Deputy PM meets WB Vice President in Hanoi hinh anh 1Deputy Prime Minister Trinh Dinh Dung (R) and World Bank Vice President for East Asia and the Pacific (Photo: VNA)
Hanoi (VNA) Deputy Prime Minister Trinh Dinh Dung has asked the World Bank to continue offering preferential loans to Vietnam so that the Government and private sector of Vietnam can continue working towards a better infrastructure system.

During a meeting with Victoria Kwakwa, World Bank Vice President for East Asia and the Pacific on July 25 in Hanoi , the Deputy PM said that Vietnam is also focusing on improving transport infrastructure, especially highways and roads leading to border gates.

Hailing the WB Vice President’s contributions to the development of Vietnam during her offical tenure as WB Country Director in Vietnam, the Deputy PM said Vietnam is in need of investment for the synchronic development of infrastructure systems for socio-economic development, so the country hopes the WB will extend Vietnam’s access to preferential lending in the form of Official Development Assistance (ODA) and loans of the International Development Association (IDA).

He valued the WB’s financial assistance to Vietnam in infrastructure building, transport, energy, urban upgrade, waste water treatment, climate change response and other social fields, which he described as important resources for the socio-economic development of Vietnam that help the country attract more domestic and foreign investment.

Vietnam pays much attention to the effectiveness of loans from the international community and the WB in particular, he said, adding that Vietnam is tightening the supervision and management on the capital.

For her part, Victoria Kwakwa said the priorities that Vietnam has set for the next five years, including macro-economic development, climate change response, transport and energy, will be the foundation for the country’s socio-economic development.

She recommended that the Government of Vietnam pay more attention to attracting investment and mobilising capital resources amidst high public debts. The country should also use assistance effectively, while strengthening the monitoring of the State budget, and calling for more investment from the private sector, she suggested.-VNA