The Vietnamese government is determined to successfully carry out reforms to stabilise the macro-economy and fuel economic growth, Prime Minister Nguyen Xuan Phuc assured Country Director of the Asian Development Bank (ADB) in Vietnam Eric Sidgwick during a reception in Hanoi on May 25.

Prime Minister Nguyen Xuan Phuc (R) and ADB Country Director.

The PM made it clear that the Vietnamese government supports ADB’s comprehensive strategy to 2030, that helps member states deal with poverty, development gap and climate change, as well as promote their private sectors.

Vietnam backs ADB’s continued reform of operations and personnel work, he said, adding that the Vietnamese government and the State Bank of Vietnam also value the implementation of the 2016-2020 Country Partnership Strategy between ADB and Vietnam.

He said the 50th founding anniversary of ADB and the 20 th anniversary of launching its representative office in Vietnam is a chance for both sides to review and improve their roles in the region.

Sidgwick, for his part, lauded Vietnam for stabilising its macro-economy, which he said, reflects the government’s capability.

ADB is ready to share experience with Vietnam in the time to come, particularly in infrastructure, response to climate change, enhancing competitiveness, development of the private sector and macroeconomic policy consultation, he stated.

VNA