HomePolitical ActivitiesExpect the WB to increase capital funding for Vietnam

Expect the WB to increase capital funding for Vietnam

(CPV) - Prime Minister Pham Minh Chinh proposed that the World Bank (WB) increase capital funding for Vietnam, focusing on national key, large-scale projects...

Expect the WB to increase capital funding for Vietnam
Prime Minister Pham Minh Chinh receives World Bank Country Director in Vietnam Carolyn Turk. 

On the afternoon of March 28, at the Government Headquarters, Prime Minister Pham Minh Chinh received World Bank (WB) Country Director in Vietnam Carolyn Turk to say goodbye and end his working term.

Congratulations and thanks to Ms. Carolyn Turk for her successful nearly 4-year working term in Vietnam; Appreciating the WB for accompanying and providing practical support in Vietnam's Doi Moi process over the past 30 years, Prime Minister Pham Minh Chinh said that the WB is one of three development partners providing water loans. largest foreign exchange for the Government of Vietnam.

During the period when Ms. Carolyn Turk was the World Bank Country Director in Vietnam, the World Bank supported Vietnam in postponing and quickly repaying International Development Association (IDA) loans, thereby contributing to helping Vietnam prevent and fight the epidemic. COVID-19 disease and economic recovery after the pandemic; has initiatives to support countries in preventing and combating the COVID-19 epidemic and providing non-refundable aid to improve Vietnam's preventive medicine capacity.

In addition, during this period, the World Bank has committed to mobilizing resources for large-scale infrastructure projects; Mobilize non-refundable aid for Vietnam to soften loans, support policy advice, improve institutions, and enhance operating capacity at central and local levels...

Expect the WB to increase capital funding for Vietnam
Prime Minister Pham Minh Chinh highly appreciated the WB for accompanying and providing practical support during Vietnam's Doi Moi process over the past 30 years.

For its part, Vietnam has fulfilled its commitments, responsibilities and membership obligations, contributing to increasing the WB's capital to supplement the WB's operating capital. In addition, actively improve institutions, regulations, procedures and closely coordinate with the WB Office in Vietnam to exchange and discuss appropriate solutions to remove difficulties and obstacles in the process. preparation and implementation of WB-funded projects for Vietnam.

Information about Vietnam's development situation, the Prime Minister requested the WB to increase capital funding for Vietnam, focusing on national key, large-scale projects such as projects on: Green transformation, transformation digital, strategic transport development, urban railways, renewable energy, power transmission, smart agriculture, low carbon emissions, climate change response.

Wishing Ms. Carolyn Turk success in her new position and continued contributions and support for the cooperation and development of the WB - Vietnam relationship, the Prime Minister expressed his wish to welcome the President of the WB to an official visit to Vietnam during this period. as soon as possible, contributing to promoting the partnership between the WB and Vietnam to develop more practically and effectively.

World Bank Country Director in Vietnam Carolyn Turk thanked the Government, the Prime Minister and Vietnamese ministries, branches and localities for the support and assistance given to the WB and herself during this time. perform duties in Vietnam. In which, the Prime Minister has paid attention, directed and established a Working Group to resolve problems during the implementation of projects in Vietnam.

Given that the current world context with complex and unpredictable developments, wars and conflicts taking place affects global trade, affecting Vietnam's socio-economic growth goals, Ms. Carolyn Turk said that with the foundation of cooperation with Vietnam for the past 30 years, the WB will continue to accompany and be ready to support Vietnam in providing policy, technical and financial advice to Vietnam on the world. development path.

Ms. Carolyn Turk affirmed that the WB is ready to accompany Vietnam on the journey to realize development goals, especially in green transformation, digital transformation, innovation, high technology, carbon emission reduction, and transformation. energy exchange, enhancing electricity transmission, training human resources...

Considering Vietnam as her second home, Ms. Carolyn Turk said that no matter her position or position, she always supports Vietnam; I hope to return to Vietnam to witness the achievements Vietnam will achieve in the near future./.

Manh Hung – Electronic information portal of the Communist Party of Vietnam 

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