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Viet Nam seeks further assistance from ADB

Update: February, 10/2012 - 10:01

HA NOI — Prime Minister Nguyen Tan Dung has affirmed that Viet Nam wishes to develop the relationship with the Asian Development Bank (ADB) in a range of areas in the future.

Speaking at a reception for ADB vice president Stephen P Groff in Ha Noi yesterday, PM Dung said the country highly valued the effective co-operation and assistance of the ADB on poverty reduction, human resources development, infrastructure and policy making.

He said the ADB projects in Viet Nam totalled more than US$10.8 billion and have shown positive results and contributed to the nation's socio-economic development.

Dung expressed desire for the ADB to enhance investment in the fields of infrastructure construction, health care, education and creating favourable conditions for investment and attracting capital to the country. He said he hoped the ADB would assist Viet Nam with the environment, especially the impact of climate change, financial reform and State-owned enterprises.

For his part, Mr Groff praised the achievements of Viet Nam, particularly in curbing inflation, stabilising the macro-economy and assuring social security.

Mr Groff said the ADB attached importance to co-operation with Viet Nam and affirmed to work closely with relevant agencies and sectors to implement agreements and co-operative programmes.

Yesterday, minister of finance Vuong Dinh Hue welcomed ADB Vice President Groff to the country.

Hue praised the ADB's credit assistance of $130 million for restructuring State-owned enterprises in Viet Nam, which was important for the Vietnamese economy, and the Song Da Corporation has been selected as a pilot enterprise to implement the reatructuring endeavour.

Mr Groff said Viet Nam had managed the ADB projects effectively last year, compared to previous years and that the effectiveness of these projects would accelerate the disbursement of ADB's capital for Viet Nam. — VNS

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