NA Chairwoman Nguyen Thi Kim Ngan (R) and her guest - WB Vice President for East Asia and the Pacific, Victoria Kwakw (Photo: VNA)
Hanoi (VNA)🔯 - National Assembly Chairwoman Nguyen Thi Kim Ngan asked for the World Bank’s support in policy consultation and called for further funding, which will help stabilise Vietnam’s macro-economy while addressing the country’s challenges.
The NA leader made the call during a reception for the World Bank (WB)’s Vice President for East Asia and the Pacific, Victoria Kwakwa, who was previously the WB’s Country Director for Vietnam, in Hanoi, on June 7.
The WB has backed Vietnam in building a road map to peter out preferential loans from the International Development Association (IDA) to protect and improve the country’s achievements, Ngan noted, adding that the National Assembly as the highest organ of state power is monitoring the efficient use of loans, especially IDA funding.
Hailing the Vietnam 2035 Report – a joint undertaking by experts from Vietnam and the WB Vietnam, she said that the report is a significant document, which puts forth long-term orientations to help Vietnam become an industrialised nation and promote comprehensive reforms for the country’s market economy.
The Vietnamese official congratulated her guest on her new position as the WB’s Vice President for East Asia and the Pacific, believing that Victoria Kwakwa will continue her assistance for national strategic development programmes in regional countries, including Vietnam.
Ngan also shared with her guest Vietnam’s socio-economic development strategy for 2016-2020, highlighting that Vietnam is giving priority to stabilising the macro-economy, strengthening the implementation of strategic breakthroughs and restructuring the economy together with renovating the growth model.
Vietnam still faces a host of difficulties during international integration and economic development, especially the critical impacts of climate change and rising sea levels, she highlighted.
For her part, Victoria Kwakwa underscored that the WB treasures its working relationship with Vietnam, expressing her hope that the Vietnamese NA Chairwoman will continue her efforts to elevate the relations to a new height.-VNA
The World Bank has freshly approved a loan worth 150 million USD for Vietnam to improve local development policy related to economic management and competitiveness.
Relevant agencies must get well prepared for receiving the remainder of the World Bank's International Development Association (IDA-17) fund allocated for Vietnam in the 2014-2017 period.
President Tran Dai Quang has called on the World Bank (WB) to carry forward its coordination role and mobilise more financial support to help Vietnam deal with challenges hindering its integration.
Vice Chairman of Ho Chi Minh City People’s Committee Le Van Khoa and the World Bank (WB)’s Transport and ICT Practice Manager for East Asia-Pacific Michel Kerf discussed the green transport project.
The World Bank (WB) has said it recently approved an extra fund of 119 million USD for the ongoing Urban Water Supply and Wastewater Project in Vietnam.
Describing the exhibition as a large-scaled, content-rich, and unprecedented event with high requirements and limited preparation time, PM Pham Minh Chinh urged all ministries, sectors, and localities to participate with the highest sense of responsibility, ensuring the exhibition is inclusive, objective, truthful, feasible, and impactful.
Vietnam’s attendance reaffirms its consistent foreign policy of independence, self-reliance, multilateralisation and diversification, and comprehensive, intensive, extensive and effective international integration.
Cheng stressed that this is third time PM Chinh has attended the meeting and he is among the few senior government officials participating in this year's event, which is considered as a rare and commendable gesture.
The fact that the Vietnamese PM has been invited to attend and speak at this important event for three consecutive years reflects the WEF as well as the international business community's recognition and high regard for Vietnam's position, role, and contributions to global and regional economic growth.
This new era marks a crucial phase in which the country must strive with determination to fulfil its strategic objectives, achieving breakthrough development at new levels of sophistication, quality, and global standing, laying the foundation for further growth. Era after era forms a continuous history of development, ascending steadily from one level to the next.
The resolution on such mechanisms aims to serve as a legal basis for opportunely dealing with difficulties and hindrances caused by legal regulations in important, priority, and urgent areas that require immediate settlement so as to unlock resources, facilitate economic development, and turn legislation into a competitive edge.
PM Pham Minh Chinh instructed chairpersons of the People’s Committees of provinces and centrally-run cities to strictly follow the Ministry of Finance's guidelines on handling public finances and budgets, with a focus on preventing wastefulness, misconduct, or corruption.
Knapper reaffirmed the US's commitment to supporting a strong, independent, prosperous and resilient Vietnam, while respecting each other’s territorial integrity, sovereignty, independence and political systems.
Vietnam is deeply concerned about the escalating and complex conflict in the Middle East, which poses a serious threat to the lives and safety of civilians, as well as to regional and global peace and stability.
The Vietnamese Embassy advises the Vietnamese community living, studying, and working in Israel to strictly comply with directions from the Home Front Command and local authorities.
Lawmakers are set to vote on revisions and amendments to a broad spectrum of legal frameworks and impactful resolutions during the final week of the 15th NA's 9th session.
The State Committee for Overseas Vietnamese Affairs (SCOVA) has served as a bridge connecting and uniting the community with the homeland, becoming a trusted source of support for Vietnamese expats in times of hardship.
The programme to eliminate temporary and dilapidated houses has achieved notable results, with nearly 263,000 housing units addressed to date, including 225,000 houses inaugurated and 38,000 under construction. Thirty-eight provinces and cities across the nation have already fulfilled their targets.
Stronger efforts and determination are required to achieve and surpass the set targets, especially in the eradication of makeshift and dilapidated houses nationwide, the acceleration of public investment disbursement, and the implementation of nationally important transport projects, PM Pham Minh Chinh noted.
The trip will be made at the invitations of Chinese Premier Li Qiang and WEF President and CEO Børge Brende, according to an announcement from the Ministry of Foreign Affairs.
Long spoke highly of the dynamic, positive, and comprehensive development of Vietnam – Russia relations in recent years. He affirmed that the Vietnamese Party and State place great importance on further strengthening the comprehensive strategic partnership with Russia in a substantive and effective manner, in line with the development needs of both nations.
At the conference, participants reported that the Government has so far issued 28 decrees on the delegation of responsibilities and powers between the central Government and two-tier local administrations. Several localities have already piloted the new governance model.
NA Chairwoman Nguyen Thi Kim Ngan (R) and her guest - WB Vice President for East Asia and the Pacific, Victoria Kwakw (Photo: VNA)
