771-vn international bank for reconstruction and development international development association international finance corporation multilateral investment guarantee agency for the socialist republic of vietnam for the period fy18–fy22 may 4, 2017 vietnam country management unit Plan VII (Revised PDP 7) for the period 2016–2020 with a vi-sion to 2030. None. FIGURE 1 Vietnam / Real GDP growth and contributions to real GDP growth FIGURE 2 Vietnam / Actual and projected poverty rates and real GDP per capita Sources: World Bank. The country’s GDP was still growing at a 0.4 percent in the second quarter of 2020 (an exceptional rate during the pandemic), but it was the worst performance recorded over the past 35 years. The preparatory process for the 2020 edition was chaired by IRENA. 3 In a letter to the IMF, the World Bank, the OECD and the Paris Club (April 9, 2020), the IIF confirmed the willingness GDP growth (annual %) - Vietnam from The World Bank: Data. 1990 1995 2000 2005 2010 2015 2020 % -5 0 5 10 15 20 25 30 Vietnam. 2. digitization of transmission network. Yet a World Bank report warned that a loss of just $0.30 per day could cause poverty rates to double. The World Bank Group expects to deploy up to $160 billion over 15 months through June 2021 in financing tailored to the health, economic, and social shocks countries are facing as a result of the COVID-19 pandemic. The selected countries are 2020). HANOI, May 27, 2020—A productivity-driven development model–combining innovation with balanced development and allocation of private, public, human and natural capital–will be key for Vietnam to achieve its goal of becoming a high-income economy by 2045, a new World Bank report suggests.. The World Bank raised its forecast of China’s economic growth this year to 8.5% from 8.1% and said Tuesday that a full recovery requires progress in vaccinations against the coronavirus. Report. International Monetary Fund, Balance of Payments database, supplemented by data from the United Nations Conference on Trade and Development and official national sources. The World Bank (WB) in Vietnam today officially launched a project to support small and medium-sized enterprises (SMEs) in this country in the digital transformation.. During the event, Shawn Tan, WB lead expert, highlighted the growing demand for digital transformation for firms, especially in the context of the complicated developments of the COVID-19 pandemic. That’s the sobering finding of the Global Gender Gap Report 2020, which reveals that gender parity will not be attained for 99.5 years. Official data for Q3 2020 shows GDP growing 2.6 percent year-on-year (y-o-y), which is even stronger than we expected earlier in the year. 2020. New Delhi: In the World Bank’s Ease of Doing Business Report 2020, India has made a remarkable jump ranking 63rd among 190 countries.It has improved by 14 ranks from its rank of 77 in 2019. 1 See “G20 Finance Ministers and Central Bank Governors Meeting Communiqué,” April 15, 2020. World Integrated Trade Solution (WITS) software provides access to international merchandise. Vietnam Ease of Doing Business ranking is 70 out of 190 countries, ranks 8th in East Asia and Pacific. Staff Connections - World Bank Intranet: ⋅. The total number of procedures required for married women to register a firm. In Vietnam, electronics value chains have been impacted by lockdowns of overseas suppliers and disruption to logistics services, affecting both shipping of raw materials and electronic components – and delivery of final products to consumers. That strong economic run will likely continue this year, said the Bank of America economists. The bank forecast the Vietnamese economy growing 9.3% in 2021 — a much higher growth rate than the 6.7% expansion projected by the World Bank. Vietnam’s … Global Findex data is reported for all indicators by country, region, and income group. Aggregates. This report would not have been possible without data from the World Bank’s Skills Toward Employment and Productivity (STEP) skills measurement project which collects information on workforce skills in multiple countries across the world, including in a first round in Vietnam, Yunnan Province of China, Lao PDR, Sri Lanka and Bolivia in 2011/2012. The World Bank is raising its forecast of China’s economic growth this year to 8.5% from 8.1% and says vaccinations against the coronavirus are needed for a full recovery. Lowest values. 7 World Bank Open Data. All queries on rights and licenses should be addressed to World Bank Publications, The World Bank Group, 1818 H Street NW, Washington, DC 20433, USA; e-mail: pubrights@worldbank.org. However, this rate went down to almost zero after Vietnam’s National Assembly ratified the CPTPP at its sixth session on November 12, 2018. Average Monthly Temperature 1901 - 2009 (C) Jan Jun Nov 19 23.5 28 Vietnam. Find Out . ... UAE Vietnam Cambodia Indonesia Malaysia The Philippines ... from the World Bank Country and Lending Groups Similar values. “We project for net exports to decline by 3.9% this year. Starting a Business - Vietnam Figure – Starting a Business in Vietnam – Score Procedures 58.8 Time Vietnam's GDP is expected to grow by 4.9% this year, about 1.6 percentage points lower than the previous projection, according to a latest World Bank report… The Documents & Reports (D&R) site is an official disclosure mechanism for the