Making the remarks at his July 28 meeting with Minister of Planning and Investment Nguyen Chi Dung in Hanoi, he told his host that the bank’s CPS in Vietnam for 2023-2026 aims to promote comprehensive, green development and the growth of the private sector to help the Southeast Asian nation become an upper middle-income country by 2030 and a developed, high-income country by 2045.

Apartment blocks in the eastern part of Ho Chi Minh City.

The new ADB country director stated that during his tenure, he will continue to prioritise support activities for Vietnam.

Vietnam is currently the most dynamic growing country in the region, and the ADB is eager to assist the nation in effectively addressing current challenges and achieving set goals, said Chakraborty.

In response, Dung expressed his wish for the maintaining and fostering of the fruitful cooperation between the bank and Vietnam and spoke highly of ADB's support priorities with the CPS framework, which align with Vietnam's development orientations, especially concerning infrastructure development, human resources training, institution improvement, and climate change response.

He proposed that the ADB continue to support Vietnam in accessing concessional funding and accelerate the progress of its project implementation ensuring compliance with Vietnamese laws. Additionally, he said he hopes that the bank will support Vietnam in accessing more non-refundable grants.

On this occasion, Dung also proposed that the ADB continue to consider and support Vietnam in accessing green financial sources to achieve its ambitious goals in the transition to a fair energy system and achieve net-zero carbon emissions by 2050, as well as in establishing an international financial centre in Ho Chi Minh City.

German newspapers praise Vietnam's development potential, investment opportunities

The German newspaper Focus has published an article about the development of Asia, in which it highly evaluated Vietnam's potential.

NA Chairman hails labourers’ contributions to national development

National Assembly (NA) Chairman Vuong Dinh Hue hailed efforts and resolve by labourers as well as their willingness to join hands with the Government and the State in national construction and development while addressing a labourers’ forum in Hanoi on July 28.

Social development targets set in National Master Plan

Under the National Master Plan for the 2021-2030 period with a vision to 2050, Vietnam is set to become a developing nation with modern industry, high average incomes, and economic growth by 2030, based on science and technology, innovation, and digital transformation.

Press and social networks in cultural development

In recent years, press and media agencies across the country have promoted the dissemination of literary and artistic works in many forms, with in-depth cultural and artistic issues. However, besides the positive side, the press still has some limitations such as a lack of in-depth press publications propagandising literature and arts and due attention to the requirements of human construction and cultural development.

Vietnam to borrow $2.53B from foreign partners for Mekong Delta development

The government has approved a plan to borrow $2.53 billion from six foreign partners to develop 16 infrastructure projects in the Mekong Delta.

Source: VNA