May 19, 2025 | 02:48 GMT +7

  • Click to copy
Thursday- 06:11, 07/11/2024

Prime Minister proposes ADB funding for anti-landslide projects

(VAN) The Prime Minister expressed hopes that the ADB would provide attention and preferential financing for large-scale projects to transform Vietnam's infrastructure and environmental resilience.
Prime Minister Pham Minh Chinh proposes ADB funding for anti-landslide projects. Photo: VNA.

Prime Minister Pham Minh Chinh proposes ADB funding for anti-landslide projects. Photo: VNA.

During his attendance at the 8th Greater Mekong Subregion (GMS) Summit and a working visit to China, Prime Minister Pham Minh Chinh met with Asian Development Bank (ADB) President Masatsugu Asakawa on the morning of November 6 in Kunming.

During the meeting, Prime Minister Pham Minh Chinh expressed gratitude for ADB’s significant contributions to Vietnam’s socio-economic development and poverty reduction initiatives on behalf of the Vietnamese government and people.

President Asakawa extended his condolences to the Vietnamese people affected by Typhoon Yagi. He commended Vietnam’s prompt recovery efforts and encouraged the government to accelerate the disbursement of ADB funds to further advance development projects within the country.

The Prime Minister also thanked ADB for its strategic advice and support during Vietnam’s reform process, noting that timely and insightful assistance is crucial. He requested ADB's support for various transformational projects, including offshore wind power, standardized railways, urban rail systems, high-speed rail, and anti-landslide initiatives. He emphasized the importance of low-interest financing for these impactful, large-scale projects.

President Asakawa reaffirmed ADB’s commitment to partnering with Vietnam, sharing expertise, and providing policy support, particularly in macroeconomic, monetary, and fiscal policies to maintain key economic balances, control inflation, and drive growth aligned with Vietnam’s unique circumstances. He also expressed support for Vietnam’s efforts in sustainable development, including the growth of its green, digital, and circular economies, and enhancing the country’s economic competitiveness.

President Asakawa noted Vietnam’s strong potential for private sector growth, highlighting ADB’s efforts to facilitate low-interest loans for countries to help mitigate climate change effects, an area in which Vietnam stands to benefit.

Author: Diep Anh

Translated by Quynh Chi

Vietnam stands ready to accompany Cuba in achieving food security and self-sufficiency

Vietnam stands ready to accompany Cuba in achieving food security and self-sufficiency

(VAN) Deputy Minister Nguyen Quoc Tri also expressed his hope that Cuba will soon overcome its current challenges, attain food security, and further expand cooperation with Vietnam.

Empowering women in climate change adaptation

Empowering women in climate change adaptation

(VAN) The project contributes to enhancing the resilience of communities vulnerable to the impacts of climate change, with a primary focus on local women.

Vietnam to remove barriers in developing green materials

Vietnam to remove barriers in developing green materials

(VAN) Green materials help save energy and resources. However, after more than 10 years, Vietnam has only developed over 200 green buildings with more than 6 million square meters of floor space.

Vietnam - Thailand strengthen ties in the regional value chain

Vietnam - Thailand strengthen ties in the regional value chain

(VAN) Vietnam - Thailand Business Forum 2025: One plus one on three connects, marking a milestone in the comprehensive strategic partnership between the two nations.

Harmony with nature and sustainable development

Harmony with nature and sustainable development

(VAN) The United Nations designated 22 May as the International Day for Biodiversity 2025 with the theme 'Harmony with nature and sustainable development.'

Multi-channel, multi-directional Vietnamese agricultural markets: [8] A national strategy is needed

Multi-channel, multi-directional Vietnamese agricultural markets: [8] A national strategy is needed

(VAN) The Chairman of Hung Nhon Group shared: ‘Opening up and tapping into new markets is the right and strategic direction for Vietnam's agricultural sector.’

Reducing food waste: A necessary step toward a circular economy

Reducing food waste: A necessary step toward a circular economy

(VAN) Food waste has become a serious issue in modern society, especially in rapidly urbanizing and developing cities like Hanoi.

Read more