Politics

President asks for more ADB soft loans

President Tran Dai Quang has proposed that the Asian Development Bank (ADB) continue to provide soft loans to Vietnam to realise its socio-development goals.
President asks for more ADB soft loans ảnh 1President Tran Dai Quang (L) meets Asian Development Bank (Photo: VNA)

Hanoi (VNA) – President Tran Dai Quang has proposed that the Asian Development Bank (ADB) continue to provide soft loans to Vietnam to realise its socio-development goals.

During a meeting with the bank’s President Takehiko Nakao in Hanoi on June 17, the Vietnamese leader asserted that Vietnam will effectively manage and distribute the capital.

Noting that over the past years, Vietnamese leaders have always paid a lot of attention to the distribution of ADB’s loans, he pledged that the country will work hard to maximise the efficiency of the capital.

Vietnam is currently facing a number of challenges generated by climate change, he said, adding that many regions in the country are suffering drought, salinity intrusion and environmental pollution, which pose negative impacts to the whole country’s growth and need to be urgently tackled.

The country also has a high demand for capital for its sustainable and rapid socio-development targets, with priority on economic restructuring, infrastructure improvement and human resources training, said President Tran Dai Quang.

He also thanked the bank for its assistance and cooperation over the past years, stating that Vietnam treasures its relations with ADB and considers the bank the leading sponsor of both capital and technical and policy consultation.

ADB President Takehiko Nakao affirmed that the bank is keen on affiliating with Vietnam , which has recorded numerous development achievements.

ADB will actively support Vietnam in financial restructuring, small and medium-sized enterprise development and FDI attraction, he vowed.

He also briefed his host on the outcomes of his working session with Vietnam’s ministries and sectors, which focused on areas in need of ADB’s capital, including infrastructure improvement, power transmission, alternative energy, water supply, agriculture, climate change response, and education and training.

As Vietnam has designed its new socio-economic development plan for the 2016-2021 period, the lender hopes to talk with the country’s management bodies on measures where it can cooperate and support Vietnam in the next five years, in the most effective manner.-VNA

VNA
#socio-economic development plan #Asian Development Bank #ABD President Takehiko Nakao #President Tran Dai Quang #soft loans
Follow VietnamPlus

Related News

Prime Minister delighted with ties with ADB

Prime Minister delighted with ties with ADB

Vietnam treasures ties with the Asian Development Bank (ADB), considering the lender one of the top donors in the supply of capital, technical assistance and policy consultation.

See more

Politburo member, Standing member of the Party Central Committee’s Secretariat Tran Cam Tu attends the rehearsal. (Photo: VNA)

Security forces stage rehearsal for 14th National Party Congress

The People’s Public Security forces have been praised for their core role in closely working with the army and relevant ministries and agencies, with success in thwarting hostile plots at an early stage, drastically combating fake news and disinformation surrounding the 14th National Party Congress.

Senior Lieutenant General Le Quoc Hung (L), member of the Communist Party of Vietnam (CPV) Central Committee and Deputy Minister of Public Security, and General Vilay Lakhamfong, Politburo member and permanent member of the Secretariat of the Lao People’s Revolutionary Party (LPRP) Central Committee. (Photo: VNA)

Deputy Minister of Public Security congratulates Lao officials following succesful 12th National Party Congress

Deputy Minister of Public Security Senior Lieutenant General Le Quoc Hungconveyed the warmest congratulations of the Central Public Security Party Committee, the Ministry of Public Security leadership, and the Vietnamese People’s Public Security Forces to Lakhamfong and other Lao public security leaders on the congress’s success and their election to key leadership positions for the new term.

A session of the National Assembly Standing Committee. (Photo: VNA)

NA Standing Committee's key work agenda for 2026 approved

A major focus will be preparations for the election of deputies to the 16th NA and to People’s Councils at all levels for the 2026–2031 term. The NASC will coordinate with the National Election Council, the Government, the Vietnam Fatherland Front Central Committee, and relevant agencies and organisations to continue implementing the election plan, organise oversight of the electoral process, and carry out its duties and powers as prescribed.

Party General Secretary To Lam receives US Ambassador Marc Evans Knapper in Hanoi on January 9, 2026. (Photo: VNA)

Party leader receives outgoing US Ambassador

Vietnam always values its relationship with the US and looks forward to continuing close cooperation with the US government to deepen bilateral relations based on mutual respect for each other’s independence, sovereignty, territorial integrity, and political institutions, contributing positively to peace, stability, cooperation, and development regionally and globally.

Vietnamese Ambassador to the US Nguyen Quoc Dung (Photo: VNA)

Foreign affairs contribute to enhancing Vietnam’s international standing: Diplomat

Foreign affairs played an important role in maintaining a peaceful and stable international and regional environment; expanding friendships and partnerships without creating adversaries; deepening international integration to attract and effectively utilise external resources for development, including markets, investment, science and technology, and human resources training; and promoting the image of a confident, resilient Vietnam actively contributing to global affairs, Vietnamese Ambassador to the US Nguyen Quoc Dung highlighted.

Deputy Minister of Finance Nguyen Duc Chi (standing) addresses the press conference (Photo: VNA)

Solid grounds for double-digit growth in 2026: Press conference

Speaking at the Government’s regular press conference on January 8, Deputy Minister of Finance Nguyen Duc Chi said that the solutions include further improving institutions and legal frameworks to remove bottlenecks and shift governance from control to facilitation; mobilising and efficiently allocating development resources, with public investment playing a leading role.

General Secretary of the Lao People's Revolutionary Party Central Committee Thongloun Sisoulith delivers a closing speech at the 12th National Congress of the Lao People's Revolutionary Party. (Photo: VNA)

Vietnamese Party chief congratulates Lao counterpart on re-election

General Secretary Lam firmly believed that, under the leadership of the LPRP Central Committee and the important role played by comrade Thongloun, the Lao Party and people would successfully fulfil the goals set out by the 12th Party Congress, building a peaceful, independent, democratic, unified and prosperous Laos.

Deputy Minister of Foreign Affairs Le Thi Thu Hang (right) and Norwegian Ambassador to Vietnam Hilde Solbakken (Photo: VNA)

Vietnam, Norway step up cooperation in green transition, circular economy

The Deputy Minister highly appreciated the efforts of Solbakken and the Norwegian Embassy in promoting the bilateral ties, and agreed that the two sides should further leverage each other’s strengths and needs to open up new cooperation opportunities, particularly in green transition, circular economy and climate change response.