Vietnam hopes to receive further WB assistance hinh anh 1Politburo member Vuong Dinh Hue (M) and WB and Vietnamese officials (Source: VNA)
Hanoi (VNA) – Politburo member Vuong Dinh Hue has asked the World Bank to continue providing assistance and sharing experience to help Vietnam take full advantage of free trade agreements (FTAs) and cope with challenges posed by them.

Welcoming Senior Director of the World Bank Group’s Global Practice on Trade and Competitiveness, Anabel Gonzales, and WB Country Director in Vietnam Victoria Kwakwa in Hanoi on March 15, Hue, who is head of the Party Central Committee’s Economic Commission, spoke highly of the bank’s valuable support for Vietnam’s socio-economic development, including the building of the Vietnam Report 2035.

He expressed his hope that the WB will maintain its assistance for the country’s implementation of its 2016-2020 socio-economic development plan and increasingly intensive international integration.

Economic restructuring, re-organisation of State-owned enterprises and banks, and reform of the growth model in a comprehensive and sustainable manner continue to be Vietnam’s priorities.

Vietnam wishes to receive the WB’s help in boosting sustainable poverty reduction, developing the capital market, perfecting economic institutions and adapting to climate change, as well as its facilitation of the country’s access to preferential loans, Hue added.

The two WB officials spoke of Vietnam’s socio-economic achievements and development potential, and the great opportunities that await during the country’s intensive and extensive regional and international integration, especially when it is participating in numerous new-generation FTAs, including the Trans-Pacific Partnership (TPP) agreement.

They showed their backing for the Vietnamese Party’s and Government’s policies and determination to deal with challenges, especially in improving the business environment and increasing national competitiveness.

The World Bank and its member organisations will provide effective and necessary assistance for Vietnam’s sustainable development, and for meeting its commitments to enjoy the full benefits of the TPP, they added.-VNA