WB’s policy consultancy contributes to Vietnam’s socio-economic development: official
The World Bank (WB)’s policy consultancy has significantly contributed to socio-economic development and the fulfillment of development targets in Vietnam, Nguyen Xuan Thang, Politburo member, President of the Ho Chi Minh National Academy of Politics (HCMA) and Chairman of the Central Theory Council said on July 19.
Nguyen Xuan Thang (right), Politburo member, President of the Ho Chi Minh National Academy of Politics (HCMA) and Chairman of the Central Theory Council, and WB Managing Director of Operations Axel van Trotsenburg. (Photo: VNA)
Hanoi (VNA) – The World Bank (WB)’s policy consultancy has significantly contributed to socio-economic development and the fulfillment of development targets in Vietnam, Nguyen Xuan Thang, Politburo member, President of the Ho Chi Minh National Academy of Politics (HCMA) and Chairman of the Central Theory Council said on July 19.
At a working session with WB Managing Director of Operations Axel van Trotsenburg in Hanoi, Thang affirmed that Vietnam always regards the bank a good friend and an important development partner.
He thanked the bank for its provision of resources that also cover scientific research studies, and its macro-policy consultancy for the Vietnamese government during the implementation of the resolution adopted at the 13th National Party Congress.
Thang spoke highly of the WB’s support to Vietnam in building the Vietnam 2035 report, and suggested the bank consider cooperation with local strategic research units, including the HCMA, in outlining the Vietnam 2045 report.
The official also called for further assistance from the bank in strategic infrastructure development, sustainable development, green growth, gas emissions and climate change response.
Van Trotsenburg, for his part, said he was impressed by solutions adopted by the Vietnamese government to fulfill its targets as well as their outcomes, notably macro management and the harmonious combination of different tools like fiscal and monetary policies.
Vietnam has seen high growth, he said, asking Vietnam to share its development experience with other countries and make more contributions to handling global issues.
He said the HCMA and the WB have many cooperation opportunities in personnel training, and the bank stands ready to share its experience and knowledge in such spheres as finance, health care, pandemic containment, climate change adaptation, green growth and digitalisation.
🤪 Regarding the Vietnam 2045 report, van Trotsenburg highlighted the important role of experts from the academy in the compilation of the report towards turning Vietnam into a developed, high-income nation by that time./.
The World Bank said without proper adaptation and mitigation measures, it is estimated that climate change will cost Vietnam about 12-14.5% of GDP a year by 2050 and could plunge up to one million people into extreme poverty by 2030.
Prime Minister Pham Minh Chinh hosted a reception in Hanoi on July 18 afternoon for World Bank (WB) Managing Director of Operations Axel van Trotsenburg, during which he affirmed Vietnam always considers WB a good friend and an important development partner.
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.
The launch of Thanh Nien (Young People) newspaper in 1925, even before the founding of the Communist Party of Vietnam, is considered a testament to President Ho Chi Minh’s strategic foresight and strong belief in the guiding power of the revolutionary media.
Nguyen Xuan Thang (right), Politburo member, President of the Ho Chi Minh National Academy of Politics (HCMA) and Chairman of the Central Theory Council, and WB Managing Director of Operations Axel van Trotsenburg. (Photo: VNA) 
