President receives WB Vice President for East Asia and Pacific
State President Nguyen Xuan Phuc hosted a reception in Hanoi on June 29 for World Bank (WB) Regional Vice President for East Asia and the Pacific Victoria Kwakwa who is on a working trip to Vietnam.
State President Nguyen Xuan Phuc (R) and WB Regional Vice President for East Asia and the Pacific Victoria Kwakwa (Photo: VNA)
Hanoi (VNA) – State President Nguyen Xuan Phuc hosted a reception in Hanoi on June 29 for World Bank (WB) Regional VicePresident for East Asia and the Pacific Victoria Kwakwa who is on a working trip to Vietnam.
Hailing Kwakwa for herdedication to promoting effective cooperation programmes between WB andVietnam, Phuc affirmed that the Vietnamese State and people always highly valueher efforts and contributions in the field.
The WB has assisted Vietnam not only in poverty reduction but also in the building of mechanisms and strategicinfrastructure framework over the past years, thus helping Vietnam make breakthroughstrides, which have been welcomed by the WB and international organisations, hesaid.
Phuc thanked the WB for supporting Vietnam’s bid to delay the payment of InternationalDevelopment Association’s loans in order to have more resources for the fight againstCOVID-19 and for economic development. He also lauded the WB’s initiatives toassist countries in the COVID-19 fight, including Vietnam.
Kwakwa, for her part, congratulated Vietnam on curbing the COVID-19 spread. Atthe same time, the country also harmoniously combined fiscal and monetary policiesto generate strong economic growth, becoming one of a few nations with positivegrowth in the region and achievements in export.
Underlining theimportance of vaccinations, she also committed all possible support to Vietnamto buy vaccines and offer health care to its people.
About Vietnam’s socio-economic development orientations, Kwakwa said Vietnamhas devised a relatively complete development policy framework, especially regardingthe development of key economic zones, digital transformation, inclusivedevelopment, climate change response and green growth, which are strategicinfrastructure for Vietnam to become an upper middle-income country by 2045.
The guest also spoke highly of Vietnam’s efforts to realise the climate changeresponse strategy in the Mekong Delta and reduce greenhouse carbon emissions.She suggested Vietnam pay more attention to reducing coal-fired power development andswitching to cleaner and greener energy production.
The host wished that the WB would continue assisting Vietnam in fulfillingdevelopment goals till 2035 and 2045, as well as addressing post-pandemic povertyrelapse in countries, including Vietnam.
Phuc discuss🌊ed with the WB official measures to fix shortcomings in building projects anddisbursing official development assistance (ODA) in Vietnam, and proposed Kwakwa seek more ODA to Vietnam in the time to com🗹e./.
Vietnam needs to pay special attention to promoting development of industrial production and retail as both sectors may continue to be affected by COVID-19 outbreaks, according to the World Bank (WB).
Minister of Labour, Invalids and Social Affairs Dao Ngoc Dung proposed the World Bank continue to help Vietnam in addressing core issues in social welfare, poverty reduction, and in narrowing the gap between regions at his meeting with WB Country Director for Vietnam Carolyn Turk on June 17.
The World Bank (WB) is a very important development partner, which always supports and actively contributes to Vietnam’s socio-economic development, Prime Minister Pham Minh Chinh has said.
The launch of Thanh Nien (Young People) newspaper in 1925, even before the founding of the Communist Party of Vietnam, is considered a testament to President Ho Chi Minh’s strategic foresight and strong belief in the guiding power of the revolutionary media.
New Zealand is currently one of Vietnam’s most important partners in the region, marked by a high level of political trust, strong and reliable defence and security cooperation, and increasingly open economic, trade, and investment ties.
Party General Secretary To Lam stressed that the Central Public Security Party Committee must be fully aware of the extremely important role of the People's Public Security force in the country's new revolutionary phase, so as to guide each branch and level of the force as the nation undergoes transformation.
