Vietnamese Prime Minister Lê Minh Hưng meets with ADB President Masato Kanda. — VNA/VNS Photo

CEBU — Vietnamese Prime Minister Lê Minh Hưng on Thursday praised the Asian Development Bank (ADB)’s contributions to Việt Nam’s development over the years during a meeting with ADB President Masato Kanda on the sidelines of the 48th ASEAN Summit in Cebu, the Philippines.

He called on the ADB to work closely with the Vietnamese Government to further improve the effectiveness of bilateral cooperation, particularly by reviewing and addressing obstacles in project implementation, expanding flexible and preferential financial instruments, and enhancing technical assistance and policy advice in such areas as new development models, green transition, supply chains, climate change response and private-sector support.

The PM also urged the ADB to promote cooperation between the bank and ASEAN, as well as within the Greater Mekong Subregion (GMS), especially in energy and regional connectivity.

For his part, Kanda affirmed that the ADB remains a trusted partner of Việt Nam in its new development era, adding that the Country Partnership Strategy for 2027–2031 would closely align with Việt Nam’s socio-economic development strategies and plans.

He added that the ADB will continue improving its procedures and developing new financial instruments to better meet the resource needs of Việt Nam and other members. — VNA/VNS