He thanked the bank for supporting resources, providing macro-policy advice, making positive contributions to Vietnam's socio-economic development as well as the realisation of the Millennium Development Goals, and e-Government building.

Prime Minister Pham Minh Chinh and World Bank Managing Director of Operations Axel van Trotsenburg.

The Government leader also thanked the WB for supporting Vietnam to postpone the quick repayment of International Development Association (IDA) loans for one more year from July 2020 to July 2021 (worth nearly 400 million USD) to help the Government have more resources, and accompanying the country in difficult times of Covid-19 prevention, recovery and socio-economic development.

He mentioned to the recent conference on planning and investment promotion in the Mekong Delta, during which six development banks pledged to finance about 2.2 billion USD for the region, of which 450 million USD is expected to come from the WB.

For its part, Vietnam has committed to contributing nearly 16 million USD during 2021-2023 in the bank’s largest capital increase in history as it is mobilising 13 billion USD to supplement its operation capital, thus demonstrating the country’s great responsibility, obligation and effort in the context of a lot of difficulties and challenges.

He appreciated the WB’s assistance for Vietnam to complete the building of Vietnam Report 2035, and asked the bank to help build Vietnam Report 2045 and continue supporting the country in developing strategic infrastructure, promoting sustainable development and green growth, reducing gas emissions and responding to climate change.

Regarding Vietnam’s commitments at the 26th United Nations Climate Change Conference (COP26), Chinh affirmed that Vietnam is responsibly and actively joining hands with the international community in climate change response with an approach to ensuring fairness and justice, identifying it as one of the urgent and important tasks and also an opportunity to transform the development model and build an energy transition industry. He asked the WB to continue supporting Vietnam in climate change adaptation.

Axel appreciated and expressed his impression with the solutions taken by the Vietnamese Government to simultaneously realising the goals that are difficult to achieve in the past and present contexts.

Over the past years, Vietnam has also achieved a high growth rate and been an image showing the general development of the entire Asia-Pacific region. The World Bank has learned many lessons from Vietnam's practice, and Vietnam can share its development and pandemic prevention experience with many other countries while continuing to contribute to solving many global issues such as food security, he stated.

He emphasised that he will continue to accompany the Vietnamese Government in the upcoming development journey not only in the financial sector, but also in solving strategic issues such as improving the capacity of the health system, responding to diseases and adapting to climate change.

The World Bank is ready to send a team of global experts to support the Vietnamese Government in developing the Report 2045, thus contributing to the goal of building Vietnam into a developed and high-income country by 2045, he added.

WB pleges to support Vietnam to become high-income economy by 2045

World Bank (WB) Regional Vice President for East Asia and Pacific Manuela V. Ferro on March 25 concluded her five-day visit to Vietnam.

Vietnamese boxer lifts WBA Asia belt

Le Huu Toan defeated Thai boxer Kitidech Hirunsuk to claim the minimum weight WBA Asia belt on Sunday night.

WB: Vietnam’s major mobility indicators rise sharply in January

All major mobility indicators in Vietnam rose sharply ahead of the Tet celebration as vaccination coverage surpassed 73 percent of the population, according to the World Bank (WB).

WB loan to support Vietnam’s economic recovery

The Vietnamese Government and the World Bank have signed an agreement for financing of 221.5 million USD to support Vietnam’s post-pandemic recovery through policy reforms aimed at improving financial inclusion and spurring greater environmental resilience.

Vietnam’s economic conditions improve further: WB

Vietnam’s economic conditions continued to improve, with both industrial production and retail sales registered a third month of growth, said World Bank (WB) in the December edition of its Vietnam Macro Monitoring.

Source: NDO/VNA