JavaScript is off. Please enable to view full site.

Vietnam’s premier, World Bank official talk financial reform

Friday, February 13, 2015, 17:36 GMT+7
Vietnam’s premier, World Bank official talk financial reform
WB Country Director for Vietnam Victoria Kwakwa is seen in this file photo.

Vietnam’s Prime Minister Nguyen Tan Dung has thanked the World Bank (WB) for its support for the country’s reform of financial and banking sector, and affirmed that the sector will always stick to relevant international standards.

>> Vietnam clinches $500mn loan deal with World Bank on energy support

PM Dung extended his thanks and affirmation at a meeting with WB Country Director for Vietnam Victoria Kwakwa in Hanoi yesterday, according to the Vietnam News Agency.

He suggested that the WB evaluate Vietnam’s business environment and help identify sectors that need to be further reformed. The Vietnamese government chief told his guest that Vietnam is accelerating the equitization of state-owned enterprises (SOEs) to help them adapt to a market economy and improve their business efficiency. The PM also hailed the WB’s assistance to the Ministry of Planning and Investment in devising a public-private partnership (PPP) decree and pledged to ratify the document soon. He also asked the bank to support the Long Thanh-Dau Giay-Phan Thiet expressway project, which is considered a model for other PPP deals in the future.

PM Dung also told his guest that the Vietnamese government had partnered the Dutch government in designing a plan to cope with rising sea level in the Mekong Delta. The central government has also worked out a strategic masterplan for climate change, he added. PM Dung also highly appreciated the US$300 million in aid recently provided by the WB for climate change mitigation in Vietnam. He expressed his hope that the bank would continue supporting Vietnam’s project to plant protective forests in coastal areas. For her part, Kwakwa said Vietnam has gained achievements in streamlining administrative procedures, including those related to taxation and social insurance. The WB official pledged that the bank would stand with Vietnam as it improves its macro-economic policies.

Like us on Facebook or follow us on Twitter to get the latest news about Vietnam!

Tuoi Tre News


Read more




Experience summer sand-boarding in Mui Ne

Sand-boarding, a popular activity amongst local children in the coastal tourism town of Mui Ne in south-central Vietnam, is attracting hundreds of tourists to the Red Sand Dunes

Young maple trees given better protection as Hanoi enters rainy season

The trees are currently growing well, with green leaves and healthy branches.

Hunting skinks for food in southern Vietnam

Skink meat is known to be soft, tasty, and highly nutritious.

Vietnamese-made app allows people to grow real veggies via smartphone

Nguyen Thi Duyen, a young engineer in Hanoi, developed the app and its related services to help busy people create their own veggie gardens.

Chinese tourists hit by Vietnamese over dine and dash

Four Chinese were reportedly injured, with one having a broken arm.

Latest news