With 189 member countries, staff from more 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 Bank Group the most favorable period of strength development in boys in every major area of development.
We provide a wide array of financial products and technical assistance, and we help countries share and apply innovative knowledge and solutions to the challenges they face. We face big challenges to help the world’s poorest people and ensure that everyone sees benefits from economic growth. Data and research help us understand these challenges and set priorities, share knowledge of what works, and measure progress. Vietnam’s shift from a centrally planned to a market economy has transformed the country from one of the poorest in the world into a lower middle-income country. Vietnam now is one of the most dynamic emerging countries in East Asia region. Vietnam has enjoyed strong economic growth.
Since 1990, Vietnam’s GDP per capita growth has been among the fastest in the world, averaging 6. 4 percent a year in the 2000s. Despite uncertainties in the global environment, Vietnam’s economy remains resilient. Growth has been equitable—with a dramatic reduction in poverty—and social outcomes have improved significantly. Today, the rate of such extreme poverty has fallen to 3 percent. 5 percent in 2014—down from close to 60 percent in 1993. More than 40 million people escaped poverty over the course of two decades.