Deputy Prime Minister Ho Duc Phoc proposed the World Bank (WB) to expand support for Vietnam in infrastructure, clean energy, digital transformation and climate change adaptation, during a reception for Mr. Carlos Felipe Jaramillo, WB’s Vice President for the East Asia and Pacific Region, in Hanoi, on November 26.
He also recommended to strengthen cooperation in logistics, urban development, and data governance.
He also suggested cooperation on ODA and concessional loans through new development finance instruments for transport infrastructure and coastal resilience; and the implementation of climate-related loans under a “climate co-benefits” approach.
Mr. Phoc spoke highly of WB’s support for Vietnam over the past years. Since 1993, the WB has consistently been one of Vietnam’s largest international donors.
As of the end of 2024, it had supported Vietnam with 180 programs/projects totaling over $26 billion, of which approximately $23 billion came loan agreements. These projects have facilitated Vietnam’s strong development, particularly in infrastructure development and technical support in treasury and banking sectors.
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