Quang suggested that both sides continue working closely together to overcome difficulties in the implementation and completion of projects using WB’s loans.

Deputy Prime Minister Tran Luu Quang (R) and WB Country Director Carolyn Turk at their meeting in Hanoi on March 13.

Since 1993, the WB has allocated about 25 billion USD in concessional loans to Vietnam, along with technical assistance and policy consultation, contributing significantly to national socioeconomic development.

Both sides reviewed the current state of the WB’s projects in Vietnam, especially since the establishment of a task force in charge of stepping up their progress led by Deputy Minister of Planning and Investment Tran Quoc Phuong.

According to the Ministry of Planning and Investment, major barriers hindering project approval stem from differences in compensation policies, land clearance and complaint settlement mechanism between Vietnam and the WB.

To address these obstacles, the Vietnamese side proposed negotiating and signing a framework agreement to harmonise procedures between Vietnam and the WB, with a specific focus on compensation, land clearance and complaint settlement mechanisms.

Turk, for her part, expressed the WB’s willingness to engage in further discussions with Vietnam regarding this proposal.

The WB highly values its relationship with Vietnam and considers Vietnam a critically important partner, she said.

Vietnam pours capital into 17 new investment projects overseas in Jan-Feb

Vietnamese enterprises invested over 25 million USD in 17 new projects aboard in the first two months of 2024, equal to 21.7% of the capital registered in the same period last year, according to the Ministry of Planning and Investment’s Foreign Investment Agency.

Deputy PM urges ensuring quality, progress of expressway, power projects

Deputy Prime Minister Tran Hong Ha on February 17 led a government delegation to inspect the implementation of sub-projects under the eastern North-South Expressway project, and another on the 500kV north-central power transmission grid.

PM urges speeding up key transport projects

Prime Minister Pham Minh Chinh ordered competent sides to accelerate construction of key transport projects in 2024 to create new development space while chairing the 9th session of the Steering Committee for Key National Transport Projects on February 16.

Ministry aims to complete procedures to launch 19 transport projects in 2024

The Ministry of Transport said it will strive to complete procedures for 19 transport projects to start construction in 2024. Among the projects, three are directly under the authority of the ministry, namely the Dau Giay-Tan Phu Expressway, Cho Moi-Bac Kan Expressway and Lo T-Rach Soi Expressway.

Public-private partnership highlighted in high-quality rice production project

Effective public-private partnership and support from partners are key to the success of the project on developing 1 million hectares of high-quality, low-emission rice linked with green growth in the Mekong Delta region by 2030, Minister of Agriculture and Rural Development Le Minh Hoan said at a talk on January 30.

Source: VNA