WB helps VN use ODA effectively

10:34 | 10/04/2015

VGP – The World Bank (WB) is ready to assist Viet Nam in using the Official Development Assistance (ODA) effectively.

Photo: VGP

WB Country Director Victoria Kwakwa made the statement on April 9 at her working session with head of the Party Central Committee’s Economic Commission Vuong Dinh Hue.

The WB is doing research on a strategy on the ODA and will provide more assistance for Viet Nam in dealing issues related to the source of capital, she added.

At the working session, the Economic Commission proposed seven cooperative fields with the WB in 2015 including institutions and policies to renovate, develop and improve the effectiveness of businesses in the context of restructuring the economy, proposing guidelines and policies on regional and inter-regional economic development, national industry policy.

The other areas include the manufacturing development strategy for the national industrialization and modernization till 2025, with a vision to 2035; agricultural mechanization strategy, developing rural economy with new rural establishment in Viet Nam, institutions and policies to promote tourism and culture, and Viet Nam’s population change and polices for sustainable development.

By Thuy Dung