Politics

WB ready to help Vietnam with sustainable economic development

Vietnam should come up with solutions to bring benefits for short, mid and long-terms, helping the economy to develop stronger towards becoming a high-income country by 2045, said Global Director of the World Bank (WB) Group's Macroeconomics, Trade and Investment Global Practice Marcello de Moura Estevão Filho.
WB ready to help Vietnam with sustainable economic development ảnh 1Politburo member, Chairman of the Central Theoretical Council and President of the Ho Chi Minh National Academy of Politics Nguyen Xuan Thang (right) and Global Director of the World Bank (WB) Group's Macroeconomics, Trade and Investment Global Practice Marcello de Moura Stevão Filho. (Photo: VNA)
Hanoi (VNA) – Vietnam should come up withsolutions to bring benefits for short, mid and long-terms, helping the economyto develop stronger towards becoming a high-income country by 2045, said GlobalDirector of the World Bank (WB) Group's Macroeconomics, Trade and InvestmentGlobal Practice Marcello de Moura Stevão Filho.

In a meeting in Hanoi on November 4 with Politburomember, Chairman of the Central Theoretical Council and President of the Ho ChiMinh National Academy of Politics Nguyen Xuan Thang, Filho said short-termsolutions to stabilise the economy at the moment could undermine long-termgoals.

According to the official, there are many ways todevelop a sustainable economy in a long term and Vietnam has taken properactions so far.

He said the WB is ready to work with the countryto build Vietnam Report 2045, adding that it will strive to seek necessaryresources to conduct the study in the coming time.

Thang said Vietnam advocates addressing immediateissues like culture, economy, politics, security and external affairs in orderto create a premise for dealing with long-term matters.

Ensuring security, welfare and health of people isalways the goal in every step and policy of Vietnam, he said, adding that itrequires huge resources to deal with both social and economic developmentissues.

Thang also stressed the need to protect a peacefulenvironment and achieve harmonious, sustainable development in a changing worldas inflation, natural disasters, floods and epidemics are affecting economicgrowth of many countries, including Vietnam./.
VNA
#Global Director of the World Bank Group's Macroeconomics #Trade and Investment Global Practice Marcello de Moura Stevão Filho #Vietnamplus #Vietnam News Agency #Vietnam Report 2045 #sustainable development Vietnam
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