As Vietnam is in need of resources for its production recovery, the country hopes for more support from the Asian Development Bank (ADB) to develop major fields such as infrastructure and smart agriculture, Prime Minister Nguyen Xuan Phuc said on June 22.
Prime Minister Nguyen Xuan Phuc (R) receives ADB Country Director for Vietnam Eric Sidgwick (Photo: VNA)
Hanoi (VNA) – ಞAs Vietnam is in need of resourcesfor its production recovery, the country hopes for more support from the AsianDevelopment Bank (ADB) to develop major fields such as infrastructure and smartagriculture, Prime Minister Nguyen Xuan Phuc said on June 22.
He made the request while hosting a reception for ADBCountry Director for Vietnam Eric Sidgwick in Hanoi. PM Phuc said that Sidgwick’s tenure in Vietnam in the pastfive years has been a success, as evaluations and policy consultations of theADB and the official are of great importance to the country’s economic development. The Vietnamese Government views the ADB as one of its leadingbenefactors in regards to financial and technical assistance and counseling, hesaid, voicing his gratitude to the ADB’s technical support in the building ofthe e-Cabinet system. The Government is in favour of ADB Strategy 2030, in thehope of realising the United Nations’ Sustainable Development Goals andcontinuing to help country members tackle problems of hunger and poverty, development gap and climate change, among others. He also thanked the ADB for its counseling for theGovernment to respond to COVID-19 in recent times, adding the Vietnamese Government has exerted efforts to completelegal frameworks on public investment and public debt management for the sakeof efficient and transparent use of foreign loans. For his part, Sidgwick said that during his tenure, he wasable to witness the sound cooperation between the ADB and Vietnam as well as thecountry’s development, noting Vietnam has effectively used resources distributed bythe bank. That Vietnam has successfully brought the COVID-19 pandemicunder control is considered a remarkable achievement of the VietnameseGovernment and people, he said, adding the ADB hopes to share Vietnam’ssuccess in battling the pandemic and economic recovery among its members. ADB forecasts that Vietnam could obtain GDP growth of between4-4.1 percent, and even higher in this year. The bank will devise a new country partnership strategy early next year and consider specific strategies and assistance to Vietnam, Sidgwicksaid./.
Vietnam’s economic growth rate is expected to slow sharply to 4.8 percent this year due to the impact of the COVID-19 pandemic, said a new Asian Development Bank (ADB) report released on April 3.
Ho Chi Minh City appreciates contributions of the Asian Development Bank (ADB) to its socio-economic development, and always considers the bank an important development partner, a municipal leader has said.
Regardless of the Covid-19 pandemic, Vietnam is forecast to be one of the fastest-growing economies in Southeast Asia, according to international organisations.
The Asian Development Bank (ADB) recently forecast that Vietnam’s economic growth this year would be 4.1 percent, 0.7 percentage points lower than its April estimate but still the highest expected in Southeast Asia.
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.
NA Chairman Tran Thanh Man stressed the need to accelerate the application of artificial intelligence and smart teaching equipment, innovate teaching and assessment methods, and further improve the quality of formal education.
He also pledged that the NA will promote its ongoing supervision, making sure that every promise must lead to results, and every commitment must bring about real changes.
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.
The Vietnamese Embassy in Israel is closely coordinating with relevant local agencies to stay informed and provide the utmost support possible for Vietnamese nationals.
Prime Minister Nguyen Xuan Phuc (R) receives ADB Country Director for Vietnam Eric Sidgwick (Photo: VNA) 
