PM Chinh expressed his appreciation for the WB’s contributions to Vietnam's socio-economic development since 1993, with total funding of up to 24 billion USD, especially in poverty reduction.

Highlighting Vietnam's commitment to a deeper partnership, he requested the WB’s continued support for programmes and policies promoting sustainable growth, green, digital, circular, sharing and knowledge-based economies.

Ferro, for her part, noted that the WB has shown trust by establishing its regional office for Vietnam, Laos, and Cambodia in Hanoi. She affirmed that the lender is eager and ready to work closely with Vietnam to ensure that the regional office operates efficiently, benefiting all the three countries.

She underlined ongoing collaboration with Vietnamese ministries and agencies to review existing projects and develop a new phase of the Vietnam-WB Country Partnership Framework.

Expressing readiness to welcome the WB President to Vietnam, the Vietnamese leader hailed the proposed 11 billion USD in WB lending for Vietnam over the next five years, focusing on large-scale infrastructure, energy and agriculture.

He encouraged the WB to consider flexible capital management models and adjust its approach to provide preferential loans for critical infrastructure projects. These projects, he emphasised, should have a broad impact, connect regions, create development space and effectively address climate change concerns. Specifically, he mentioned the North-South high-speed railway, the Ho Chi Minh City-Can Tho railway, the Hanoi metro line, and the development of 1 million ha of quality rice in the Mekong Delta.

According to him, Vietnam has made changes in governance, investment structure, procedure reform, and a people-centric approach. This will ensure a harmonious balance of interests among the people, the State, and businesses.

The host hoped that the WB would continue assisting Vietnam in accessing the global carbon credit market, creating new avenues to finance Vietnam's climate commitments and goals.

The WB Vice President pledged the WB's continued partnership with Vietnam to achieve its development goals for 2030 and 2050 through concrete actions and projects. The WB, she assured, would collaborate with Vietnam to discuss and adopt solutions to expedite and enhance the efficiency of their joint work, as expected by the PM.

Prime Minister works with Japan Business Federation

Vietnam always treasures ties with Japan and activities of its investors in the country, Prime Minister Pham Minh Chinh told a delegation from the Japan Business Federation (KEIDANREN) led by Masayoshi Fujimoto and Masayuki Hyodo, Co-chairmen of KEIDANREN’s Japan - Vietnam Economic Committee at a working session in Hanoi on March 28.

Deputy PM welcomes Chinese business delegation

Deputy Prime Minister Tran Luu Quang received a delegation from Dongfang business association led by Pang Gangzhi, Chairman of Anzhi Group, in Hanoi on March 27.

Promoting motivation to reform business environment

In 2024, the Government restored the Programme on improving the business environment by issuing Resolution 02/NQ-CP on reforming the business environment and enhancing national competitiveness. The return of the Resolution after a year of hiatus carries the message that boosting the business environment is a priority task, demonstrating the Government’s attention and companionship with the business community.

PM meets Vietnamese scientists, NZ business circle in New Zealand

Prime Minister Pham Minh Chinh had a working session with the group of Vietnamese professionals working in New Zealand (VietTech NZ) in Auckland on March 10 as part of his official visit to NZ.

Bac Giang improves business climate

The northern province of Bac Giang will continue improving its business environment and strive to secure its position in the top five most competitive cities and provinces in the nation, according to the Director of the Provincial Department of Planning and Investment Bui Thi Thu Thuy.

Source: VNA