Vietnam vows to effectively use WB aid

Vietnam sincerely appreciates the invaluable assistance the World Bank (WB) has provided in bolstering the national development process, has said Deputy Prime Minister Vu Van Ninh.

At a March 31 reception for visiting WB Vice President for East Asia and Pacific Axel van Trotsenburg in Hanoi, Ninh noted that the country is one of the largest recipients of preferential loans from the WB.

Ninh welcomed the WB official’s return after his most recent in May 2013 while calling for more continued support from his organization, especially when Vietnam is in need of huge financial sources to implement its overall plan on economic restructuring.

For his part, the WB Vice President informed his host about the working results with local officials and the main purpose of his current visit to Vietnam.

He expressed his hope that the Vietnamese Government will continue utilizing WB aid effectively in its national development process in the future.