Addressing concerns over university education spending, Son explained that as public universities gain greater autonomy, the Ministry of Finance has scaled back recurrent state funding. “Over the past decade, as autonomy has increased, the State's support has steadily declined”, he noted
Lao Minister of Foreign Affairs Thongsavanh Phomvihane affirmed that the presence of Vietnamese press offices in Laos vividly demonstrates the great friendship, special solidarity, and comprehensive cooperation between the two nations, as the press is not only a means of communication but also an important bridge for spreading consciousness about the history, values, and strategic depth of the Laos – Vietnam relationship to the people of both countries and the international community.
The country is willing to participate in collective efforts to promote cooperation and mobilise resources to advance the current priority issues of developing countries, such as trade, investment, infrastructure connectivity, making the most of scientific and technological advances for development, and people-to-people exchanges, Hang said.
During the negotiations, the US highly evaluated Vietnam’s goodwill and efforts, affirmed its appreciation for the bilateral relationship, acknowledged Vietnam’s proposals and concerns, and considered these an important basis for continuing discussions and moving towards a final agreement.
The Chairman stressed the need for stricter fiscal discipline, faster digital transformation, and more efficient management of State budget revenues and expenditures.
The ministry has instructed Vietnamese representative agencies in Israel, Iran, as well as those in neighbouring countries, to closely monitor the situation and request local authorities to ensure absolute safety for Vietnamese citizens living, studying, and working in high-risk areas.
Senior Vietnamese leaders on June 19 sent letters of congratulations to New Zealand leaders on the occasion of the 50th founding anniversary of Vietnam – New Zealand diplomatic relations (June 19, 1975 – 2025).
The Party chief attributed the achievements in the first half to the continuous, direct, and comprehensive leadership of the Politburo and the Secretariat of the Party Central Committee, and the close and effective coordination of relevant ministries, sectors and localities.
General Nguyen Tan Cuong, Chief of the VPA’s General Staff and Deputy Minister of National Defence reaffirmed Vietnam’s unwavering gratitude for Cuba’s invaluable support during its struggle for independence and nation-building efforts, and pledged to stand shoulder-to-shoulder with Cuba as it navigates current challenges.
Vietnam is a country with which Russia shares a special relationship. In the 1950s and 60s, particularly during Vietnam’s struggle for independence, the two countries forged a deep bond. While much has changed over time, the friendship and cooperation between our nations have endured, said Russian President Vladimir Putin.
For 50 years, Vietnam and New Zealand have worked together to uphold peace and prosperity for their peoples and the region. The friendship, cooperation, and mutual understanding Vietnam and New Zealand nurtured have grown from a seed into a deeply rooted, strong, and thriving tree, she stressed.
Since the Strategic Partnership was established in 2020, Vietnam and New Zealand have witnessed steady growth in the relations. Beyond the remarkable 40% increase in bilateral trade over five years, political relations and multilateral interactions, particularly within the CPTPP framework, have remained highly positive.
Known as the “four pillars for Vietnam’s ascend”, the Pobiburo's Resolutions 57, 59, 66, and 68 focus on cultivating a robust national entrepreneurial spirit, unlocking resources for innovation across society, and accelerating the development of digital economy, knowledge-based economy, green economy, and circular economy, propelling Vietnam forward rapidly and firmly on the path of modernisation and international integration.
Minister of Finance Nguyen Van Thang cleared up deputies' concern regarding how to spur socio-economic growth, renew traditional growth motives and establish new momentum for development.
Vietnam proposed several priorities: narrowing the digital divide, strengthening women’s leadership in the digital economy and AI governance, and mobilising sustainable financing for gender equality initiatives in line with each country’s national priorities and context. Vietnam also advocated for genuine women’s participation and leadership across all areas of public life.
State President Nguyen Xuan Phuc (R) and WB Regional Vice President for East Asia and the Pacific Victoria Kwakwa (Photo: VNA) 
