That is the statement of Ms. Manuela V. Ferro, World Bank Vice President in charge of East Asia and the Pacific, during a meeting with Vietnamese Prime Minister Pham Minh Chinh on March 21 during a trip visit Vietnam.
According to the World Bank in Vietnam, during an exchange with the head of the Vietnamese government, “the two sides discussed plans and actions for Vietnam to promote economic recovery and respond to climate change,” building an independent and self-sufficient economy towards the goal of becoming a high-income country by 2045.”
This financial institution said it “will continue to accompany the Vietnamese Government on the upcoming development journey, ready to actively support the development of the Vietnam 2045 Report to offer specific solutions to help Vietnam development goals.”
According to the Vietnam Government Electronic Newspaper (VGP), Chinh told Ms. Ferro that Vietnam “always considers the World Bank as a good friend and very important development partner” and that the organization “has supported, actively contributing to Vietnam’s socio-economic development, having many macro-policy advisories, and recently providing effective support in building e-government.”
Mr. Chinh also said that “2021 is the most difficult year since doi moi/renovation” and “Vietnam has persisted in safely adapting, flexibly, effectively controlling the epidemic, and is promoting rapid recovery and develop socio-economic sustainability, the main sectors and fields are continuing the very positive recovery trend, among the top 20 leading countries in the world in terms of attracting foreign direct investment (FDI).”
According to VGP, Mr. Chinh also “welcomes the World Bank for its initiative and support for countries in the fight against COVID-19, especially the World Bank’s sharing with Vietnam during difficult times, non-refundable aid to Vietnam of $6.2 million in 2020.”
Mr. Chinh also mentioned “the global and regional context has changed a lot with new trends” and “suggested the World Bank give priority to Vietnam to continue accessing grants, softening loans” as well as “stepping up international advice and support, helping Vietnam to timely adjust policies to suit the situation, making good use of new sustainable growth.”
Before the meeting with Mr. Chinh, the World Bank’s Vice President in charge of East Asia and the Pacific had an exchange with Minister of Industry and Trade Nguyen Hong Dien and affirmed that the World Bank “will continue to work with Vietnam to address the fundamental challenges of the energy sector: ensuring energy security, reducing emissions, and mobilizing sufficient financial resources to develop the industry.”
Before that, she also had meetings with officials from the Ministry of Planning and Investment and the Ministry of Finance to discuss Vietnam’s green growth strategy, the development of the Mekong Delta region as well as the provision of financial solutions and knowledge to help Vietnam achieve its development goals, including the goal of becoming a high-income country by 2045 and a commitment to reduce net emissions to zero by 2050.
In a related development, the World Bank recently published the issue of “Vietnam Macroeconomic Update” in March of this year and said that “available data shows that economic activities in the country continue to recover, with industrial production increasing by 8.5% (year-on-year) and total retail sales of consumer goods and services increasing by 3.1% (year-on-year) despite the impact of the recent rapid increase in the number of COVID-19 infections on labor supply, production and consumption may not be fully reflected.”
The World Bank commented that although Vietnam’s economy “shows resilience and recovery,” currently “negative risks have increased” due to the high increase in Omicron variant infections and the “intensification” of the Russia-Ukraine conflict with increasing uncertainty about the global economic recovery, creating new strains on global supply chains and increasing inflationary pressures.”
Translated by Thoibao.de from VOA: https://www.voatiengviet.com/a/6499112.html
