(VOVWORLD) -Deputy Prime Minister Tran Luu Quang lauded the World Bank (WB) for its continued support in mobilizing funding for development projects in Vietnam. His remarks came at a reception in Hanoi on Wednesday for WB Country Director Carolyn Turk.
 Deputy Prime Minister Tran Luu Quang (R) and WB Country Director Carolyn Turk meet in Hanoi on March 13, 2024. (Photo: VNA) |
Deputy PM Quang proposed that both sides cooperate closely in addressing strategies for implementing WB-funded projects. Vietnam initiated the negotiations and the signing of a framework agreement to harmonize procedures between Vietnam and the WB, with a specific focus on compensation, land clearance, and complaint settlement mechanisms.
Director Turk expressed the WB’s willingness to engage in further discussions with Vietnam regarding this proposal.
Since 1993, the WB has allocated about 25 billion USD in concessional loans to Vietnam, along with technical assistance and policy consultation, contributing significantly to national socioeconomic development.