Bangladesh need not be like Singapore right now. Rather, it needs to understand how a country like Vietnam has been accelerating its pace of development.

Bangladesh’s economic growth slowed down due to global uncertainties and domestic political instability and natural disasters.

The projection from the Washington-based lender comes a couple of days after the government targeted a 6.75 percent growth of the gross domestic product -- the final value of goods and services produced in an economy in a certain period -- for 2024-25.

The World Bank's prediction is much lower than govt projection of 6.75%

As the economy of Bangladesh is growing rapidly, the Netherlands is looking to enhance bilateral trade and utilise investment opportunities here with a strong focus on digitalisation and sustainability.