Politics

PM asks for ADB’s loans for gender equality projects in Vietnam

Prime Minister Nguyen Xuan Phuc has asked the Asian Development Bank (ADB) to finance gender equality projects aside from infrastructure construction in Vietnam.
PM asks for ADB’s loans for gender equality projects in Vietnam ảnh 1Prime Minister Nguyen Xuan (R) meets with ADB Country Director Eric Sidgwick on December 2 (Photo: VNA)

Hanoi (VNA) – Prime MinisterNguyen Xuan Phuc has asked the Asian Development Bank (ADB) to finance genderequality projects aside from infrastructure construction in Vietnam.

Receiving ADB Country Director for VietnamEric Sidgwick in Hanoi on December 2, he thanked ADB for approving a plan onsupporting Vietnam with 1-1.5 billion USD in the next four years.

In particular, the bank decided to provide450 million USD for Vietnam in 2016 and 2017, which will help the country easethe burden on its State budget, he noted.

PM Phuc noted as Vietnam’s economy willface a number of difficulties and challenges, especially in the next couple ofyears, the country wants to receive more assistance from ADB.

He also suggested the bank give financialassistance to Cambodia, Laos, Myanmar, Thailand and Vietnam within theframework of the Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy,and within the cooperation framework of Cambodia, Laos, Myanmar and Vietnam(CLMV) to build infrastructure linking these countries, especially the Vientiane-Hanoiexpressway linking the two capital cities of Laos and Vietnam.

Eric Sidgwick said as Vietnam has alreadybeen a middle-income country, it can no longer get loans with low interestrates. However, ADB is always ready to listen to Vietnam’s needs so as toassist its socio-economic development.-VNA
VNA
# Prime Minister Nguyen Xuan Phuc#ADB Country Director for Vietnam
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