Sunday, September 25 2016

VietNamNews

Viet Nam seeks more WB funds

Update: June, 08/2016 - 09:00
National Assembly Chairwoman Nguyễn Thị Kim Ngân receives the World Bank (WB)’s Vice President for East Asia and the Pacific, Victoria Kwakwa yesterday. — VNA/VNS Photo

HÀ NỘI — National Assembly Chairwoman Nguyễn Thị Kim Ngân has asked for the World Bank’s support in policy consultations and called for further funding to help stabilise Việt Nam’s economy.

The NA leader made the call yesterday at a Hà Nội reception for the World Bank (WB)’s Vice President for East Asia and the Pacific, Victoria Kwakwa, who was previously the WB’s Country Director for Việt Nam.

The WB has backed Việt Nam in building a roadmap to phase out preferential loans from the International Development Association (IDA) in order to protect and improve the country’s achievements, Ngân noted, adding that the National Assembly as the highest organ of state power is monitoring the efficient use of loans, especially IDA funding.

She hailed the Việt Nam 2035 Report – a joint undertaking by experts from Việt Nam and the WB Việt Nam, saying it puts forth long-term orientations to help Việt Nam become an industrialised nation and promote comprehensive reforms of the country’s market economy.

The Vietnamese official congratulated her guest on her new position as the WB’s Vice President for East Asia and the Pacific and voiced confidence in  her continued assistance for national strategic development programmes in regional countries, including Việt Nam.

Ngân also shared with her guest Việt Nam’s socio-economic development strategy for 2016-20, highlighting the priority being given to stabilising the macro-economy, strengthening the implementation of strategic breakthroughs and restructuring the economy together with renewing the growth model.

Việt Nam still faces a host of difficulties in international integration and economic development, especially in dealing with the critical impacts of climate change and rising sea levels, according to Ngân.

Kwakwa praised the efficient cooperation between the World Bank and Việt Nam in the past years and hoped that the National Assembly leader would help promote the relations.— VNS 

 

 

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