Prime Minister Nguyen Xuan Phuc has called on the International Finance Corporation (IFC) to support Vietnam in implementing the national startup programme, especially in projects owned by young people.
Prime Minister Nguyen Xuan Phuc (R) and Vice President of International Finance Corporation for Asia and Pacific Snezana Stoiljkovic (Source: VNA)
Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc has called on the International Finance Corporation (IFC) to support Vietnam in implementingthe national startup programme, especially in projects owned by young people.
During a reception for visiting Vice President of IFC for Asia and Pacific Snezana Stoiljkovic in Hanoi onApril 11, PM Phuc suggested IFC and other international organisations invest inrenewable energy, that Vietnam has great potential.
He hoped IFC would cooperate with some Vietnamese financial institutions, andsupport Vietnam in improving its financial management capacity.
For her part, Stoiljkovic congratulated the Vietnamese Government on itseffective economic management in recent times, which contributed to the stable economicgrowth. This is an important basis for IFC to continue cooperating with Vietnamin the coming time.
She said 2017 is a successful year for IFC’s activities in Vietnam, especiallyin supporting the private economic sector.
IFC wants to work with and assist Vietnam in developing new fields, thus helpingthe country attract foreign direct investment in those, including the developmentof small and medium sized enterprises (SMEs), agriculture, and renewableenergy, she stated.
Stoiljkovic said IFC is cooperating effectively with many Vietnamese enterprisesand banks, adding that it wants to support young Vietnamese entrepreneurs inpromoting startups via IFC’s partners in Vietnam.
Agreeing with Stoiljkovic’s opinion on the importance of the private economic area,PM Phuc said Vietnam always attaches importance to the potential of the area,and target to have 1 million enterprises by 2020.
He stressed that Vietnam appreciates IFC’s support for the country in recenttimes, and hopes the agency will continue to accompany the country on its path ofdevelopment in the future.-VNA
The need to bring about some degree of parity between foreign-invested and domestic firms while fostering increased linkages was highlighted at the Vietnam Business Forum held on June 16 in Hanoi.
The International Finance Corporation (IFC), a member of the World Bank Group, has helped Vietnamese garment-textile outsourcers save over 20 percent of water and energy consumption.
The International Finance Corporation (IFC), a member of the World Bank Group, recently approved a convertible loan of 57 million USD to the Vietnam Prosperity Joint-Stock Commercial Bank (VPBank).
The International Finance Corporation (IFC) announced on December 19 a successful syndicated senior loan package transfer of 110 million USD to An Binh Commercial Joint Stock Bank (ABBANK) as a joint effort to boost the latter’s small and medium enterprises (SMEs) lending.
The International Finance Corporation, a member of the World Bank Group, has committed a convertible loan worth 15.3 million USD to DNP Water JSC, a private Vietnamese company, to increase access to and availability of clean water for residents in urban areas.
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Party General Secretary To Lam stressed that the Central Public Security Party Committee must be fully aware of the extremely important role of the People's Public Security force in the country's new revolutionary phase, so as to guide each branch and level of the force as the nation undergoes transformation.
Addressing concerns over university education spending, Son explained that as public universities gain greater autonomy, the Ministry of Finance has scaled back recurrent state funding. “Over the past decade, as autonomy has increased, the State's support has steadily declined”, he noted
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The country is willing to participate in collective efforts to promote cooperation and mobilise resources to advance the current priority issues of developing countries, such as trade, investment, infrastructure connectivity, making the most of scientific and technological advances for development, and people-to-people exchanges, Hang said.
During the negotiations, the US highly evaluated Vietnam’s goodwill and efforts, affirmed its appreciation for the bilateral relationship, acknowledged Vietnam’s proposals and concerns, and considered these an important basis for continuing discussions and moving towards a final agreement.
The Chairman stressed the need for stricter fiscal discipline, faster digital transformation, and more efficient management of State budget revenues and expenditures.
The ministry has instructed Vietnamese representative agencies in Israel, Iran, as well as those in neighbouring countries, to closely monitor the situation and request local authorities to ensure absolute safety for Vietnamese citizens living, studying, and working in high-risk areas.
Senior Vietnamese leaders on June 19 sent letters of congratulations to New Zealand leaders on the occasion of the 50th founding anniversary of Vietnam – New Zealand diplomatic relations (June 19, 1975 – 2025).
The Party chief attributed the achievements in the first half to the continuous, direct, and comprehensive leadership of the Politburo and the Secretariat of the Party Central Committee, and the close and effective coordination of relevant ministries, sectors and localities.
General Nguyen Tan Cuong, Chief of the VPA’s General Staff and Deputy Minister of National Defence reaffirmed Vietnam’s unwavering gratitude for Cuba’s invaluable support during its struggle for independence and nation-building efforts, and pledged to stand shoulder-to-shoulder with Cuba as it navigates current challenges.
Vietnam is a country with which Russia shares a special relationship. In the 1950s and 60s, particularly during Vietnam’s struggle for independence, the two countries forged a deep bond. While much has changed over time, the friendship and cooperation between our nations have endured, said Russian President Vladimir Putin.
For 50 years, Vietnam and New Zealand have worked together to uphold peace and prosperity for their peoples and the region. The friendship, cooperation, and mutual understanding Vietnam and New Zealand nurtured have grown from a seed into a deeply rooted, strong, and thriving tree, she stressed.
Since the Strategic Partnership was established in 2020, Vietnam and New Zealand have witnessed steady growth in the relations. Beyond the remarkable 40% increase in bilateral trade over five years, political relations and multilateral interactions, particularly within the CPTPP framework, have remained highly positive.
Known as the “four pillars for Vietnam’s ascend”, the Pobiburo's Resolutions 57, 59, 66, and 68 focus on cultivating a robust national entrepreneurial spirit, unlocking resources for innovation across society, and accelerating the development of digital economy, knowledge-based economy, green economy, and circular economy, propelling Vietnam forward rapidly and firmly on the path of modernisation and international integration.
Minister of Finance Nguyen Van Thang cleared up deputies' concern regarding how to spur socio-economic growth, renew traditional growth motives and establish new momentum for development.
Vietnam proposed several priorities: narrowing the digital divide, strengthening women’s leadership in the digital economy and AI governance, and mobilising sustainable financing for gender equality initiatives in line with each country’s national priorities and context. Vietnam also advocated for genuine women’s participation and leadership across all areas of public life.
Prime Minister Nguyen Xuan Phuc (R) and Vice President of International Finance Corporation for Asia and Pacific Snezana Stoiljkovic (Source: VNA) 
