ID :
34014
Fri, 12/05/2008 - 09:37
Auther :
Shortlink :
http://m.oananews.org//node/34014
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Vietnam pledges efficient use of ODA
Hanoi (VNA) - Prime Minister Nguyen Tan Dung has pledged that Vietnam
will focus on directing and monitoring the use of ODA to further increase
its efficiency.
The top government leader made this pledge at the opening session of the
2008 Consultative Group (CG) meeting in Hanoi on December 4.
" Vietnam honours every penny of ODA and will fulfill its commitments to
donors with a high sense of responsibility," PM Dung said, affirming his
country's high regard of the support and assistance that the international
community has given to Vietnam .
PM Dung highlighted the vital role ODA has played in the country's
socio-economic development since 1993, noting that this source of capital
has helped Vietnam immensely in upgrading its socio-economic
infrastructure.
This capital has also helped Vietnam to achieve results in a wide range
of fields, such as health care, education, institutional reform,
environmental protection, rural development and, particularly, in poverty
reduction, the PM noted.
He held open discussions with the attendees regarding their issues of
concern, speaking at length on the government's monetary policy and measures
to stabilise the macro-economy.
James W. Adams, Vice President of the World Bank, who co-chaired the
meeting, said he was pleased to see the Vietnamese Government's strategies
to rein in inflation and stabilise the macro-economy starting to bear fruit.
He also warned Vietnam of the long-term impacts that could affect the
nation as a consequence of the global financial crisis. He referred to the
need to take action to further assist the poor, as they are the ones
suffering the most during this difficult period, as well as the necessity of
protecting the environment and reforming institutions to ensure a
sustainable growth rate.
The WB official urged the Vietnamese Government to intensify its fight
against corruption, while praising Vietnam for having formulated
programmes to respond to climate change.
On behalf of the donor community, he pledged to willingly help Vietnam
in its efforts to overcome these challenges for the sake of the country's
growth.
Shogo Ishii, representative of the International Monetary Fund, commented
that Vietnam 's mid and long-term economic prospects remain bright on the
back of the Vietnamese Government's pledge to continue implementing reforms.
He suggested that Vietnam speed up structural reforms in banks and
businesses, along with promptly addressing any financial issues and strictly
monitoring the operation of large State-owned businesses in order to improve
its FDI attraction, exports and foreign reserves.
Vietnam should broaden its monetary and financial policies and deal
efficiently with any risks or challenges within its economy in order to
mitigate the effects of the global economic turmoil, Ishii said.
The Asian Development Bank representative and the UN Resident Coordinator
vowed to provide continuous support to Vietnam 's developmental
endeavours.
The 2008 CG meeting, themed "Stabilising the economy and maintaining its
growth potential", will discuss the macro-economy's policies and
environment, the implementation of the 2008 plan and the mid-term of the
five-year 2006-2010 socio-economic development plan, as well as Vietnam's
implementation of the millennium development goals, administrative reform
and the fight against corruption.
The participants will review and assess the implementation of the Paris
Statement and the Hanoi Commitment, and the plan of action to implement the
Accar Action Plan.
During the two-day CG meeting, they are also expected to debate Vietnam's
socio-economic performance and government policies, procedural compatability
and the effectiveness of ODA, public governance and institutional reform, as
well as measures to mitigate the effects of climate change.
"CG meetings have become an important forum for the Vietnamese Government
and international donors to discuss Vietnam 's socio-economic development
policies and strengthen their cooperation and partnership in an effective
manner," Minister of Planning and Investment Vo Hong Phuc said in his
opening speech.-Enditem
will focus on directing and monitoring the use of ODA to further increase
its efficiency.
The top government leader made this pledge at the opening session of the
2008 Consultative Group (CG) meeting in Hanoi on December 4.
" Vietnam honours every penny of ODA and will fulfill its commitments to
donors with a high sense of responsibility," PM Dung said, affirming his
country's high regard of the support and assistance that the international
community has given to Vietnam .
PM Dung highlighted the vital role ODA has played in the country's
socio-economic development since 1993, noting that this source of capital
has helped Vietnam immensely in upgrading its socio-economic
infrastructure.
This capital has also helped Vietnam to achieve results in a wide range
of fields, such as health care, education, institutional reform,
environmental protection, rural development and, particularly, in poverty
reduction, the PM noted.
He held open discussions with the attendees regarding their issues of
concern, speaking at length on the government's monetary policy and measures
to stabilise the macro-economy.
James W. Adams, Vice President of the World Bank, who co-chaired the
meeting, said he was pleased to see the Vietnamese Government's strategies
to rein in inflation and stabilise the macro-economy starting to bear fruit.
He also warned Vietnam of the long-term impacts that could affect the
nation as a consequence of the global financial crisis. He referred to the
need to take action to further assist the poor, as they are the ones
suffering the most during this difficult period, as well as the necessity of
protecting the environment and reforming institutions to ensure a
sustainable growth rate.
The WB official urged the Vietnamese Government to intensify its fight
against corruption, while praising Vietnam for having formulated
programmes to respond to climate change.
On behalf of the donor community, he pledged to willingly help Vietnam
in its efforts to overcome these challenges for the sake of the country's
growth.
Shogo Ishii, representative of the International Monetary Fund, commented
that Vietnam 's mid and long-term economic prospects remain bright on the
back of the Vietnamese Government's pledge to continue implementing reforms.
He suggested that Vietnam speed up structural reforms in banks and
businesses, along with promptly addressing any financial issues and strictly
monitoring the operation of large State-owned businesses in order to improve
its FDI attraction, exports and foreign reserves.
Vietnam should broaden its monetary and financial policies and deal
efficiently with any risks or challenges within its economy in order to
mitigate the effects of the global economic turmoil, Ishii said.
The Asian Development Bank representative and the UN Resident Coordinator
vowed to provide continuous support to Vietnam 's developmental
endeavours.
The 2008 CG meeting, themed "Stabilising the economy and maintaining its
growth potential", will discuss the macro-economy's policies and
environment, the implementation of the 2008 plan and the mid-term of the
five-year 2006-2010 socio-economic development plan, as well as Vietnam's
implementation of the millennium development goals, administrative reform
and the fight against corruption.
The participants will review and assess the implementation of the Paris
Statement and the Hanoi Commitment, and the plan of action to implement the
Accar Action Plan.
During the two-day CG meeting, they are also expected to debate Vietnam's
socio-economic performance and government policies, procedural compatability
and the effectiveness of ODA, public governance and institutional reform, as
well as measures to mitigate the effects of climate change.
"CG meetings have become an important forum for the Vietnamese Government
and international donors to discuss Vietnam 's socio-economic development
policies and strengthen their cooperation and partnership in an effective
manner," Minister of Planning and Investment Vo Hong Phuc said in his
opening speech.-Enditem
