WB pledges continued support for Vietnam’s future development

The World Bank will continue to accompany the Government of Vietnam on its future development path to address strategic issues such as healthcare capacity, disease control and climate change adaptation, along with financial assistance.

wb pledges continued support for vietnam s future development picture 1

PM Pham Minh Chinh (R) receives World Bank Managing Director of Operations Axel van Trotsenburg in Hanoi on July 18. (Photo: VNA)

World Bank Managing Director of Operations Axel van Trotsenburg made the commitment at a reception hosted by Vietnamese Prime Minister Pham Minh Chinh in Hanoi on July 18.

Van Trotsenburg highly appreciated Vietnam’s pandemic control and economic recovery efforts, saying that the World Bank has studied the Vietnam case, and that Vietnam can share its practical lessons with other countries, while contributing to solving many other global problems such as food security.

He acknowledged PM Chinh’s proposals, including the bank’s continued assistance to Vietnam’s green growth model, climate change adaptation, human resource training and energy conversion.   

He suggested that the two sides work closely to review and update the National Strategic Partnership Framework for 2022 - 2025 in order to identify support resources and priority areas of the two sides.

The World Bank is ready to send a team of global experts and the World Bank Vietnam Office to support the Government in developing the Vietnam 2045 Report, aiming to build Vietnam into a developed and high-income country by 2045, he told PM Chinh.

Van Trotsenburg agreed with the Prime Minister’s view on the global approach that focuses on upholding international cooperation and multilateralism, in the spirit of sincerity, trust and efficiency, along with solutions tailored to each country’s characteristics to solve current emerging problems such as epidemics, climate change and non-traditional security issues.

For his part, PM Pham Minh Chinh expected that the World Bank would continue to support Vietnam in developing strategic infrastructure, promoting sustainable development, green growth, climate change combat, and especially in putting forward perfect policies to build an independent, self-reliant economy to withstand external shocks, while proactively integrating into the world.

He affirmed that Vietnam is responsibly and actively joining the international community in responding to climate change with an approach that ensures fairness and justice.

This is one of the key, urgent tasks and also an opportunity to transform the development model, and build an energy transition industry towards a green, sustainable, circular, and low carbon economy, he said.

VOV

Other News

National Assembly Chairman urges renovation in leadership, working style

National Assembly Chairman urges renovation in leadership, working style

The NA's Committee for Cultural and Social Affairs has moved fast to reshuffle its organisation after the 14th National Party Congress and the election of deputies to the 16th NA, updating its work agenda to match new directives set out in the resolutions of the 14th National Party Congress and the first Congress of the NA Party Organisation for the 2025–2030 term.

Vietnam treasures ties with Croatia: PM

Vietnam treasures ties with Croatia: PM

Vietnam and Croatia should strive to double bilateral trade turnover from the current level of 161 million USD; study the establishment of a Joint Committee on Economic Cooperation to create a long-term, stable, and effective framework for collaboration, said Prime Minister Le Minh Hung.

President Ho Chi Minh's enduring legacy highlighted at Venezuela commemoration

President Ho Chi Minh's enduring legacy highlighted at Venezuela commemoration

Vice President of the United Socialist Party of Venezuela (PSUV) Jesús Faria expressed deep admiration for President Ho Chi Minh and Vietnam’s indomitable struggle for national independence. He described President Ho Chi Minh as an immortal symbol of 20th-century national liberation movements, whose legacy continues to inspire leftist parties, progressive movements, and peoples across Latin America, including Venezuela.

Vietnam proposes key cooperation orientations at BRICS Foreign Ministers' Meeting

Vietnam proposes key cooperation orientations at BRICS Foreign Ministers' Meeting

Deputy Foreign Minister Nguyen Minh Hang shared Vietnam’s approach to building an independent and self-reliant economy linked to deep international integration, while proposing several key areas for enhanced cooperation between BRICS and partner countries at the Expanded BRICS Foreign Ministers' Meeting that opened on May 14 in India.

Vietnam asks parties to respect its sovereignty over Truong Sa

Vietnam asks parties to respect its sovereignty over Truong Sa

PSNews - The spokesperson stated that the dispatch of personnel by relevant parties to features belonging to Truong Sa without Vietnam’s permission constitutes a violation of Vietnam’s sovereignty under international law. She stressed that such actions run counter to the Declaration on the Conduct of Parties in the East Sea (DOC) as well as ongoing efforts by countries to negotiate a Code of Conduct in the East Sea (COC).

Hanoi to host ASEAN Future Forum 2026 in mid-June

Hanoi to host ASEAN Future Forum 2026 in mid-June

PSNews - Vietnam’s proposals placed the highest priority on ensuring a peaceful and stable environment conducive for continued sustainable development and improving the well-being and happiness of the ASEAN people. They were praised by member states and incorporated into the core contents of the ASEAN Leaders’ Statement on the response to the Middle East crisis.

Vietnam promotes cooperation with United Nations on crime prevention

Vietnam promotes cooperation with United Nations on crime prevention

Vietnam highly values the support of the United Nations Office on Drugs and Crime (UNODC) in strengthening national capacity in crime prevention and criminal justice, drug control, and addressing emerging challenges, particularly cybercrime, said Ambassador Vu Le Thai Hoang.

Party, State leader calls for consolidation of central steering committees on legal, judicial reform

Party, State leader calls for consolidation of central steering committees on legal, judicial reform

Consolidating the central steering committees for institutional and legal reform and for judicial reform is necessary in order to streamline organisational structures without reducing responsibilities, while ensuring clear accountability, measurable outputs and concrete results. Following the restructuring, the body will be renamed the central steering committee for institutional improvement and law enforcement, with the Party General Secretary and State President serving as its head.

Vietnam strives for substantive outcome at NPT review conference

Vietnam strives for substantive outcome at NPT review conference

At the meeting this week, Ambassador Viet briefed the UNGA President on developments during the first two weeks of the conference. He stressed that the current international geopolitical landscape poses numerous complex challenges, while reaffirming Vietnam’s determination, together with other member states, to promote substantive and balanced outcomes at the conference.

Top leader of Vietnam receives Vientiane official in Hanoi

Top leader of Vietnam receives Vientiane official in Hanoi

The host leader stressed that cooperation between localities, particularly between the capitals of Hanoi and Vientiane, plays an especially important role as a pioneering force in effectively implementing the foreign polices of the two Parties and States, while also serving as a bridge between politics and development, as well as between strategy and concrete action.