Tuesday, October 22 2019

VietNamNews

World Bank pledges to support Việt Nam in infrastructure development

Update: February, 22/2019 - 09:00
Prime Minister Nguyễn Xuân Phúc (right) hosts World Bank Vice President for Infrastructure Makhtar Diop in Hà Nội on Thursday. — VNA/VNS Photo
Viet Nam News

HÀ NỘI — The World Bank (WB) is willing to work with Việt Nam in infrastructure development and wants to share Việt Nam’s experience with other countries in this sphere, said WB Vice President for Infrastructure Makhtar Diop.

During a meeting with Prime Minister Nguyễn Xuân Phúc on Thursday in Hà Nội, the bank official congratulated Việt Nam on its impressive achievements in economic growth and social welfare.

Many countries could learn from Việt Nam’s experience in successfully transferring from a low-income to middle-income nation, while ensuring macro-economic and social stability, he said.

He hoped Việt Nam would continue playing an important role in developing the region and sub-region.

Diop appreciated Việt Nam’s power energy development, saying the WB is ready to assist the country in building the North-South Expressway and waterway, as well as developing energy and a power network, especially solar power systems.

PM Phúc thanked the WB for its support for Việt Nam’s development in recent years, particularly in poverty reduction, infrastructure and energy development, mining, financial infrastructure and digitalisation, while saying Việt Nam is committed to fulfilling its agreements with the WB.

Việt Nam holds great investment demand for development, he said, asking for the WB’s assistance to develop the key fields of clean energy, infrastructure and to improve institutions under the public-private partnership investment format.

The Vietnamese leader said he hopes WB will work closer with his country, providing it with technical assistance and non-refundable aid during its development.

On the same day, at the meeting with Diop, head of the Party Central Committee’s Economic Commission Nguyễn Văn Bình suggested the WB continue providing Việt Nam with capital and technical support to help the country maintain its achievements in socio-economic development and poverty reduction. — VNS

 

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