The Deputy PM thanked the guest for promoting partnership with Vietnam and supporting its macro-economic development policies.

Apart from policy consultation, the WB has provided Vietnam with official development assistance and preferential loans worth nearly US$24 billion, about US$18 billion of which have been disbursed.

Deputy Prime Minister Vuong Dinh Hue at the event.

He expressed wish to discuss with Goldberg about the strategic partnership between Vietnam and the WB, priorities in socio-economic development strategy for the 2021 – 2025 period, the impact of the global economy on Vietnam, especially amid the current US – China trade tension.

As the size of the Vietnamese economy is small, and its involvement in the global economy is limited, it is necessary to improve competitiveness and move up in the global value chain, he said, adding that he wished to listen to the WB’s forecasts on the issue and acquire suggestions to help Vietnamese firms join the global value chain more deeply.

The host also sought the lender’s recommendations to issues regarding agriculture, rural development and farmers, urban and regional economic development, and regional economic coordination.

Goldberg, for her part, suggested that Vietnam should export processed and high-value products as well as focus on technological innovation in order to further join the global value chain.

Another important point is reforming tertiary education and vocational training, with a focus on training soft skills for students and workers.

Both sides also looked into opportunities and challenges arising from the Fourth Industrial Revolution, policies to facilitate the private sector’s involvement in sci-tech development, and improving workers’ income.

WB helps improve grassroots health services in Vietnam

The World Bank Board of Executive Directors on June 20 approved an 80-million-USD loan to help Vietnam improve basic health service quality and access, especially in disadvantaged areas.

WB helps develop urban infrastructure in Vietnam’s provinces

The World Bank (WB) Board of Executive Directors has approved a 194.36 million USD credit package to help four secondary cities in Vietnam build critically-needed municipal infrastructure and strengthen urban planning, the WB said on June 12.

Expats to run 300km in 36 hours for newborns in Vietnam

Three expats living in Saigon will attempt to run from Hanoi to Lao Cai in 36 hours to raise $30,000 for neonatal care.

WB project helps improve Vietnam’s tertiary education quality

The World Bank (WB) has been carrying out a project on improving the quality of tertiary education at four universities in Vietnam, including the Hanoi University of Science and Technology (HUST) since 2018 to increase their autonomy.

WB pledges to support Vietnam in infrastructure development

The World Bank (WB) is willing to cooperate and support Vietnam in infrastructure development, and wants to share Vietnam’s experience with other countries in this sphere, said WB Vice President for Infrastructure Makhtar Diop. 

Source: NDO