Deputy PM Trinh Dinh Dung has asked the WB to continue offering preferential loans to Vietnam so that the Government and private sector of Vietnam can continue working towards a be
Deputy Prime Minister Trinh Dinh Dung (R) and World Bank Vice President for East Asia and the Pacific (Photo: VNA)
Hanoi (VNA) 𝄹– Deputy Prime Minister Trinh Dinh Dung has asked the World Bank to continue offering preferential loans to Vietnam so that the Government and private sector of Vietnam can continue working towards a better infrastructure system.
During a meeting with Victoria Kwakwa, World Bank Vice President for East Asia and the Pacific on July 25 in Hanoi , the Deputy PM said that Vietnam is also focusing on improving transport infrastructure, especially highways and roads leading to border gates.
Hailing the WB Vice President’s contributions to the development of Vietnam during her offical tenure as WB Country Director in Vietnam, the Deputy PM said Vietnam is in need of investment for the synchronic development of infrastructure systems for socio-economic development, so the country hopes the WB will extend Vietnam’s access to preferential lending in the form of Official Development Assistance (ODA) and loans of the International Development Association (IDA).
He valued the WB’s financial assistance to Vietnam in infrastructure building, transport, energy, urban upgrade, waste water treatment, climate change response and other social fields, which he described as important resources for the socio-economic development of Vietnam that help the country attract more domestic and foreign investment.
Vietnam pays much attention to the effectiveness of loans from the international community and the WB in particular, he said, adding that Vietnam is tightening the supervision and management on the capital.
For her part, Victoria Kwakwa said the priorities that Vietnam has set for the next five years, including macro-economic development, climate change response, transport and energy, will be the foundation for the country’s socio-economic development.
She recommended that the Government of Vietnam pay more attention to attracting investment and mobilising capital resources amidst high public debts. The country should also use assistance effectively, while strengthening the monitoring of the State budget, and calling for more investment from the private sector, she suggested.-VNA
Vietnam hopes the World Bank (WB) will continue to support the country to cope with challenges, especially climate change adaptation, renewable energy development, education, and healthcare.
IFC, a member of the World Bank Group, and the Singapore-based Armstrong S.E. Clean Energy Fund have announced investments in the Gia Lai Electricity Joint Stock Company (GEC).
The World Bank (WB) has approved a 150 million USD credit for the Vietnam Improved Land Governance and Database Project, which aims to enhance the efficiency and transparency of land administration.
Vietnam and the World Bank signed an agreement on July 11 to provide Vietnam with 560 million USD in loans to implement climate change response projects in Mekong Delta localities.
Knapper reaffirmed the US's commitment to supporting a strong, independent, prosperous and resilient Vietnam, while respecting each other’s territorial integrity, sovereignty, independence and political systems.
Vietnam is deeply concerned about the escalating and complex conflict in the Middle East, which poses a serious threat to the lives and safety of civilians, as well as to regional and global peace and stability.
The Vietnamese Embassy advises the Vietnamese community living, studying, and working in Israel to strictly comply with directions from the Home Front Command and local authorities.
Lawmakers are set to vote on revisions and amendments to a broad spectrum of legal frameworks and impactful resolutions during the final week of the 15th NA's 9th session.
The State Committee for Overseas Vietnamese Affairs (SCOVA) has served as a bridge connecting and uniting the community with the homeland, becoming a trusted source of support for Vietnamese expats in times of hardship.
The programme to eliminate temporary and dilapidated houses has achieved notable results, with nearly 263,000 housing units addressed to date, including 225,000 houses inaugurated and 38,000 under construction. Thirty-eight provinces and cities across the nation have already fulfilled their targets.
Stronger efforts and determination are required to achieve and surpass the set targets, especially in the eradication of makeshift and dilapidated houses nationwide, the acceleration of public investment disbursement, and the implementation of nationally important transport projects, PM Pham Minh Chinh noted.
The trip will be made at the invitations of Chinese Premier Li Qiang and WEF President and CEO Børge Brende, according to an announcement from the Ministry of Foreign Affairs.
Long spoke highly of the dynamic, positive, and comprehensive development of Vietnam – Russia relations in recent years. He affirmed that the Vietnamese Party and State place great importance on further strengthening the comprehensive strategic partnership with Russia in a substantive and effective manner, in line with the development needs of both nations.
At the conference, participants reported that the Government has so far issued 28 decrees on the delegation of responsibilities and powers between the central Government and two-tier local administrations. Several localities have already piloted the new governance model.
Reality is the ultimate benchmark for success, he said, urging drafting agencies to work out policies that foster development, reduce bureaucratic hurdles, and respect practical conditions.
Under the official dispatch signed on June 20, ministers, heads of ministerial-level agencies, and chairpersons of provincial and municipal People’s Committees are requested to concentrate efforts on implementing core measures to ensure the smooth operations of the new administrative framework.
The Party chief underscored the need for the press to innovate relentlessly, evolve to keep pace with the country's development, transform into a truly professional, humanistic, and modern sector that serves the cause of the Party, the State, and the people on the path to national construction and development.
The UN Secretary-General praised Vietnam’s remarkable achievements in socio-economic development and international integration in recent years, noting that the country has emerged as a model in implementing the Sustainable Development Goals (SDGs), promoting international peace and security, and engaging in key UN processes.
Nghia affirmed that this is a milestone of special significance, affirming and honouring the the Vietnamese revolutionary press’s glorious tradition of 100 years of serving the revolutionary cause of the Party, serving the Fatherland, and serving the people.
The Party and State of Vietnam always attach great importance to and give top priority to the development of Vietnam–China relations. Vietnam is ready to work with the Chinese Party and State to further deepen the Comprehensive Strategic Cooperative Partnership and promote the building of the Vietnam-China community with a shared future that carries strategic significance.
Under the leadership of President Ho Chi Minh and the CPV, President Cuong said, the press has been a steadfast force on the ideological and cultural front, rallying the masses to pursue national aspirations.
Deputy Prime Minister Trinh Dinh Dung (R) and World Bank Vice President for East Asia and the Pacific (Photo: VNA)
