Prime Minister Pham Minh Chinh has proposed the World Bank (WB) focus its low-interest funding on large-scale projects with potential in Vietnam, particularly in the fields of transport, urban development, digital transformation, energy, and climate change response in the Mekong Delta, the Government News has reported.

During a reception for WB Regional Vice President for East Asia and Pacific, Ms. Manuela V. Ferro, in Hanoi on November 14, Prime Minister Chinh recommended the two sides renew cooperative activities with new approaches on a larger scale and enhance public-private partnerships.

Ms. Ferro affirmed that the WB will continue to accompany and assist Vietnam in achieving its goal of becoming a developed, high-income country by 2045.

The WB is actively coordinating with Vietnamese ministries and sectors to identify key projects for future cooperation, with the best possible interest rates considered for the above-mentioned areas highlighted by the government leader, she said.

On the same day, Prime Minister Chinh met with International Finance Corporation (IFC) Regional Vice President for Asia and the Pacific, Mr. Riccardo Puliti, and IFC Vice President and Treasurer, Mr. John Gandolfo.

He proposed that the IFC continue to offer Vietnam resources and investment, particularly in setting up funds to boost the development of the private sector, especially in emerging and high-tech fields such as semiconductors, clean energy, and electric vehicles.

The IFC leaders said they are committed to further supporting Vietnam, especially in promoting its strong development of private enterprises and attracting top investors.