Vietnam and China are the only two economies in East Asia and Pacific experiencing a V-shaped rebound where output has already surpassed pre-pandemic levels.

Although the pandemic has negatively affected most businesses in Vietnam, many have demonstrated a high capacity to rebound after the lifting of the nationwide lockdown at end of April 2020, said a World Bank’s expert.

The energy efficiency investment need for key industries in Vietnam was estimated at around US$3.6 billion.

The Vietnamese government would continue to put up efforts in revising and improving regulatory framework in order to accommodate fast changes in the field of technology.

Experts have said that Vietnam should further focus on administrative reform and improve the existing legislation framework to boost economic growth this year.

IFC wants to provide large financial packages in both mid- and long-term for Hanoi in waste treatment, transportation and smart lighting.

Hanoi is seeking technical support for its socio-economic development, focusing on urban management, traffic congestion, and climate change.

Vietnam Electricity will conduct price marketization to encourage investment in electricity industry and follow the State-regulated market mechanism.

Vietnam’s good economic performance comes from the resilience of both domestic economy and foreign trade.