The World Bank Group (WB) is willing to boost cooperation with Vietnam and help the country devise comprehensive and effective development strategies, WB President Jim Yong Kim said at his meeting with President Truong Tan Sang in Hanoi on July 17.

According to the WB President, Vietnam has a good chance to soon become an industrialized country.

He took the occasion to inform President Sang that Vietnam will be the second country to receive nearly 4 billion USD in preferential loans from the WB’s International Development Association (IDA) to promote public-private partnership and economic growth.

The guest affirmed that his institution will send financial experts to help Vietnam use the funding effectively. He added that WB will continue to work together with Vietnam in such fields as vocational training, health care, climate change and renewable energy.

President Sang valued the WB’s cooperation with Vietnam and highlighted its substantial assistance to the latter’s localities in poverty elimination.

He suggested both sides further their multifaceted partnership, particularly in fields important to Vietnam such as economic restructuring, human resource quality, and environmental protection.-VNA