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| | | Prime Minister Nguyá» n X. uÃ¢n PhÃºc (r) receives WB Vice President for East Asia and Pacific Victoria Kwakwa in HÃ Ná»i on Tuesday. â VNA/VNS Photo Thá»ng Nháº¥t |
HÃ Ná»I â Prime Minister Nguyá» n XuÃ¢n PhÃºc has proposed the World Bank (WB) continue its non-refundable aid for Viá»t Nam in institutional reform, legal framework improvement and economic restructuring.
Receiving WB Vice President for East Asia and Pacific Victoria Kwakwa in HÃ Ná»i on Tuesday, PM PhÃºc applauded the WB officialâs attendance at the World Economic Forum on ASEAN (WEF ASEAN) 2018, saying that this would make an important contribution to the success of the event.
Viá»t Nam always treasured the WBâs support for the country, not only its long-term loans but also policy consultancy to help the Vietnamese Government improve macroeconomic management, he stressed.
The PM added that the Government of Viá»t Nam backed the WBâs plan to increase capital to provide long-term financial resources for its members.
While expressing his gratitude to the WB and Kwakwa personally for arranging assistance for Viá»t Nam, PM PhÃºc urged the WB to continue its assistance to Viá»t Nam in energy and transport development, and help Viá»t Nam build a roadmap for increasing the private sectorâs investment in these areas, thus reducing the leadership role of the Government.
The Vietnamese leader suggested the WB provide consultancy and coordinate with other donors such as the Asian Development Bank (ADB) and the Asia Infrastructure Investment Bank (AIIB) to co-finance Viá»t Nam in the context that the Southeast Asian nation has a strong demand for infrastructure development in the future.
While discussing the outlook for Viá»t Namâs economic growth this year, Kwakwa said that Viá»t Namâs economy had good prospects thanks to positive indicators related to its exports and FDI attraction.
Viá»t Nam was likely to reach a growth rate of 6.8 per cent in 2018, she said, expressing her belief that Viá»t Namâs economic development would continue.
Kwakwa recommended the Vietnamese Government roll out clear policies to help improve confidence among investors and promote the stability of the countryâs macro-economy.
If Viá»t Nam continued to manage its macro economy and curb inflation, it would attract more and more enterprises and investors, she said, suggesting that Viá»t Nam needed to continue removing points that were not in line with international practices in the field of taxation. â VNS