The partnership started in 2012 and will continue until 2026, and is valued at 95 million AUD.

The signing ceremony of the Australia-World Bank Partnership to support Vietnam's development agenda.

The partnership is designed to support Vietnam’s development agenda by providing data, analysis and technical assistance to support policies that are informed, inclusive and sustainable.

Australian Ambassador to Vietnam Andrew Goledzinowski said, “The extension of our partnership with the World Bank comes during our 50th anniversary of Australia and Vietnam’s bilateral relations and demonstrates our ongoing commitment to Vietnamese men and women.”

He added that “For Vietnam to realise its ambition to become a high-income country in 2045, the legislative reform process and strong governance continue to be essential.”

The areas of support are of strategic importance for Vietnam, including institutional reforms, social equity and inclusion, the transition to a low-carbon economy and innovation-driven growth.

“We are grateful that Australia has made available this additional resource to enable our Australia-World Bank Partnership to support Vietnam in this critical stage of its development as the country looks for ways to achieve its aspiration for high-income status in 2045,” said Carolyn Turk, World Bank Country Director for Vietnam.

Over the past five years, the Australia and World Bank partnership has had an impact on more than 58 policies and regulations and helped drive meaningful legislative change.

Recent examples include the Prime Minister’s decision on the Mekong Delta Regional Master Plan for 2021-2030, the Ministry of Labour, Invalids and Social Affairs’ circular on career guidance and job counselling, which is estimated to benefit over 2 million students, and its guidance on the rollout of digital social assistance payments to all 63 provinces with approximately 3.5 million beneficiaries.

The partnership also provided data that helped informed improvements in child-care services for the Labour Code of 2019.

Minister of Agriculture and Rural Development Le Minh Hoan pays working visit to Bac Giang province

(BGO)- On June 4, the delegation of the Ministry of Agriculture and Rural Development (MARD) led by Le Minh Hoan, member of the Party Central Committee, MARD Minister inspected implementation of the National Target Programmes on building new-style rural areas, socio-economic development in ethnic minority and mountainous areas and sustainable poverty reduction in Luc Ngan district and visited some lychee growing models in northern province of Bac Giang.

Prime Minister issues directive to enhances data sharing for e-commerce development

Prime Minister Pham Minh Chinh on May 31 signed Directive No. 18/CT-TTg on promoting data connection and sharing for e-commerce development, preventing tax loss, and ensuring monetary security.

Bac Giang removes obstacles for development of rooftop solar power

(BGO) -  Although development of rooftop solar power helps create an efficient electricity source from natural energy, it has faced several difficulties. Bac Giang province has proposed a number of solutions to encourage and increase the "green" power that suit to the provincial socio-economic growth.

Yen Lu industrial park development project accelerated

(BGO) – On May 23, Vice Chairman of the Bac Giang provincial People’s  Committee (PPC) Phan The Tuan chaired a meeting to review the progress of Yen Lu industrial park development project (Project).

120 trillion VND credit package for affordable housing development

The government recently issued Resolution 33, which features a number of measures to address the difficulties and foster the safe, healthy and sustainable development of the property market, in which a credit package of 120 trillion VND (5.1 billion USD) was proposed to support social housing development.

Source: NDO