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Australia grants 5 million AUD for Vietnam’s development agenda

The Australian Government has approved a grant of 5 million AUD to help Vietnam enhance competitiveness, reduce carbon footprint, and improve lives and livelihoods, according to the World Bank.
Australia grants 5 million AUD for Vietnam’s development agenda ảnh 1Carolyn Turk, World Bank Country Director for Vietnam (Photo: World Bank)
Hanoi (VNA) – The Australian Government hasapproved a grant of 5 million AUD to help Vietnam enhancecompetitiveness, reduce carbon footprint, and improve lives and livelihoods, according to the World Bank.

The grant represents additional funding to the ongoingAustralia – Bank Partnership in Vietnam (ABP), which focuses on a wide range ofpolicy areas designed to support the country’s development agenda.

“The COVID-19 pandemic continues to have a significantimpact on Vietnam’s reform agenda and exacerbate inequalities, which are morepronounced and harder to close for ethnic minorities, for women and for othermarginalised groups. Responding to this, Australia’s extended collaborationwith the World Bank will continue to support Vietnam’s quick economic recoveryand help achieve its development goals,” Australian Ambassador to Vietnam RobynMudie said.

Australia grants 5 million AUD for Vietnam’s development agenda ảnh 2The Australian Government has approved a grant of 5 million AUD to help Vietnam enhance competitiveness, reduce carbon footprint, and improve lives and livelihoods. (Photo: VNA) 
The ABP will continue its work on gender equality and thesustainable development of the Mekong Delta. In addition, it will also helpaddress new priorities set out in the country’s recently adopted socio-economicdevelopment strategy for 2021-2030 and plan for 2021-2025, including thetransition to a low carbon economy, social equity and inclusion, andinnovation-driven growth.

“The ABP will continue providing high-quality advisory work,enabling Vietnamese policymakers to pursue substantive reforms,” said CarolynTurk, World Bank Country Director for Vietnam. “These reforms are needed bothfor recovery from the economic costs of COVID-19, but also to set a solid basisfor the pathway to higher income status.”

The ABP was established in 2017 with an initial fundingamount of 25 million AUD. During the COVID-19 pandemic, it responded quicklyand provided an additional 5 million AUD to support Vietnam to respond to, andrecover from, the pandemic.

The programme leverages expertise from Australia and the WorldBank Group to support the Vietnamese Government in strengthening itsdevelopment policies and programmes./.
VNA
#Australian Government #World Bank #Australia – Bank Partnership in Vietnam #grant of 5 million AUD #COVID-19 #Robyn Mudie #Carolyn Turk #vietnam news agency #vietnamplus
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