VN owns abundant opportunities for fast economic growth

WB Chief Executive Officer Kristalina Georgieva

The lender's CEO made remarkable remarks during her recent three-day official tour of Viet Nam.

In 2017, Viet Nam was forecast to make a growth rate of around 6.5-6.7%. The rate was extremely impressive as almost all other countries suffered from an economic slowdown, low investment, and low growth rate, at around 2.3%. The WB stands ready to support Viet Nam to achieve its aspiration to become a modern and industrialized country by 2035.

Ms. Kristalina Georgieva assessed that Viet Nam owned abundant opportunities for fast and more competitive economic growth by ensuring macro-economic stability and pursuing reforms in SOEs, banking system, and private economy.

The WB leader recommended Viet Nam enhance investment efficiency and offer more financial resources for the private economic sector.

Noticeably, the WB CEO praised the Vietnamese Government’s effort in public debt management.  

On the first trip to Viet Nam, CEO Kristalina Georgieva met with PM Nguyen Xuan Phuc and Naional Assembly Chairwoman Nguyen Thi Kim Ngan. In these meetings, she affirmed the WB’s commitments to supporting socio-economic development in Viet Nam; highlighting the significance of public investment in human resource development.

The CEO also met with development partners and representatives of social organizations in Viet Nam to figure out solutions to development issues, including climate change and urbanization growth.

So far, the WB is implementing 49 programs and projects in Viet Nam with a total registered capital of US$ 49 billion on such area as infrastructure, agriculture, human resource development, economic management reform, and finance./.

By Kim Loan