The Australian Agency for International Development (AusAID) and the World Bank (WB) have recently signed a strategic partnership agreement to jointly support Việt Nam’s longterm socioeconomic development.
Under the five-year agreement, AusAID will provide AUD 58 million to the WB’s investment and advisory program to assist Việt Nam.
The partnership aims to foster an enabling environment for improving economic competitiveness, increasing environmental sustainability, and broadening access to economic and social opportunities. It will help enhance cooperation between AusAID and the WB in working for development effectiveness in Việt Nam.
Australian Ambassador to Việt Nam Allaster Cox expressed delight to have the opportunity to partner with the World Bank in joint efforts to support Việt Nam’s development agenda.
The analysis in our respective country partnership strategies has identified key constraints to Việt Nam’s development and shows a shared view on the responses needed to assist Việt Nam with its development efforts, she added.
Ms. Victoria Kwakwa, the WB Country Director for Việt Nam noted that the agreement marks a new phase in the partnership between AusAID and the World Bank in support of Việt Nam's development.
The approach is more strategic and proactive while also allowing adequate flexibility to respond to emerging priorities in the Government's reform program, she confirmed.
This stepped up engagement will be mutually beneficial and help deliver stronger development results for Việt Nam, she added.
The proposed engagements are aligned with and directly address the priorities outlined in the Vietnamese Government’s five-year Socio-Economic Development Plan 2011-2015 (SEDP) which is supported by AusAID’s Strategy for Việt Nam to 2015 and the Bank’s CPS 2012-2016.
Source: VGP News
|< Prev||Next >|
» Hanoi policemen help woman give birth to healthy baby on sidewalk
» Conditions in Vietnam not favorable to float electricity price: experts
» How will Vietnam’s energy policies affect FDI attraction?
Latest Category Posts
- Friendship association delegation visits Philippines
- VNA, Xinhua strengthen cooperation
- VNA, Xinhua strengthen cooperation
- Children's hospital to receive second branch
- Highway section through Dak Nong opens for traffic
- Contractors must repair subsidence, cracked roads: Ministry
- Work on new Hong bridge begins
- Ministry warns about overseas job scams
- Marine resources in Ly Son Island face exhaustion
- Hunting for exceptional giant tiger prawns in southern Vietnam
Random Category Picks
- Seedless limes profit Hau Giang orchard owner
- Hanoi hosts women police empowered through regional program
- Hai Phong urged to boost stronger development
- Photos: Sizzling hot temperatures in Vietnam
- Kindergarten certificate not needed for 1st grade enrolment
- Australia supports vocational development in Vietnam
Popular Category Posts
- President attends Russia's victory parade in Moscow
- A call on Vietnamese children laid down under Operation Babylift tomb in Thailand
- Chairman's Statement of 26th ASEAN Summit issued
- HCM City hails researchers' role in development
- Vietnam, China boost border cooperation
- National traffic safety week focuses on kids
- Rise to int'l levels, VN lawyers urged
- ASEAN Summit focuses on uniting region
- Da Nang to pioneer testing of motorbikes' exhaust fumes
- Vietnam, Thailand beef up defence cooperation
- New Canadian law hurtful:VN
- Hundreds of Vietnamese children join Swedish Embassy event on traffic safety
- Thai royals back Viet Nam ties
- Deputy PM urges Vietnam – France trade ties
- Law may recognise transgender people
- More than 500 flights were delayed during holiday
- Vietnam Embassy confirms support for nationals
- VN protests China's Truong Sa expansion
- HCM City exhibition showcases achievements
- Crashed jet pilots given posthumous promotions