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Ho Chi Minh City, World Bank work to intensify partnership

Ho Chi Minh City, World Bank work to intensify partnership

The meeting between HCM City and WB officials on March 23. (Photo: VNA)   

NDO/VNA – Chairman of the Ho Chi Minh City People’s Committee Phan Van Mai had a meeting with visiting World Bank (WB) Regional Vice President for East Asia and Pacific Manuela V. Ferro on March 23 to discuss ways for enhancing cooperation.

The host official appreciated the WB’s effective assistance to Vietnam, including Ho Chi Minh City, in terms of financial provision, governance experience sharing, and development plan making.

He spoke highly of the major projects the WB has been implementing and asked the lender to continue working with the city to accelerate their progress.

As Ho Chi Minh City has basically put the COVID-19 pandemic under control and begun economic recovery, it wishes to receive more sharing and support from the WB in efforts to promote the pandemic control and socio-economic development, he noted, adding that the city hopes to step up bilateral cooperation.

The two sides have been setting up a joint working group to devise cooperation strategies, identify priority areas, and propose potential cooperation projects and programmes for the long term. Ho Chi Minh City pledges to create conditions for the joint working group to operate fruitfully, thus helping to develop bilateral ties in a practical manner, according to Mai.

Highly valuing Ho Chi Minh City’s role in the Vietnamese economy, Ferro affirmed that the WB is proud to help with designing a new growth driver for Ho Chi Minh City to become a modern and worth-living city.

It hopes to continue accompanying the city during the process of socio-economic development through sustainable development programmes and projects, she said, pledging support for Ho Chi Minh City in not only finance and funding but also other fields like health care, pandemic containment, tourism, and human resources development.

As many other cities around the world are facing challenges similar to those of Ho Chi Minh City, the WB is ready to connect the southern largest economic hub of Vietnam with typical foreign cities to exchange experience in dealing with those challenges, she suggested.

The WB Regional Vice President recommended Ho Chi Minh City pay more attention to promoting investment, create an investment climate attractive to foreign businesses which are planning to shift to Vietnam, and step up attracting private resources to priority areas.

The WB will continue working closely with Ho Chi Minh City and boost the joint working group’s coordination to identify priority areas, effective measures, and feasible action plans, Ferro added.

At the meeting, Ho Chi Minh City and the WB debuted their joint working group, led by Vice Chairman of the municipal People’s Committee Vo Van Hoan.

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