Party official applauds WB’s country partnership framework
Chairman of the Party Central Committee’s Commission for Economic Affairs Nguyen Van Binh applauded the World Bank (WB)’s building of a Country Partnership Framework for Vietnam for 2017-2022 while receiving WB Country Director Ousmane Dione on April 10.
Chairman of the Party Central Committee’s Commission for Economic Affairs Nguyen Van Binh (R) receives WB Country Director Ousmane Dione (Photo: VNA)
Hanoi (VNA) – Chairman of the Party CentralCommittee’s Commission for Economic Affairs Nguyen Van Binh applauded the WorldBank (WB)’s building of a Country Partnership Framework (CPF) for Vietnam for2017-2022 while receiving WB Country Director for Vietnam Ousmane Dione onApril 10.
At the meeting in Hanoi, Politburo member Binhvalued the WB’s support to Vietnam to make great and firm strides instabilising the macro-economy, maintaining the economic growth, developing thefinancial market, and enhancing integration into the region and the world.
He briefed his guest on the country’s economicsituation, along with some major policies aimed to press ahead with reformingthe growth model and improving growth quality, labour productivity, and theeconomy’s competitiveness.
The Vietnamese Party and Government pursues thegoals of keeping macro-economic stability, increasing growth quality, andaccelerating economic restructuring, he affirmed.
Binh said the strategic orientations in the WB’sCPF, which is a framework for bilateral cooperation, match the developmentorientations set up by the Vietnamese Party, State, and Government.
He asked the WB to include concrete support fromother resources of the bank in the CPF. That will help Vietnam to adapt to theshortage of concessional loans during its graduation from the WB’sInternational Development Association (IDA), and to capitalise on that aid topromote poverty reduction and maintain socio-economic development achievements,especially in disadvantaged areas like the northwestern region.
For his part, WB Country Director Dione said heis impressed with the local socio-economic accomplishments in recent years.
He informed Binh about the basic content,prioritised focuses and the mode of implementation of the CPF, adding that theWB will increase cooperation with and assistance for Vietnam.
The same day in Hanoi, Binh received Ambassador Bruno Angelet, head of theEuropean Union delegation to Vietnam. The two sides discussed economic andtrade cooperation between Vietnam and the EU, and preparation for theratification and enforcement of the EU-Vietnam Freed Trade Agreement (EVFTA).-VNA
Prime Minister Nguyen Xuan Phuc received World Bank CEO Kristalina I. Georgieva in Hanoi on March 23, valuing the WB’s role in Vietnam’s socio-economic development, especially in poverty elimination.
The World Bank continues working with and supporting Vietnam in numerous fields, including climate change adaptation, visiting the bank’s Chief Executive Officer Kristalina Georgieva has assured.
NA Chairwoman Nguyen Thi Kim Ngan hoped the WB continues to assist Vietnam in implementing sustainable development goals during her reception for the bank’s CEO Kristanlina Georgieva in Hanoi on March 23.
Food safety is becoming a great concern for the public, according to a report released by the World Bank in Vietnam during a seminar in Hanoi on March 27.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.