State President Nguyen Xuan Phuc receives WB Vice President for East Asia and Pacific

Update: 09:00 | 30/06/2021
State President Nguyen Xuan Phuc hosted a reception in Ha Noi on June 29 for World Bank (WB) Regional Vice President for East Asia and the Pacific Victoria Kwakwa who is on a working trip to Viet Nam.
President Nguyen Xuan Phuc receives WB Vice President for East Asia and Pacific
State President Nguyen Xuan Phuc and WB Regional Vice President for East Asia and the Pacific Victoria Kwakwa. (Photo: VNA)

Hailing Kwakwa for her dedication to promoting effective cooperation programmes between WB and Viet Nam, Phuc affirmed that the Vietnamese State and people always highly value her efforts and contributions in the field.

The WB has assisted Viet Nam not only in poverty reduction but also in the building of mechanisms and strategic infrastructure framework over the past years, thus helping Viet Nam make breakthrough strides, which have been welcomed by the WB and international organisations, he said.

Phuc thanked the WB for supporting Viet Nam’s bid to delay the payment of the International Development Association’s loans in order to have more resources for the fight against COVID-19 and for economic development. He also lauded the WB’s initiatives to assist countries in the COVID-19 fight, including Viet Nam.

Kwakwa, for her part, congratulated Viet Nam on curbing the COVID-19 spread. At the same time, the country also harmoniously combined fiscal and monetary policies to generate strong economic growth, becoming one of a few nations with positive growth in the region and achievements in export.

Underlining the importance of vaccinations, she also committed all possible support to Viet Nam to buy vaccines and offer health care to its people.

About Viet Nam’s socio-economic development orientations, Kwakwa said Viet Nam has devised a relatively complete development policy framework, especially regarding the development of key economic zones, digital transformation, inclusive development, climate change response and green growth, which are strategic infrastructure for Viet Nam to become an upper-middle-income country by 2045.

The guest also spoke highly of Viet Nam’s efforts to realise the climate change response strategy in the Mekong Delta and reduce greenhouse carbon emissions. She suggested Viet Nam pay more attention to reducing coal-fired power development and switching to cleaner and greener energy production.

The host wished that the WB would continue assisting Viet Nam in fulfilling development goals till 2035 and 2045, as well as addressing post-pandemic poverty relapse in countries, including Viet Nam.

Phuc discussed with the WB official measures to fix shortcomings in building projects and disbursing official development assistance (ODA) in Viet Nam, and proposed Kwakwa seek more ODA to Viet Nam in the time to come.

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(Source: VNA)