President Tran Dai Quang has proposed that the Asian Development Bank (ADB) continue to provide soft loans to Vietnam to realise its socio-development goals.
President Tran Dai Quang (L) meets Asian Development Bank (Photo: VNA)
Hanoi (VNA) – President Tran Dai Quang has proposed that the Asian Development Bank (ADB) continue ꧟to provide soft loans to Vietnam to realise🐼 its socio-development goals.
During a meeting with the bank’s President Takehiko Nakao in Hanoi on June 17, the Vietnamese leader asserted that Vietnam will effectively manage and distribute the capital.
Noting that over the past years, Vietnamese leaders have always paid a lot of attention to the distribution of ADB’s loans, he pledged that the country will work hard to maximise the efficiency of the capital.
Vietnam is currently facing a number of challenges generated by climate change, he said, adding that many regions in the country are suffering drought, salinity intrusion and environmental pollution, which pose negative impacts to the whole country’s growth and need to be urgently tackled.
The country also has a high demand for capital for its sustainable and rapid socio-development targets, with priority on economic restructuring, infrastructure improvement and human resources training, said President Tran Dai Quang.
He also thanked the bank for its assistance and cooperation over the past years, stating that Vietnam treasures its relations with ADB and considers the bank the leading sponsor of both capital and technical and policy consultation.
ADB President Takehiko Nakao affirmed that the bank is keen on affiliating with Vietnam , which has recorded numerous development achievements.
ADB will actively support Vietnam in financial restructuring, small and medium-sized enterprise development and FDI attraction, he vowed.
He also briefed his host on the outcomes of his working session with Vietnam’s ministries and sectors, which focused on areas in need of ADB’s capital, including infrastructure improvement, power transmission, alternative energy, water supply, agriculture, climate change response, and education and training.
As Vietnam has designed its new socio-economic development plan for the 2016-2021 period, the lender hopes to talk with the country’s management bodies on measures where it can cooperate and support Vietnam in the next five years, in the most effective manner.-VNA
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Minister of Industry and Trade Nguyen Hong Dien welcomed the proposals put forward by the US side and reiterated Vietnam’s request for consideration of key areas of interest, including reciprocal tariff policies and access for Vietnamese key export products to the US market.
Deputy PM Le Thanh Long proposed countries promote shared values, including building trust, sincerity, and solidarity among nations and peoples; fostering cooperation spirit and responsible behaviour as well as upholding international law and the UN Charter; and placing people at the centre and as the goal, the key player, and the driving force of all policies.
The show, together with a grand parade to be held silmutaneously at Ba Dinh Square in Hanoi, will celebrate the 80th anniversary of the August Revolution, the National Day, and the General Staff of the Vietnam People’s Army (VPA).
In particular, in April 2023, the two sides successfully carried out a joint operation that dismantled a major organised, transnational drug trafficking ring involving both Vietnamese and Cambodian suspects.
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Lao Minister of Foreign Affairs Thongsavanh Phomvihane affirmed that the presence of Vietnamese press offices in Laos vividly demonstrates the great friendship, special solidarity, and comprehensive cooperation between the two nations, as the press is not only a means of communication but also an important bridge for spreading consciousness about the history, values, and strategic depth of the Laos – Vietnam relationship to the people of both countries and the international community.
The country is willing to participate in collective efforts to promote cooperation and mobilise resources to advance the current priority issues of developing countries, such as trade, investment, infrastructure connectivity, making the most of scientific and technological advances for development, and people-to-people exchanges, Hang said.
During the negotiations, the US highly evaluated Vietnam’s goodwill and efforts, affirmed its appreciation for the bilateral relationship, acknowledged Vietnam’s proposals and concerns, and considered these an important basis for continuing discussions and moving towards a final agreement.
The Chairman stressed the need for stricter fiscal discipline, faster digital transformation, and more efficient management of State budget revenues and expenditures.
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The Party chief attributed the achievements in the first half to the continuous, direct, and comprehensive leadership of the Politburo and the Secretariat of the Party Central Committee, and the close and effective coordination of relevant ministries, sectors and localities.
General Nguyen Tan Cuong, Chief of the VPA’s General Staff and Deputy Minister of National Defence reaffirmed Vietnam’s unwavering gratitude for Cuba’s invaluable support during its struggle for independence and nation-building efforts, and pledged to stand shoulder-to-shoulder with Cuba as it navigates current challenges.
President Tran Dai Quang (L) meets Asian Development Bank (Photo: VNA)
