Prime Minister Nguyen Tan Dung has asked the World Bank to continue providing preferential loans to Vietnam, pledging to take drastic measures to accelerate the disbursement of WB funding and increase the efficiency of the use of capital.

Receiving the Vice President for East Asia and Pacific region of the WB, Pamela Cox in Hanoi on July 25, PM Dung thanked the bank for its policy consultation and capital lending to Vietnam .

He said despite achievements over the past time, Vietnam has yet to achieve sustainable economic growth while poverty still remains a problem. Therefore, the country continues to need assistance in terms of both advice and capital to sustain its development and avoid the “middle income trap”, Dung said.

Cox spoke highly of Vietnam ’s socio-economic achievements, particularly the government’s policies to curb inflation and stabilise macro-economy. She affirmed that the WB will always go side by side with Vietnam in the process of development, adding that she found Vietnam has used WB loans effectively./.