Donors pledge 7.38 billion USD to Vietnam

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VietnamPlus English - 76 month(s) ago 8 readings

Donors pledge 7.38 billion USD to Vietnam

International donors have pledged 7.38 billion USD in official development assistance (ODA) to Vietnam in 2012.

The commitments were made at the Consultative Group (CG) Meeting in Hanoi on December 6.

The World Bank (WB), Asian Development Bank (ADB) and Japan are the biggest donors. Accordingly, in the fiscal year 2012, WB will provide Vietnam with 2 billion USD, followed by Japan , 1.9 billion USD and ADB, 1.4 billion USD.

At the closing ceremony, Vietnamese Minister of Planning and Investment Bui Quang Vinh said the assistance will help Vietnam accelerate economic restructuring and poverty reduction.

Minister Vinh highly valued the strong support of the international donors, stressing that Vietnam will continue to use the assistance effectively.

World Bank Country Director in Vietnam , Victoria Kwakwa, co-chair of the Consultative Group Meeting of donors, said that 2011 was a difficult year for the Vietnamese economy but it also saw the country’s successes in managing the macro-economy and curbing inflation.

Kwakwa affirmed that the WB and other development partners of Vietnam are willing to support the Vietnamese Government in dealing with global economic challenges, helping the country overcome difficulties and challenges as well as attaining socio-economic development objectives./.

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