 National Assembly Chairman Vuong Dinh Hue receives WB Regional Vice President for East Asia and Pacific Manuela V. Ferro, Hanoi, March 22, 2022. |
She said complex developments forecast for the world in the next 30 years require longer and clearer visions, as well as national strategic orientations, pledging that the WB will provide technical consultations to help Vietnam make strategic decisions and policies.
Chairman Hue said the Vietnamese legislature has amended laws relating to the mobilisation of resources, including those on the supervision of the use of official development assistance (ODA).
The government and the NA have made great efforts to restructure public finance and debt, and gained positive results, he said, adding that the Vietnamese legislative body hopes to cooperate with the bank in this regard.
The top legislator also noted his hope that the WB will maintain its consultation mechanisms with Vietnamese ministries and agencies in seeking ways to raise the efficiency in using loans.
He called on the WB and other development partners to support Vietnam in consolidating its legal system, particularly institutions on economic development amid the Fourth Industrial Revolution and digital transformation.
Mr. Hue also asked for the bank’s technical and policy consultations in such fields as sustainable development, green growth and climate change adaptation, and in fullfilling the commitment to net-zero emissions by 2050 that Vietnam made at the 26th United Nations Climate Change Conference of the Parties (COP26).
NA agencies will organise an annual national economic forum to consult domestic and foreign scientists in policy making, he said, expressing the hope that WB will actively join the process.
Ms. Ferro emphasised that the WB hopes to enhance cooperation with the Vietnamese legislature in the time ahead, and that WB experts are ready to cooperate with the legislative body.
She said the bank is coordinating with Vietnamese agencies to build the Vietnam 2045 report.
Mentioning Vietnam’s commitment at COP26, she affirmed that the WB will help Vietnam integrate the commitment into its development targets in a harmonious, practical and feasible manner.