Prime Minister Chinh receives World Bank Director General, US business leaders

Prime Minister Pham Minh Chinh received Director General of the World Bank (WB) Axel Van Trotsenburg and leaders of some US corporations on May 11 (local time) during his working visit to the US.
Prime Minister Chinh receives World Bank Director General, US business leaders
Prime Minister Pham Minh Chinh meets US business leaders. (Photo: VNA)

Meeting with the WB leader, Prime Minister Chinh proposed that Viet Nam and the WB focus their cooperation on energy transition and digital transformation; giant transport infrastructure projects such as expressways and coastal roads; projects coping with climate change in the Mekong Delta and central regions; poverty reduction; and improving healthcare capacity.

He said Viet Nam will soon work with the WB in the country to implement specific projects and Viet Nam will support the WB to implement pilot policies to ensure the most efficiency in loans. The Prime Minister also suggested the two sides continue to simplify procedures and prevent corruption in the implementation of projects.

WB Director General Axel Van Trotsenburg said the bank wants to enhance cooperation with Viet Nam during the post-pandemic recovery and development process, particularly in the context that the global recovery is meeting difficulties due to tensions and conflicts in some areas, materials’ price hike and increasing inflation in many countries while national resources reduced during the pandemic prevention and control.

Prime Minister Chinh receives World Bank Director General, US business leaders
Prime Minister Pham Minh Chinh (R) receives WB Director General Axel Van Trotsenburg. (Photo: VNA)

Stressing the viewpoint of multilateral cooperation to deal with challenges, he said Viet Nam needs to balance between the huge energy demand for development and sustainable development requirements.

Agreeing with the Prime Minister on the fields of cooperation, he affirmed that the WB attaches great importance to supporting Vietnam in the process of becoming an upper-middle-income country and reaching higher steps in production value.

Receiving Marc Allen, Chief Strategy Officer and Vice President of Strategy and Corporate Development of Boeing Company, Prime Minister Chinh said Viet Nam will focus on strongly developing the aviation sector in the future and Boeing can participate in developing the aviation ecosystem of Viet Nam.

Prime Minister Chinh receives World Bank Director General, US business leaders
Prime Minister Pham Minh Chinh receives Chief Strategy Officer and Vice President of Strategy and Corporate Development of Boeing Company Marc Allen. (Photo: VNA)

The Prime Minister spoke highly of the cooperation and support from Boeing and voiced his support for the company’s plan to expand facilities in Viet Nam to supply fuels and seek cooperation opportunities in technology.

He proposed the company open maintenance centres in Viet Nam, have long-term cooperation policies as well as provide specific preferential policies to help Vietnamese businesses overcome this difficult time, and make contributions to promoting the cooperation between Viet Nam and the US.

Later the same day, Prime Minister Chinh received leaders of the Asia Group, Blackstone, GenX and AES, who expressed their interest in energy transition projects in Viet Nam and in investing to support Viet Nam realise its COP26 goals in coping with climate change.

The Prime Minister applauded their energy transition proposals and briefed them on a number of issues relating to Viet Nam’s energy development orientations and electricity planning. He asked them to focus research and investment on wind power, solar power and tidal energy, which are energy sources of huge potential in Viet Nam.

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(Source: VNA)