VietNamNet Bridge – Vietnam always appreciates the World Bank’s official development assistance (ODA) and is determined to effectively implement measures to speed up its capital disbursement.

Vice Chairwoman of the National Assembly Nguyen Thi Kim Ngan made the statement on July 23 at a reception for WB country director for Vietnam Victoria Kwakwa in Hanoi.

Ngan spoke highly of WB’s valuable assistance for Vietnam’s development, especially in infrastructure development, poverty reduction, implementation of millennium development goals (MDGs), international integration, technology transfer and advanced management skills.

She urged the WB to continue to provide policy consultancy and international experience in economic restructuring, international integration and capital resources accessibility.

Vietnam hopes the WB will help enhance NA agencies’ management and law-making capacity, as well as training in finance, economics and foreign languages, Ngan said.

For her part, Kwakwa praised Vietnam’s economic development, and macroeconomic stabilisation efforts which she said will be lessons for other countries to learn.

She appreciated the legislature’s recent approval of several bills and resolutions, especially a resolution on accelerating sustainable poverty reduction by 2020.

Acknowledging Vietnam’s efforts in effectively using preferential aid in recent years, Kwakwa stated that the WB will maintain ODA for Vietnam in the 2014-2017 period.

The WB will actively coordinate with relevant Vietnamese ministries and agencies to implement healthcare, education and poverty reduction projects in order to raise the living conditions for ethnic minority people, she said,.

Both sides will work closely to speed up capital disbursement in Vietnam, she told the NA Vice Chairwoman.

Source: VOV