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Thursday, July 25, 2024

Vietnam, WB extend partnership for sustainable development

The Saigon Times

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HCMC – The Vietnamese Ministry of Finance and the World Bank (WB) reaffirmed their commitment to collaboration within the Vietnam-World Bank National Partnership framework during a bilateral meeting on November 13.

The meeting took place on the sidelines of the Asia-Pacific Economic Cooperation Finance Ministers’ Meeting, underscoring the importance of cooperative efforts for mutual benefit and aiming to contribute to Vietnam’s sustainable development.

The Ministry of Finance expressed its desire for continued support from the World Bank, particularly for large-scale projects in strategic sectors. These sectors encompass transportation infrastructure, renewable energy, smart agriculture, greenhouse gas reduction, and climate change adaptation in the Mekong Delta region.

The World Bank reiterated its dedication to working together within the Vietnam-World Bank National Partnership framework to drive sustainable and comprehensive development in Vietnam.

During an earlier meeting on October 27, Prime Minister Pham Minh Chinh discussed specific issues and streamlined administrative procedures with Carolyn Turk, the World Bank’s country director in Vietnam, to facilitate the implementation of major projects.

Key projects emphasized by Prime Minister Chinh included the North-South Expressway, the HCMC-Can Tho rail line project, and Hanoi’s Hoa Lac high-tech park. Other priorities include renewable energy, smart agriculture, low carbon emissions, digital transformation, and climate change resilience in the Mekong Delta.

Turk reaffirmed the WB’s commitment to supporting Vietnam in its economic and social development endeavors.

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