Updated date: 05/28/2024 05:26:11
On the afternoon of May 27, Prime Minister Pham Minh Chinh received Ms. Manuela V. Ferro - Vice President of the World Bank (WB) who is visiting and working in Vietnam and Ms. Mariam J. Sherman - who has just been appointed as the new Country Director of the WB in the Vietnam, Laos, Cambodia region with headquarters in Hanoi.
Prime Minister Pham Minh Chinh and Ms. Manuela V. Ferro - Vice President of the World Bank (Photo: VIET CHUNG)
Prime Minister Pham Minh Chinh thanked the WB leadership for trusting in setting up the WB regional office of Vietnam, Laos and Cambodia in Hanoi; was pleased with the increasingly good relationship between Vietnam and the WB, and expressed his appreciation for the WB's effective cooperation and support for Vietnam over the years with a total capital of about 25 billion USD.
Vietnam always attaches importance to and advocates promoting and deepening Vietnam-WB cooperation; hopes that the WB will continue to accompany and support Vietnam in implementing programs and policies to promote sustainable growth, develop green economy, digital economy, circular economy, sharing economy, knowledge economy, etc.
Welcoming the WB's proposal to lend Vietnam more than 11 billion USD in the next 5 years, the Prime Minister suggested that both sides continue to review, innovate thinking, working methods, and restructure governance in implementing projects, with a Deputy Prime Minister directly directing and controlling project progress monthly and quarterly to complete the project, avoid prolongation, and bring about specific and highly effective products.
At the same time, this capital will be focused on a number of large projects in key areas such as the 1 million hectare high-quality, low-emission rice program in the Mekong Delta; large-scale, sustainable infrastructure projects with spillover effects, inter-regional connectivity, expanding development space and effectively responding to climate change...
According to the Prime Minister, focusing capital on a number of large projects that are transformational and situation-changing will help maximize capital efficiency and save time in carrying out processes and procedures.
The Prime Minister also thanked the World Bank for supporting Vietnam to become the first country in the East Asia - Pacific region to receive payments based on emission reduction results from the World Bank's Forest Carbon Partnership Facility (FCPF), hoping that the World Bank will continue to support Vietnam to participate in the global carbon credit market; effectively implement the project "Enhancing the Renewable Energy Integration System" (REACH)...
WB Vice President Manuela V. Ferro highly appreciated Vietnam's efforts in implementing cooperation projects with the WB in recent times, especially the activities of the Working Group headed by Deputy Prime Minister Tran Luu Quang. The WB is committed and wishes to continue to cooperate closely and effectively, accompanying Vietnam on the next development journey, becoming a developed country by 2045; at the same time contributing to promoting the connection between Vietnam and countries in the region, in the context of an increasingly complex world.
At the meeting, the two sides agreed to coordinate in building the Vietnam - WB Country Partnership Framework for the 2025 - 2029 period, determining the direction of cooperation between the two sides in the coming period, especially the ability to mobilize and support resources of the WB for the funding portfolio for Vietnam; soon agree on the content of the Country Partnership Framework to submit to the leaders of both sides for approval.
According to PHAN THAO (SGGP)
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