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| At the Consultative Group (CG) Meeting for Vietnam 2009, PM Nguyen Tan Dung states that Vietnam values every coin of ODA source, Hanoi, December 3, 2009 – Photo: VGP |
Speaking to international donors, PM Nguyen Tan Dung on Thursday emphasised that ODA is an essential resource which will be further effectively used by Vietnam.
The Consultative Group (CG) Meeting for Vietnam was opened on Thursday morning under the theme “Regaining rapid and sustainable economic growth, attracting nearly 500 participants representing the business circle, governmental agencies, donors, and mass media. The two-day event focuses its discussions on such practical topics as sustaining macro-economic stability, reforming State-owned enterprises; sustainable poverty alleviation; administrative reforms; modernising public services; environment protection and climate change; and anti-corruption.
ODA: an important resource
Briefing Vietnam’s socio-economic situations in 2009, PM Nguyen Tan Dung highlighted the role of ODA in socio-economic development. ODA has really become an important resource for the Government of Vietnam to build up and perfect socio-economic infrastructure, consolidate institutions, better social affairs, protect environment, promote rural development. Especially, the poverty rate was sharply slashed from 58% in 1992 down to 11% this year. “The Government and people of Vietnam highly appreciate enormous support and assistance of the international community,” said PM Dung. It is estimated that the total ODA commitment for 2009 reaches US $5.85 billion and that Vietnam can disburse a record figure of about US $3 billion this year, up 59% compared to 2008.
More fruitful use of ODA
In his speech, PM Dung reaffirmed Vietnam’s strong commitment to more effective use of this valuable capital source.
“Vietnam will continue to improve its business and investment climate in order to push up production and business activities, foster export and expand domestic markets," he reiterated.
Vietnam also pledges to sharpen efficiency of State management, create breakthroughs in administrative reforms, perfect its market economy regime, build a fair competitive playground, and accelerate anti-corruption and anti-prodigality.
The Government will adopt reasonable assistance policies to stimulate medium and long-term economic development, restructure the national economy and raise quality and competitiveness of products, enterprise and the entire economy, so as to ensure the growth rate of 6.5% in 2010.
PM Dung underlined that Vietnam always values each coin of ODA resource and realises its commitments to donors with a high sense of responsibility.
Talking of climate change, the Vietnamese leader hoped to get more assistance from the international community for Vietnam to cope with negative impacts of climate change and sea level rise.
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The Consultative Group (CG) Meeting for Vietnam 2009 opens in Hanoi on December 3, 2009 – Photo: VGP |
Vietnam’s efforts acknowledged
At the CG Meeting, Mrs. Victoria Kwakwa, WB Country Director in Vietnam, asserted that in 2009, Vietnam has managed to survive the global economic recession and maintain a fairly high growth rate.
She urged donors to join hands with Vietnam in bettering its investment environment, so that the country is still an attractive destination for foreign investors.