Vietnam donor group to meet in December

TN News

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The Consultative Group, formed by major international donors to Vietnam, will meet in Hanoi next month to discuss issues concerning economic restructuring and poverty reduction.

The meeting, held on December 6, will focus on Vietnam's macroeconomic conditions in 2011 and directions for 2012. The donors will also talk about Vietnam's plans for financial system and public investment reforms.

A business forum on economic growth will be held December 2 as part of the meeting.

The group, including the World Bank, the Asian Development Bank and Japan, meets annnually to help Vietnam's development. The country received US$7.9 billion in pledges of grants and low-interest loans from the group last year, down from $8.06 billion in 2009.

An informal mid-year meeting was held in June 9 in the north-central province of Ha Tinh where some of the donors came to discuss issues relating to Vietnam's marcoeconomic stability. While recognizing initial progress, bilateral and multilateral donors encouraged the government to direct more attention to the "structural origins" of instability.

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