Updated  
January, 24 2014 08:33:00

PM outlines revival plan for economy

Prime Minister Nguyen Tan Dung meets World Bank Country Director Victoria Kwakwa in Ha Noi.— VNA/VNS Photo Duc Tam

HA NOI (VNS)— Viet Nam will take some "drastic" medium and long-term measures to create a foundation for sustainable development, Prime Minister Nguyen Tan Dung said yesterday.

He told World Bank Country Director Victoria Kwakwa that Viet Nam will this year continue efforts to stabilise the macro-economy, curb inflation, boost economic restructuring, achieve a higher economic growth rate and ensure social security.

He hoped Viet Nam's co-operation with the World Bank would further develop and be more effective in 2014.

He praised the bank's effective co-operation with and assistance to Viet Nam in the recent past, and said that even as it builds its internal strengths, the nation hopes to receive greater support from the international community as well as the WB.

For her part, Victoria Kwakwa congratulated Viet Nam on its achievements in 2013, saying they had helped improve the country's position and role in the global arena.

She also suggested Viet Nam take more radical measures to stabilise the macro economy, remove difficulties for production and trading activities, maintain a reasonable economic growth rate and ensure social welfare.

The World Bank would stand side by side with Viet Nam in implementing its development goals, she pledged.

The bank's Board of Executive Directors yesterday approved a credit of US$60 million to help strengthen Viet Nam's social welfare system through management innovations and improved service delivery. The innovations will be piloted in four provinces in Viet Nam's north, central and south.

The Social Assistance System Strengthening Project (SASSP) will focus its investment in poor children towards breaking the intergenerational transmission of poverty. —VNS

Send Us Your Comments:
Name:
Your E-mail address:
Title:
 

VietNamNews may edit your comments and not all emails will be published.

Highlight

VN committed to realising TPP VN committed to realising TPP

Deputy Prime Minister Vu Van Ninh reiterated Viet Nam's commitment to negotiating and realising the terms of the Trans-Pacific Partnership (TPP) for the benefit of all TPP members while meeting US Under Secretary of Commerce for International Trade Stefan M. Selig yesterday in Ha Noi.

VN Railway Authority head found dead VN Railway Authority head found dead

Director of Viet Nam Railway Authority Nguyen Huu Thang was found dead in his office yesterday in Ha Noi.

Student looks to improve traffic 2    Student looks to improve traffic

South Korean high school student Chihyun Ryu has spent her time in Ha Noi over the last three and a half years walking around Hoan Kiem Lake, and riding on the back of her father's motorbike taking videos of the chaotic traffic.

Talented ‘stage magician' tells story in memoir Talented ‘stage magician' tells story in memoir

Artist Thanh Loc will begin his five-city tour tomorrow in HCM City to launch his newly published memoirs.

Viet Nam sit at 137th in world football rankings Viet Nam sit at 137th in world football rankings

Viet Nam jumped up four steps in international football rankings, according to FIFA's latest list.