Hanoi (VNA) – The World Bank (WB) Vietnamlaunched on September 14 the Country Partnership Framework (CPF) for Vietnamfor the 2017-2022 period, which aims to support the realisation of the targetsset in the country’s socio-economic development plan for 2016-2021.

The framework is also meant to help Vietnamattain the balance between economic development and sustainable environment,promote equality, and improve state agencies’ capacity and accountability.

It will continue the WB Vietnam’s existingsupports in coordination with other development partners while mobilising otherresources to boost development.

The CPF prioritises the four areas of inclusivegrowth and private sector participation, investing in people and knowledge,environmental sustainability and resilience, and good governance. It will beimplemented with considerable engagement of local governments.

The CPF also puts forth some strategic shifts,including comprehensive engagement to strengthen private sector development andparticipation across sectors, support to achieve financial sustainability ofpublic services and transfers, support for ethnic minority poverty reductionthrough livelihood and income generation activities, multisectoral engagementsto strengthen linkages between education and the labour market, support topromote and stimulate low carbon energy generation.

𒀰[Vietnam, WB partner in urban, infrastructure development for 2017-2021]

At the launch workshop, WB Country Director forVietnam Ousmane Dione said the WB Group is honoured to remain at Vietnam’s sideas the country strengthens its position as a successful middle-income countryand lays out the foundation to advance to high-income status.

Vietnamese Minister of Planning and InvestmentNguyen Chi Dung said the country still persists in the target of rapid andsustainable growth associated with growth model reform and economicrestructuring towards higher quality and competitiveness, thereby creatingresources for realising social development and environmental conservationtargets towards sustainable development.

Valuing the close cooperation between the WB andrelevant agencies of Vietnam, he voiced his belief that the CPF for 2017-2022will help achieve Vietnam’s development targets and ambitions not only in thefive years but also in many decades to come.-VNA