Prime Minister Nguyen Xuan Phuc (R) and WB Country Director in Vietnam Ousmane Dione (Source: VNA) Hanoi (VNA) – Prime Minister NguyenXuan Phuc has called on the World Bank (WB) to intensify its coordination andmobilisation of capital from international donors in order to develop suitableprojects that meet Vietnam’s development investment demands.
He told WB Country Director in Vietnam Ousmane Dionein Hanoi on September 20 that Vietnam always heeds the effective use of loans,especially those in the form of official development assistance (ODA).
The leader suggested the bank seek grants forVietnam, particularly non-refundable aid, in order to help agencies andlocalities access preferential loans after graduating from the InternationalDevelopment Association (IDA).
Talking about projects during the 2017-2018 fiscalyear, PM Phuc urged the two sides to coordinate with each other to selecteffective and suitable projects so as to finance them since the first phase.
Regarding capital resources for large-scale andinter-regional infrastructure projects, he called for more support from the WBto the Ministries of Industry and Trade, and Transport, as well as otherrelevant ministries in building a legal framework facilitating the mobilisationof investment capital under the Public-Private Partnership (PPP) model.
He proposed the WB step up cooperation with Vietnamin such priority areas as innovation, hi-tech agriculture, infrastructure andprivate economic development.
The Government leader spoke highly of the bank’ssupport for Vietnam over the past time, especially through the building of amechanism to help Vietnam graduate from IDA, which, he said, is suitable withthe country’s reality.
Mentioning the Government’s conference on the shifttowards sustainable development model adaptive to climate change in the MekongDelta slated for September 26-27 in Can Tho city, PM Phuc praised the WB for sponsoringthe “Mekong Delta Integrated Climate Resilience and Sustainable Livelihoods”project.
The project has been carried out effectively,contributing to improving livelihoods and combating climate change in MekongDelta localities, he noted.
For his part, Ousmane Dione affirmed that the WBstands ready to accompany and share international experience with Vietnam tohelp the country speed up the reform process.
He suggested the country establishing a coordinatingunit to accelerate reform activities.
Applauding cooperation between the WB and Vietnamover the past time, particularly Vietnam’s effective use of the bank’s aids,Ousmane Dione told PM Phuc that the bank has completed a number of major reportson Vietnam, including the Country Partnership Framework (CPF), a report on foodsafety and another on agricultural modernisation in the country.
The WB Country Director reiterated that he iswilling to cooperate and share experience with Vietnam to contribute to thecountry’s socio-economic development.-VNA
He told WB Country Director in Vietnam Ousmane Dionein Hanoi on September 20 that Vietnam always heeds the effective use of loans,especially those in the form of official development assistance (ODA).
The leader suggested the bank seek grants forVietnam, particularly non-refundable aid, in order to help agencies andlocalities access preferential loans after graduating from the InternationalDevelopment Association (IDA).
Talking about projects during the 2017-2018 fiscalyear, PM Phuc urged the two sides to coordinate with each other to selecteffective and suitable projects so as to finance them since the first phase.
Regarding capital resources for large-scale andinter-regional infrastructure projects, he called for more support from the WBto the Ministries of Industry and Trade, and Transport, as well as otherrelevant ministries in building a legal framework facilitating the mobilisationof investment capital under the Public-Private Partnership (PPP) model.
He proposed the WB step up cooperation with Vietnamin such priority areas as innovation, hi-tech agriculture, infrastructure andprivate economic development.
The Government leader spoke highly of the bank’ssupport for Vietnam over the past time, especially through the building of amechanism to help Vietnam graduate from IDA, which, he said, is suitable withthe country’s reality.
Mentioning the Government’s conference on the shifttowards sustainable development model adaptive to climate change in the MekongDelta slated for September 26-27 in Can Tho city, PM Phuc praised the WB for sponsoringthe “Mekong Delta Integrated Climate Resilience and Sustainable Livelihoods”project.
The project has been carried out effectively,contributing to improving livelihoods and combating climate change in MekongDelta localities, he noted.
For his part, Ousmane Dione affirmed that the WBstands ready to accompany and share international experience with Vietnam tohelp the country speed up the reform process.
He suggested the country establishing a coordinatingunit to accelerate reform activities.
Applauding cooperation between the WB and Vietnamover the past time, particularly Vietnam’s effective use of the bank’s aids,Ousmane Dione told PM Phuc that the bank has completed a number of major reportson Vietnam, including the Country Partnership Framework (CPF), a report on foodsafety and another on agricultural modernisation in the country.
The WB Country Director reiterated that he iswilling to cooperate and share experience with Vietnam to contribute to thecountry’s socio-economic development.-VNA
VNA
