Vietnam is World Bank’s important partner, says President Ajay Banga
VOV.VN - The World Bank considers Vietnam an important partner and it will continue to accompany and support Vietnam in meeting its development goals, said President Ajay Banga.
Meeting with Vietnamese Prime Minister Pham Minh Chinh in Dubai on December 2, Banga highly appreciated the government’s sound performance, resulting in positive socio-economic development in recent times despite global headwinds.
Chinh for his part thanked the World Bank for its effective cooperation with Vietnam, especially in policy advice, financial provision, and implementation of many development projects in the country, including those on poverty reduction.
To improve the efficiency of bilateral cooperation in the coming time, both leaders agreed to effectively implement existing projects and at the same time promote large-scale strategic projects within the framework of the World Bank’s US$5-7 billion loan for Vietnam in the next three years.
The large-scale projects with spillover effects include those on renewable energy development, 1 million hectares of high-yield, low-carbon rice, Hanoi - Hoa Lac high-speed railway, infrastructure development in the Mekong Delta to adapt to climate change, digital transformation, and green transformation.
As the World Bank is restructuring its organisation globally, the Prime Minister proposed that the world’s financial institution establish a regional center with an office in Vietnam. He affirmed that the government would create the best possible conditions for the regional office to undertake projects in Vietnam and other countries in the region.
Banga welcomed Chinh’s proposal, and said he would seriously consider the idea.
He spoke highly of the efforts and determination of the Vietnamese Government in green transformation, climate change response and sustainable development, especially in implementing a project to grow 1 million hectares of high-yield, low-carbon rice, considering the project a role model for green agriculture of the World Bank in the world.
He proposed that Vietnam join the global carbon credit market, while affirming the World Bank stays ready to accompany and support Vietnam in this process.
