WB Policy Council contributes to Vietnam’s socio-economic development: official | Policy

Nguyen Xuan Thang (right), member of the Politburo, chairman of the Ho Chi Minh National Academy of Politics (HCMA) and Chairman of the Central Theory Council, and Chief Operating Officer of WB, Axel van Trotsenburg. (Photo: VNA)

Hanoi (VNA) – The world Bank (WB) Policy Advisory Services have contributed significantly to socio-economic development and achieving development goals in Vietnam, said Politburo member Nguyen Xuan Thang, president of the Ho Chi Minh National Academy of Politics (HCMA) and chairman of the Central Theoretical Council, on July 19.

During a working session with World Bank Chief Operating Officer Axel van Trotsenburg in Hanoi, Thang said Vietnam always regards the bank as a good friend and an important development partner.

He thanked the bank for providing resources that also cover scientific research studies, and its macro-political advice for the Vietnamese government in implementing the resolution adopted at the 13th National Party Congress.

Thang praised the World Bank’s support to Vietnam in developing the Vietnam 2035 report and suggested the bank consider cooperation with local strategic research units, including the HCMA, in drafting the report. Vietnam 2045 report.

The official also called for further assistance from the bank in strategic infrastructure development, sustainable development, green growth, gas emissions and climate change response.

Van Trotsenburg, for his part, said he was impressed by the solutions adopted by the Vietnamese government to achieve its goals and their results, including macro management and the harmonious combination of different tools such as fiscal and monetary policies.

Vietnam has seen strong growth, he said, asking Vietnam to share its development experience with other countries and contribute more to handling global issues.

He said the HCMA and WB have many opportunities for cooperation in staff training, and the bank is ready to share its experience and knowledge in areas such as finance, healthcare, containment of the pandemic, adaptation to climate change, green growth and digitization.

Regarding the Vietnam 2045 report, van Trotsenburg highlighted the important role of academy experts in compiling the report to make Vietnam a high-income developed nation at that time./.