Prime Minister Nguyen Xuan Phuc received Philippe Le Houerou, CEO of the International Finance Corporation (IFC) – a member of the World Bank (WB) Group, in Hanoi on August 15.
Prime Minister Nguyen Xuan Phuc (R) shakes hands with Philippe Le Houerou, CEO of the International Finance Corporation (Photo: VNA)
Hanoi (VNA) – Prime Minister Nguyen Xuan Phucreceived Philippe Le Houerou, CEO of the International Finance Corporation(IFC) – a member of the World Bank (WB) Group, in Hanoi on August 15.
At the reception, PM Phuc praised the cooperation betweenVietnam and the IFC in terms of financial funding and advice on macroeconomicand financial policies.
He briefed his guest on the country’s current economicaffairs with stable growth, good macroeconomic indexes, and increasing foreigninvestment, adding that collaboration and support from the IFC and WB havecontributes to such achievements.
For his part, Houerou said Vietnam is a suitable partner forthe IFC to expand its cooperation with, highlighting an increase in IFCactivities in Vietnam recently as well as the significant potential for bilateralcollaboration in infrastructure.
The IFC can help Vietnam switch to clean energy, build powerlines, and boost the use of liquefied gas, the CEO said, adding that thecorporation wants to continue supporting the development of Vietnam’s small-and medium-sized enterprises. He hoped for assistance from the Vietnamese Governmentand the PM during such process.
Agreeing with Houerou, Phuc stressed the potential of theprivate sector in Vietnam. He said the sector can enjoy even strongerdevelopment with proactive support from the WB and IFC.
Pointing to the risk of energy shortage, particularlyelectricity, in the country, the Government leader asked the IFC to assistVietnam in developing renewable energy and upgrading overloaded power lines inkey areas.
He also called for help from the IFC for Vietnam inenvironmental development, energy, clean water, finance, and poverty alleviation.
The PM also took the occasion to invite the IFC manager toattend activities hosted by Vietnam as the Chair of ASEAN next year.
Concurring with his host, Le Houerou said that the IFC isstrengthening its financial and securities consultation for Vietnam and thecorporation is committed to working closely with Vietnamese ministries andsectors to tap the country’s growth potential.
IFC is the largest global development institution focused onthe private sector in developing countries. It has operated in Vietnam since1992.-VNA
The International Finance Corporation (IFC) – a sister organisation of the World Bank and member of the World Bank Group - and the Orient Commercial Bank (OCB) on March 27 signed a cooperation deal on a 100 million USD credit package and a consultancy programme to promote supply chain financing.
Standing Vice Chairman of the People’s Committee of Ho Chi Minh City Le Thanh Liem held a working session with Kyle Kelhofer, country manager for Vietnam, Laos and Cambodia of the International Finance Corporation (IFC), on April 5.
As many as 59 investors have agreed to run their operations in line with the Principles for Impact Management, according to the International Finance Corporation (IFC) - a member of the World Bank Group.
Ho Chi Minh City hopes that the International Finance Corporation (IFC) will continue to help the city deal with challenges in urban transport, infrastructure construction and waste treatment, thus ensuring sustainable development, a local official said on August 12.
Nguyen Van Binh, Politburo member and head of the Party Central Committee’s Economic Commission, received CEO of the International Finance Corporation (IFC) Philippe Le Houérou, who is also Vice President of the World Bank, in Hanoi on August 15.
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.
Prime Minister Nguyen Xuan Phuc (R) shakes hands with Philippe Le Houerou, CEO of the International Finance Corporation (Photo: VNA) 
