Vietnam, WB address bottlenecks in project implementation
Deputy Prime Minister Tran Luu Quang lauded the World Bank (WB) for its continued support in mobilising funding for development projects in Vietnam at a reception in Hanoi on March 13 for WB Country Director Carolyn Turk.
Deputy Prime Minister Tran Luu Quang (R) and WB Country Director Carolyn Turk at their meeting in Hanoi on March 13. (Photo: VNA)
Hanoi (VNA) – Deputy Prime Minister Tran Luu Quanglauded the World Bank (WB) for its continued support in mobilising funding for developmentprojects in Vietnam at a reception in Hanoi on March 13 for WBCountry Director Carolyn Turk.
Quang suggested that both sides continue workingclosely together to overcome difficulties in the implementation and completionof projects using WB’s loans.
Since1993, the WB has allocated about 25 billion USD in concessional loans toVietnam, along with technical assistance and policy consultation, contributingsignificantly to national socioeconomic development.
Bothsides reviewed the current state of the WB’s projects in Vietnam, especially sincethe establishment of a task force in charge of stepping up their progress ledby Deputy Minister of Planning and Investment Tran Quoc Phuong.
Accordingto the Ministry of Planning and Investment, major barriers hindering projectapproval stem from differences in compensation policies, land clearance and complaintsettlement mechanism between Vietnam and the WB.
To address theseobstacles, the Vietnamese side proposed negotiating and signing a frameworkagreement to harmonise procedures between Vietnam and the WB, with a specific focuson compensation, land clearance and complaint settlement mechanisms.
Turk,for her part, expressed the WB’s willingness to engage in further discussionswith Vietnam regarding this proposal.
𒈔 The WB highlyvalues its relationship with Vietnam and considers Vietnam a criticallyimportant partner, she said./.
The World Bank (WB) has always been a very important and reliable partner of Vietnam, affirmed National Assembly (NA) Chairman Vuong Dinh Hue while hosting WB Managing Director of Operations Axel van Trotsenburg in Hanoi on July 19.
Vietnam’s economic growth is projected to ease to 6.3 percent in 2023 from a robust 8 percent last year, as services growth moderates and higher prices and interest rates weigh on households and investors, according to the World Bank's report released on March 13.
Andrea Coppola, World Bank Lead Economist for Vietnam speaks to Vietnam News Agency about his recommendations for the country to speed up economic recovery and development in the time to come.
Minister of Natural Resources and Environment Dang Quoc Khanh has hailed the World Bank (WB)’s effective cooperation with Vietnam, especially in climate change response, green growth and environmental protection.
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.
Deputy Prime Minister Tran Luu Quang (R) and WB Country Director Carolyn Turk at their meeting in Hanoi on March 13. (Photo: VNA) 