World Bank Group’s final reports. Vietnam is likely the top-performing Asian economy in 2020 — a feat that was achieved without a single quarter of economic contraction. Vietnam’s reforms have focused on access to credit and payment of taxes. Report. The Global Competitiveness Report series has since its first edition aimed to prompt policy-makers beyond short term growth and to aim for long-run prosperity. Final Inception Report World Bank: Developing Sustainable Rooftop PV in Vietnam #1259789 PwC 4 1. regulatory environment for business around the world. With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. The World Justice Project Rule of Law Index® is the world’s leading source for original, independent data on the rule of law.Covering 128 countries and jurisdictions, the Index relies on national surveys of more than 130,000 households and 4,000 legal practitioners and experts to measure how the rule of law is experienced and perceived worldwide. The preparation of the report follows an invitation from the Government of Vietnam to the World Bank Group to provide support in developing a roadmap for offshore wind in Vietnam. WB External Site ‘Vietnam.’ Accessed April 2019. Monday, September 21 2020. About the Collection. This report argues that Vietnam should not envision a return to the old normal, but rather should define what will be the new normal as the pandemic has changed in so many ways how people live, work, and communicate. We forecast a GDP growth of around 6.5 percent for the period 2020 … According to the latest Taking Stock report, titled “What will be the new normal for Vietnam? Same region. Forecasting an impressive 6.6% GDP for 2021. Hanoi, July 30, 2020—While Vietnam’s economy has been seriously impacted by COVID-19, it remains resilient and is poised to bounce back, according to a new World Bank report.. Label. Vietnam - Electricity Transmission Network. 8 J.P. Morgan 2019 Payments Trends – Global Insights Report: Data has been provided to J.P. Morgan Merchant Services by Edgar, Dunn and Company via EU-Vietnam Business Network: E-Commerce industry in Vietnam Research Report … Foreign Direct Investment (FDI, registered) fell sharply in August to about US$720 million compared to US$3.1 billion in July 2020 (Figure 6). The World Bank Group is pleased to launch the consultation for an offshore wind roadmap for Vietnam. I sincerely hope that this report is a meaningful contribution to further improving the public procurement system in Vietnam and highly recommend it for reading. The State of Green Banks 2020 report fills that gap. 2.9% GDP growth rate in 2020. The report adds to positive signs for China, the first major economy to rebound from the pandemic. View methodology. Aggregates. The rankings for all economies are benchmarked to May 2019. 3. Doing Business 2020 Vietnam Page 5. trade. Line Bar Map. Among the assessed 190 economies, Vietnam reached 69.8 points out of 100, higher than last year (68.6), but fell one step down to 70th. According to the World Bank Ease of doing business report, Vietnam ranks higher than Indonesia, the Philippines, lagging behind Malaysia, Thailand in 2020. Same region. THE WORLD BANK July 2019. Vietnam’s reforms have focused on access to credit and payment of taxes. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm. A productivity-driven development model–combining innovation with balanced development and allocation of private, public, human and natural capital–will be key for Vietnam to achieve its goal of becoming a high-income economy by 2045, a new World Bank report suggests. non-tariff measures (NTM) data. Vietnam is ranked 70th (out of 190) in the World Bank’s (WB) “Doing Business 2020”, a drop of one place from the 2019 report but a big improvement over the past decade World Bank lead economist Dr Richard Record said net exports and investments in Malaysia are expected to experience a larger contraction in 2020, while private consumption is expected to grow at a much slower pace, from 7.6% in 2019 to 1.6% in 2020. Worldwide Governance Indicators. Vietnam is a Southeast Asian nation with an extensive coastline and diverse but generally warm climate including temperate and tropical regions. Offshore wind roadmap for Vietnam Interim report for consultation Subtitle World Bank Group July 2020 . Remittances to LMICs are expected to decline by 7 percent in 2020, and by a further 7.5 percent in 2021. Vietnam ranked 70 among 190 economies in the World Bank’s Doing Business 2020 report. Inflation, consumer prices (annual %) - Vietnam. Human Rights Watch | 350 Fifth Avenue, 34th Floor | New York, NY 10118-3299 USA | t 1.212.290.4700 Any queries on rights and licenses, including subsidiary rights, should be addressed to World Bank Publications, The World Bank The “Vibrant Vietnam: Forging the Foundation of a High-Income Economy” report, launched … From March 2020 through May 2020, 1,043 stakeholders of the World Bank in Vietnam were invited to provide their opinions on the WBG’s work in the country by participating in a Country Opinion Survey (COS). Vietnam ranked 70 among 190 economies in the World Bank’s Doing Business 2020 report. WGI 2020 Interactive > Home. The repository contains official documents and reports which are made available to the public in accordance with the Bank’s Access to Information Policy to better share the institution's knowledge base. Download