VietNamNet Bridge – Vietnam hopes to receive more effective support and assistance from the World Bank to implement development targets.

Prime Minister Nguyen Tan Dung made the statement while receiving WB Country Director Victoria Kwakwa in Hanoi on May 24.
Exchanging views on the macroeconomic situation in Vietnam with Mrs Kwakwa, PM Dung said Vietnam’s goal is to stabilize the macroeconomy to ensure sustainable development

This year, the country aims to keep inflation at 8 percent, and overspending at 4.8 percent of the gross domestic product (GDP), and maintain an economic growth rate of 5.6-5.8 percent.

The Vietnamese Government is directing the implementation of economic restructuring with a focus on restructuring public investment, State-owned enterprises (SoEs), and the banking system. Mr Dung said.

The Government leader said he hopes the WB will continue to support Vietnam in carrying out development goals, key transport and poverty reduction projects as well as providing policy consultancy and share experience in dealing with bad debts.

The WB Country Director praised Vietnam’s effective measures to contain inflation and stablilize the macrcoeconomy in recent times, while suggesting that the country should focus on helping enterprises iron out snags in production and trade, promoting the application of advanced technology, creating more jobs for workers and ensuring social welfare.

Mrs Kwakwa said Vietnam should tighten its controls on public investment to improve its effectiveness and avoid scattered and ineffective investment. The WB, for its part, will further assist Vietnam in the process of implementing socio-economic targets.

During the meeting, PM Dung and Mrs Kwakwa also discussed some issues related to the mid-term Consultative Group (CG) Meeting for Vietnam scheduled to take place in the central province of Quang Tri early next month.

VNN/VNA/VOV