Vietnam and the World Bank signed the MoU (Source: VNA)

Hanoi (VNA) – Vietnam and the World Bank (WB) signed a memorandum of understanding (MoU) in Hanoi on June 28 to establish their sustainable urban and infrastructure development partnership for 2017 – 2021.

The agreement was inked by Minister of Construction Pham Hong Ha and World Bank Country Director for Vietnam Ousmane Dione.

Under the MoU, the two sides will foster cooperation and technical support, improve capacity and share experience in perfecting legal documents, regulations and mechanisms on urban management and development and water sector; urban management through training for the Academy of Managers for Construction and Cities (AMC); and adjusting national urban development planning and building the national urban development programme for 2021-2030 and regional development initiatives.

They will also work to build effective tools in support of urban development projects in order to tackle urbanisation challenges and promote reforms in the water sector.

Speaking at the signing ceremony, Minister Pham Hong Ha underlined the importance of urban and infrastructure development to Vietnam.

In addition to urban clean water, the ministry and the WB will together look into their future cooperation in rural clean water in order to cope with climate change.

Dione also expressed his special interest in reforms in the water sector, particularly encouraging the private sector’s investment to ease public debt burden.

He agreed to provide technical training for workers in the sector, including those from the Mekong Delta.-VNA