PM Phuc made the statement while receiving Country Director for the WB in Vietnam Ousmane Dione in Hanoi on Wednesday, reported the Vietnam News Agency.
The Government leader remarked that Vietnam has close and effective ties with major financial institutions in the world, including the WB. Therefore, he requested the world lender to offer its consultancy to the Government during its course of development.
He said that the country recorded robust economic growth and improved standards of living last year amid global complexities.
Meanwhile, Dione spoke highly of Vietnam’s positive achievements, despite the significant economic fluctuations in the world market.
The WB official also hailed the Government for its cooperation with and support of the bank in executing joint projects in Vietnam, adding that projects that used nonpreferential loans from the bank’s International Development Association (IDA) have been submitted to the WB leadership.
He pointed out that 2020 is the last fiscal year for Vietnam to use IDA loans and that the WB and some Vietnamese ministries and agencies have reached an agreement to complete five major projects. He called for the Government’s cooperation in the execution of these projects.
The official also urged the Government to spend the loans from the International Bank for Reconstruction and Development, under the WB, on developing critical infrastructure, supporting Vietnam’s poor regions and helping its urban areas become a catalyst for growth in the region.
Dione said the WB appreciated Vietnam’s attendance at and contribution to its recent Spring Meetings, jointly held by the International Monetary Fund and World Bank Group, as it reflected Vietnam’s role in its cooperation with the financial institution.
He also presented to the PM the latest WB reports on Vietnam’s socioeconomic issues. He said the WB Office in Vietnam is preparing important reports to assess its cooperation with Vietnam over the past 25 years and set out future orientations.
In response, Phuc stated that he would assign the concerned ministries and agencies to study these reports and chair meetings with the relevant agencies to make specific decisions on the projects.