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WB’s Vietnam Development Report 2019 launched

The Vietnam Development Report (VDR) 2019: Connecting Vietnam for Growth and Shared Prosperity was co-launched by the World Bank (WB) and the Ministry of Investment and Planning in Hanoi on January 15.
WB’s Vietnam Development Report 2019 launched ảnh 1The Vietnam Development Report (VDR) 2019: Connecting Vietnam for Growth and Shared Prosperity is launched in Hanoi on January 15. (Photo: VNA)

Hanoi (VNA) – The Vietnam Development Report (VDR) 2019: Connecting Vietnamfor Growth and Shared Prosperity was co-launched by the World Bank (WB) and the Ministry of Investment andPlanning in Hanoi on January 15.

The report is a series of flagship analyticaland policy reports by the WB in Vietnam.

In his remarks at the launching event, Deputy Prime Minister Vuong Dinh Huesaid the government of Vietnam wants experts to continue bringing out solutions fordeveloping trade infrastructure.

Most of the ideas currently focus on North-Southconnectivity, he said, adding Vietnam already hadNorth-South railway, Highway 1A and Ho Chi Minh Trail, and the country isdeveloping North-South Expressway and North-South High SpeedRailway.

“Vietnam hopes to see more for East-West connectivity to foster the development ofmarine economy following the already-announced Marine Strategy,” he continued,saying the government expects the WB can help Vietnam in this matter.

Minister of Investment andPlanning Nguyen Chi Dung said with a multi-faceted and multi-dimensionalapproach, the report provides policy makers and stakeholders with developmentpolicy options and investment strategies to enhance Vietnam’s connectivity to promote inclusive development andenhance climate resilience.

“Connectivity is such a multi-faceted and multi-dimensional concept that is not justabout physical infrastructure but also about space for economic activities, theavailability and capacity,” Dung noted.

It presents a comprehensive overview of connectivity issues inVietnam, said WB CountryDirector Ousmane Dione. It uses a set of newanalyzing tools and methods to give policyoptions and investment strategies to support Vietnam's integration into globaland domestic markets, spatial inclusion, and resilience, he added.

The report outlines nine keyrecommendations across four priority areas regarding global market integration,domestic market connectivity, inclusive connectivity and climate resilienceimprovement./.
VNA
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