World Bank a highly important development partner of Vietnam: PM

Prime Minister Pham Minh Chinh received World Bank (WB) Regional Vice President for East Asia and Pacific Manuela V. Ferro in Hanoi on March 21, affirming that the Vietnamese Government always views the WB as a good friend and a highly important development partner.
World Bank a highly important development partner of Vietnam: PM ảnh 1Prime Minister Pham Minh Chinh (R) meets with WB Regional Vice President for East Asia and Pacific Manuela V. Ferro in Hanoi on March 21. (Photo: VNA)
Hanoi (VNA) – Prime MinisterPham Minh Chinh received World Bank (WB) Regional Vice President for East Asiaand Pacific Manuela V. Ferro in Hanoi on March 21, affirming that theVietnamese Government always views the WB as a good friend and a highlyimportant development partner.

Appreciating the WB’s activecontributions to the country’s socio-economic development, the host leader saidthe Vietnamese Government welcomes the WB’s initiatives and support forcountries in the COVID-19 fight, particularly the provision of 6.2 million USDin non-refundable aid for Vietnam in 2020.

In the face of numerous changes withnew trends in the world and the region, especially in the post-pandemic period,PM Chinh called on the WB to help the country continue accessing non-refundableaid packages, “soften” loans, and increase giving advice and sharinginternational experience, thus helping Vietnam align policies with the situationin a timely manner and make use of new and sustainable growth drivers.

He also asked the bank to work closelywith the country to build the Vietnam 2045 Report that matches the country’sgoals and orientations for 2030 and vision to 2045.

The Government leader suggested thatin the coming time, bilateral cooperation be prioritised for major,inter-regional, and development-facilitating projects such as those on transportand healthcare infrastructure, education, climate change adaptation, greenhousegas emission reduction, digital economy and digital transformation, innovation,macro-economic stabilisation, and competitiveness improvement.

Vietnam will continue consulting the WB and the group of six development banks regarding measures forperfecting mechanisms and policies related to official development assistance (ODA),and quickly address obstacles so as to ensure ODA-funded projects are carriedout effectively and on schedule, according to him.

The PM highly valued and asked the WBto continue giving assistance to Vietnam in terms of capital, technology,institution, manpower, and governance for climate change response and realisationof the commitments made at COP26, with equality and justice for developingcountries guaranteed.
He expressed his hope that the WBOffice in Vietnam will play a greater role to become the coordinating centrefor the Mekong region so as to better support strategic connectivity projectsin this region.

For her part, Ferro applauded thecountry’s recent development attainments, especially in combating COVID-19,ensuring macro-economic stability, sustaining growth, recovering and developingthe economy, and making proactive and timely moves to align policies with thesituation.

She also spoke highly of Vietnam’sconsiderable potential and advantages, strong determination in socio-economicdevelopment, and impressive commitments on climate change response.

The WB will continue accompanying theVietnamese Government on the coming development path and is ready to activelyassist with the building of the Vietnam 2045 Report to help the country achievethe set targets, the WB official said, adding that enhancedassistance for Vietnam will also help promote common development of othercountries in the region./.
VNA

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