Vietnam was seeking more assistance in poverty reduction, construction of new rural centres and reducing the effects of climate change, to achieve a stable macro-economy and ensure social welfare.

Permanent Deputy Prime Minister Nguyen Sinh Hung made the statement at the mid-term donors’ Consultative Group Meeting, which took place in the central province of Ha Tinh on June 8-9.

Hung affirmed that Vietnam had effectively used development aid in a transparent manner, adding that the Government would continue to implement Resolution 11 and policies to reduce public investment and the trade deficit, as well as to bring the inflation rate down to a single digit in the future.

He said the Vietnamese Government would work closely with consultants and donors to help the country overcome existing challenges, such as high inflation, trade deficit, administrative procedures reform and corruption in the mining industry and land management.

The Ambassadors of Sweden, the Republic of Korea, the United Kingdom, the EU, the United Nations Resident Coordinator and IMF representative spoke highly of the positive impacts of Vietnam’s implementation of Resolution 11 on curbing inflation, stabilising the macro-economy and ensuring social welfare.

Jointly organised by the Ministry of Planning and Investment and the World Bank, the event drew the participation of 800 delegates, including 133 international delegates who focused their discussion on macro-economic stability, corruption prevention in the mining industry and assessing aid effectiveness.

WB Country Director Victoria Kwakwa said that this meeting was successful./.