National Assembly Chairwoman Nguyen Thi Kim Ngan said she hopes that the World Bank continues to assist Vietnam in implementing sustainable development goals (SDGs) during her reception for the bank’s Chief Executive Officer Kristanlina Georgieva in Hanoi on March 23.

NA Chairwoman Nguyen Thi Kim Ngan​ (L) welcomes Kristalina Georgieva, the World Bank's CEO in Hanoi.

Expressed her pleasure with fruitful cooperation between Vietnam and the WB showed in WB-assisted projects on poverty reduction and economic development, the NA Chairwoman stressed Vietnam’s commitment to use capital resources from the WB in an effective manner.

She said Vietnam gives first priority to maintaining macroeconomic stability, accelerating the implementation of strategic breakthroughs, economic restructuring and growth model renewing, ensuring social welfare, and coping with climate change.

As a developing country, Vietnam still faces difficulties and challenges in its integration and economic development, and the country is heavily affected by climate change, including sea level rise, Ngan said. Therefore, Vietnam needs support from the international community, including the WB, to fulfil its goals.

She spoke highly of the WB’s drafting the Vietnam-WB country partnership framework (CPF) for 2017-2022, hoping it will be a strategic document to implement set policies and development goals. She asked the WB to closely work with government agencies to reach agreement on detailed contents and complete the important document soon.

The Vietnamese National Assembly continues to promote its role of supervising the implementation, management and use of the WB’s assistance, thus ensuring the effective use of the capital sources, Ngan affirmed.

Georgieva, for her part, said the WB is willing to support Vietnam to obtain achievements in implementing its policies, socio-economic development plan for 2016-2020.

In 2017, the WB puts aside 1.8 billion USD to aid Vietnam in many fields such as poverty reduction, water resources management, agriculture, urban development, issues related to dam safety, effective use of resources.

The bank will also support the NA’s law making, and cooperate with the Government in State-owned enterprise reform, finance, and climate change adaptation, she said, emphasising in investment in education to create a long-life learning opportunity for people.

WB continues helping Vietnam adapt to climate change

WB's Chief Executive Officer Kristalina Georgieva speaks at the press conference 

The World Bank (WB) continues working with and supporting Vietnam in numerous fields, including climate change adaptation, visiting the bank’s Chief Executive Officer Kristalina Georgieva has assured. 

Speaking at a press conference in Hanoi on March 23, Georgieva affirmed the WB will also cooperate with Vietnam in poverty reduction, water resources management, flood control, urban environment improvement, agriculture and the development of the private area. 

According to the CEO, Vietnam continues to have reforms in State-owned enterprises and the sectors of finance-banking and tax, thus making it easy for the private area to be a driving force for the economy. 

Besides, Vietnam needs to pour more investments into education, and pay heed to skill improvement, environmental protection and climate change adaptation. 

She expressed her belief that Vietnam continues maintaining high growth in the future.

VNA