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VIETNAM PEOPLE’S ARMY BUILDS REGULAR, ELITE, AND MODERN FORCES

22/12/2024 03:00


GLORIOUS TRADITION OF THE VIETNAM PEOPLE'S ARMY

22/12/2024 02:00


VIETNAM NEEDS 14 BILLION USD TO DEVELOP EV CHARGING STATIONS

21/12/2024 21:00


INDONESIA SECURES 7,4 BLN USD NEW INVESTMENTS FROM CHINA

21/12/2024 13:01


INVESTMENT PROJECTS IN CAMBODIA INCREASE BY 50% IN 2024

21/12/2024 13:00
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POLITICS




PM HOPES FOR MORE FRUITFUL VIETNAM-ADB PARTNERSHIP

Vietnam and the Asian Development Bank (ADB) have cooperated fruitfully over the
past 30 years, and their cooperation is expected to grow further in the next
three decades, Prime Minister Pham Minh Chinh said on March 13.

March 13, 2024 at 14:55:00
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Prime Minister Pham Minh Chinh (left) and ADB President Masatsugu Asakawa at the
celebration. (Photo: VNA)
Hanoi (VNA) – Vietnam and the AsianDevelopment Bank (ADB) have cooperated
fruitfully over the past 30 years, andtheir cooperation is expected to grow
further in the next three decades, PrimeMinister Pham Minh Chinh said on March
13.

Addressing a ceremony in Hanoi marking the 30 years ofthe partnership, the PM
appreciated the bank’s support toVietnam, especially in infrastructure
development, poverty reduction, educationand health care, particularly in
remote, border and island areas.

It is the ADB that has inspired other partners tocooperate and support Vietnam
in development, he stressed.

As a developing country with an evolving economy, amodest economic scale, and
limited resilience to shocks, Vietnam needs bothfinancial aid and policy
consultation from the bank, as well as its assistancein institutional building
and perfection, especially the institution for the socialistmarket-oriented
economy, Chinh said.

He suggested the two sides choose specific,focused, key cooperation programmes
and projects to help Vietnam grow rapidly,sustainably and inclusively, with no
one left behind.

Collaboration priorities should be given to climatechange response, green
transition, digital transformation, green economy,circular economy and sharing
economy, along with emerging sectors likesemiconductors, artificial intelligence
(AI), big data, and new energy, theleader suggested.

According to a report presented at the event, the ADB hasfinanced about 600
programmes and projects in Vietnam with total funding ofnearly 18 billion USD,
covering agriculture, rural areas, education, healthcare, energy and urban
infrastructure.

It has also provided 6.45 billion USD for tradetransactions through commercial
banks in Vietnam.

During the fight against the COVID-19 pandemic, the ADBgranted non-refundable
aid worth hundreds of millions of US dollars to helpVietnam purchase protective
equipment, upgrade medical equipment, churn out pharmaceuticalproducts, and
support small and medium-sized and women-led businesses.

Earlier the same day, PM Chinh received ADB President MasatsuguAsakawa, who is
in Vietnam for the celebration.
 
The PM affirmed that the Vietnamese government alwaysconsiders the ADB an
important, close and reliable development partner, and attributedVietnam’s
achievements to the bank’s effective cooperation and support.

For his part, Asakawa emphasised that the ADB alwayspays attention to and
supports Vietnam in socio-economic development, andwishes to work together with
the country to launch result-oriented cooperationprojects.

The bank can provide financial aid for Vietnam toimplement projects in green
transition, energy transition and infrastructure, andhelp the country in
emerging industries, he said, suggesting the Vietnamesegovernment work to speed
up the implementation of cooperation projects.

Lauding ADB's efforts in mobilising resources of up to3 billion USD for about 23
projects in Vietnam in the 2023 – 2026 period, the PMcalled on the ADB to
coordinate with Vietnamese ministries and agencies to quicklyput in place
specific projects in 2024.

He also proposed the establishment of a joint workinggroup to push ahead with
capital cooperation and policy support for Vietnam./.
VNA

#Vietnam #ADB #Prime Minister Pham Minh Chinh #ADB President Masatsugu Asakawa
#Vietnam #VietnamPlus #Vietnam news

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☕ AFTERNOON BRIEFING ON DECEMBER 20

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The following is a brief review of the day’s events as reported by the Vietnam
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80TH ANNIVERSARY OF VIETNAM PEOPLE’S ARMY OBSERVED IN ROK, MYANMAR

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The Presidential Office on December 20 announced the President’s order to make
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