PDF. Foreign direct investment, net inflows (BoP, current US$) - Vietnam. The initiative is strongly evidencebased, grounding its research in an in- -depth exploration of the 25-year power sector reform journey of 15 World Bank Group client countries that represent a wide diversity of geographies, income levels, and approaches to reform. The country, however, is now at a turning point where some of its traditional drivers of growth are gradually weakening,” said Ousmane Dione, World Bank Country Director for Vietnam. “To achieve its ambition to become a high-income economy by 2045, Vietnam must put productivity growth front and center of its economic model. [FiinResearch] - Latest Vietnam Banking Report 2020 07 September 2020 - 07:11 PM The pandemic has disrupted global trade and supply chains leading to deterioration in corporate earnings and individual income, which eventually weakens credit demand and asset quality of the banking sector in Vietnam. Average Monthly Rainfall 1901 - 2009 (mm) Jan Jun Nov 27 149 270 Vietnam. The World Bank (WB) has just released its Business Environment Report 2020. 111771-vn international bank for reconstruction and development international development association international finance corporation multilateral investment guarantee agency for the socialist republic of vietnam for the period fy18–fy22 may 4, 2017 vietnam country management unit The Worldwide Governance Indicators (WGI) project reports aggregate and individual governance indicators for over 200 countries and territories over the period 1996– 2019, for six dimensions of governance: Voice and Accountability. Governance consists of the traditions and institutions by which authority in a country is exercised. ... 1985 - 2020 GDP (constant 2010 US$) ... REPORT FRAUD OR CORRUPTION. the world bank group for official use only report no. x. Browse the Country profile section to obtain countries exports, imports and tariff statistics along with relevant development data. Time – Women (days) License : CC BY-4.0. Hanoi, July 30, 2020 —While Vietnam’s economy has been seriously impacted by COVID-19, it remains resilient and is poised to bounce back, according to a new World Bank report. According to the latest Taking Stock report, titled “What will be the new normal for Vietnam? The World Bank and the donor community are ready to assist the Government of Vietnam in the implementation of this action plan. At the World Bank, we are positive about the prospect of Vietnam’s economy over the next few years. Climate Change. 2 See “Joint Statement from the World Bank Group and the International Monetary Fund Regarding A Call to Action on the Debt of IDA Countries,” March 25, 2020. Philippines Digital Economy Report 2020 : A Better Normal Under COVID-19 ... and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. Abstract. Find the dashboards … “COVID-19 has affected significantly our product [ion] in Vietnam. This is an improvement from the ranking of 99th in 2014. The 652-page volume reviews human rights practices and trends in nearly 100 countries. The report presents results of a new survey of more than 2,400 business executives representing FDI in 10 large developing countries: Brazil, China, India, Indonesia, Malaysia, Mexico, Nigeria, Thailand, Turkey, and Vietnam. IRENA produces the report jointly with the International Energy Agency (IEA), the United Nations Statistics Division (UNSD), the World Bank, and the World Health Organization (WHO). Country-level data STATA EXCEL DATABANK. This site uses data provided by national central … While Vietnam has managed to contain the COVID-19 outbreak so far, its economy has been hurt in recent months. and. Doing Business 2020, a World Bank Group flagship publication, is the 17th in a series of annual studies measuring the regulations that enhance business activity and those that constrain it. International Monetary Fund, International Financial Statistics and data files. In Vietnam, on average, FDI has contributed to more than 350,000 individuals switching from informal to formal manufacturing employment each year between 2007 and 2016. None of us will see gender parity in our lifetimes, and nor likely will many of our children. Vietnam during the first eight months of 2020, down 66.6% (y/y). VNM 42 Vietnam 271,158 PAK 43 Pakistan 263,687 ... World Bank, 1 July 2021 1. Exports of goods and services (constant 2010 US$) Exports of goods and services (% of GDP) Minister of Planning and Investment Bui Quang Vinh and World Bank Vietnam Country Director Victoria Kwakwawill join an online discussion on our website to discuss solutions for Vietnam’s development toward 2035 that will be covered in the Vietnam 2035 Report. 2020 HALF YEAR REPORT • 4 Executive Summary • Investment2 commitments in the first half of 2020 stood at US$21.9 billion across 128 projects, a decline of 56 percent from the same period in 2019. The World Bank has maintained Vietnam’s GDP growth forecast at 6.5% in 2020, unchanged from its previous prediction last June, according to the World Bank latest report tilted “2020 Global Economic Prospect.”. In keeping with the World Bank Group’s initiative to provide universal financial access by 2020, the 2015 GPSS survey includes a data module on transaction accounts and diversified access points as key drivers of financial access. 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