On June 26, 2018, at the headquarters of the State Bank of Vietnam (SBV), Governor Le Minh Hung had a meeting with Ms. Victoria Kwakwa, Vice President for East Asia and Pacific of the World Bank (WB). Also attending the meeting were representatives from the International Cooperation Department, the Monetary and Financial Stabilization Department and the SBV Office.
At the meeting, Governor Le Minh Hung welcomed WB Vice President Victoria Kwakwa back to Vietnam to attend the 6th Global Environment Fund (GEF) Assembly, which will be taken place in Danang on June 27, 2018, and have a meeting with the SBV.
Governor Le Minh Hung praises the WB’s support for Vietnam
The SBV Governor spoke highly of the effective and practical cooperation between Vietnam and the WB in general and between the SBV and the WB in particular. He said that the WB has always been one of the largest international donors in Vietnam. The WB’s support for Vietnam has focused on areas such as poverty reduction, infrastructure investment, banking and finance. Along with the financial support, the WB has provided a range of support regarding technical and policy consultancy for Vietnam. The WB’s support has made important contributions to the socio-economic development in Vietnam, helping Vietnam to change from a low-income country to a middle-income one.
For her part, Ms.Victoria Kwakwa, WB Vice President for East Asia and Pacific, thanked Governor Le Minh Hung for his hospitality. Praising the results of Vietnam's recent socio-economic development, she discussed with the SBV Governor the measures of strengthening the cooperation relationship between Vietnam and the WB in the coming time, including the mobilization and the orientations for the use of preferential loans (IBRD) in the context of Vietnam’s graduation from IDA and other sources of support.
Ms. Victoria Kwakwa speaks highly of the encouraging results of Vietnam over the past time
In addition, the two sides also exchanged their views about solutions to the development of financial inclusion in Vietnam, the acceleration of the disbursement of on-going programs and projects (especially projects concerning essential infrastructure, renewable energy, etc.), the improvement of the effectiveness of the use of loans by the Government of Vietnam, the ability to access new financial products in line with the context, conditions and priorities for Vietnam, etc.
Governor Le Minh Hung expressed his sincere thanks to the WB for its support for Vietnam over the past time, and affirmed that the WB has always been an important strategic partner in the restructuring and reform of the banking system. At the same time, he hoped that the WB will further strengthen the cooperation relationship and support for Vietnam in the context of Vietnam’s graduation from IDA.
Le Hang