The International Finance Corporation (IFC) will continue its support to Vietnam, especially in green growth, climate change response and increasing productivity in the private sector, IFC Vice President for Asia and Pacific Garcia Mora pledged on April 15.
Deputy Prime Minister Le Minh Khai (right) and IFC Vice President for Asia and Pacific Alfonso Garcia Mora (Photo: VNA)
HCM City (VNA) – The International FinanceCorporation (IFC) will continue its support to Vietnam, especially in green growth,climate change response and increasing productivity in the private sector, IFC VicePresident for Asia and Pacific Alfonso Garcia Mora pledged on April 15.
At a working session with Deputy Prime Minister LeMinh Khai in Ho Chi Minh City, the IFC Vice President said Vietnam is one ofthe top recipients of the IFC's capital.
He also commended Vietnam’s economic management overthe past two years when the COVID-19 was ravaging, saying the country postedpositive growth in 2021 and controlled inflation quite well amid increasinginflation globally.
For his part, Khai lauded the IFC’s role in Vietnam’ssocio-economic development, notably in issues regarding policy making and humanresources for development, with attention paid to the private sector.
The official said Vietnamese localities need huge developmentinvestments, particularly for infrastructure building. Therefore, the supportfrom such international organisations as the IFC would ease the burden of publicdebt.
Khai suggested Mora hold working sessions with localitieslike HCM City, Hai Phong and Thanh Hoa during his trip to assist a number ofpublic-private partnership (PPP) projects and help the localities accesslong-term financing for infrastructure development.
Vietnamese agencies will continue to closelycoordinate with the IFC office in the country to enhance cooperation betweenthe two sides in the time ahead, he said.
The official also called on the IFC to furtherassist the Government in implementing Vietnam’s commitments at the 26th UnitedNations Climate Change Conference of the Parties (COP26), which, he said,requires large funding.
He also suggested the IFC continue its coordinationwith the State Bank of Vietnam in the implementation of the project on bankrestructuring and bad debt settlement./.
The International Finance Corporation (IFC) has committed 30 million USD to the construction of a waste-to-energy plant in the northern province of Bac Ninh as part of support for Vietnam to help it reach net-zero carbon emissions by 2050.
After four months, the International Finance Corporation (IFC) and international lenders increased the loan package granted to Southeast Asia Commercial Joint Stock Bank (SeABank), from 150 million USD to 220 million USD in order to maintain the cooperation with SeABank in re-financing SMEs, women-owned businesses and the climate.
Vietnam’s T&T Group and Singapore’s YCH Group have inked a deal with the International Finance Corporation (IFC) on project development to attract capital funding for their inland container depot (ICD) logistics centre in northern Vinh Phuc province.
Vietnam is deeply concerned about the escalating and complex conflict in the Middle East, which poses a serious threat to the lives and safety of civilians, as well as to regional and global peace and stability.
The Vietnamese Embassy advises the Vietnamese community living, studying, and working in Israel to strictly comply with directions from the Home Front Command and local authorities.
Lawmakers are set to vote on revisions and amendments to a broad spectrum of legal frameworks and impactful resolutions during the final week of the 15th NA's 9th session.
The State Committee for Overseas Vietnamese Affairs (SCOVA) has served as a bridge connecting and uniting the community with the homeland, becoming a trusted source of support for Vietnamese expats in times of hardship.
The programme to eliminate temporary and dilapidated houses has achieved notable results, with nearly 263,000 housing units addressed to date, including 225,000 houses inaugurated and 38,000 under construction. Thirty-eight provinces and cities across the nation have already fulfilled their targets.
Stronger efforts and determination are required to achieve and surpass the set targets, especially in the eradication of makeshift and dilapidated houses nationwide, the acceleration of public investment disbursement, and the implementation of nationally important transport projects, PM Pham Minh Chinh noted.
The trip will be made at the invitations of Chinese Premier Li Qiang and WEF President and CEO Børge Brende, according to an announcement from the Ministry of Foreign Affairs.
Long spoke highly of the dynamic, positive, and comprehensive development of Vietnam – Russia relations in recent years. He affirmed that the Vietnamese Party and State place great importance on further strengthening the comprehensive strategic partnership with Russia in a substantive and effective manner, in line with the development needs of both nations.
At the conference, participants reported that the Government has so far issued 28 decrees on the delegation of responsibilities and powers between the central Government and two-tier local administrations. Several localities have already piloted the new governance model.
Reality is the ultimate benchmark for success, he said, urging drafting agencies to work out policies that foster development, reduce bureaucratic hurdles, and respect practical conditions.
Under the official dispatch signed on June 20, ministers, heads of ministerial-level agencies, and chairpersons of provincial and municipal People’s Committees are requested to concentrate efforts on implementing core measures to ensure the smooth operations of the new administrative framework.
The Party chief underscored the need for the press to innovate relentlessly, evolve to keep pace with the country's development, transform into a truly professional, humanistic, and modern sector that serves the cause of the Party, the State, and the people on the path to national construction and development.
The UN Secretary-General praised Vietnam’s remarkable achievements in socio-economic development and international integration in recent years, noting that the country has emerged as a model in implementing the Sustainable Development Goals (SDGs), promoting international peace and security, and engaging in key UN processes.
Nghia affirmed that this is a milestone of special significance, affirming and honouring the the Vietnamese revolutionary press’s glorious tradition of 100 years of serving the revolutionary cause of the Party, serving the Fatherland, and serving the people.
The Party and State of Vietnam always attach great importance to and give top priority to the development of Vietnam–China relations. Vietnam is ready to work with the Chinese Party and State to further deepen the Comprehensive Strategic Cooperative Partnership and promote the building of the Vietnam-China community with a shared future that carries strategic significance.
Under the leadership of President Ho Chi Minh and the CPV, President Cuong said, the press has been a steadfast force on the ideological and cultural front, rallying the masses to pursue national aspirations.
NA Chairman Tran Thanh Man stressed the need to accelerate the application of artificial intelligence and smart teaching equipment, innovate teaching and assessment methods, and further improve the quality of formal education.
He also pledged that the NA will promote its ongoing supervision, making sure that every promise must lead to results, and every commitment must bring about real changes.
Deputy Prime Minister Le Minh Khai (right) and IFC Vice President for Asia and Pacific Alfonso Garcia Mora (Photo: VNA) 
