World Bank pledges continued support for Vietnam

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World Bank Vice President James Adams has affirmed that the Washington-based lender will continue supporting Vietnam in its pursuit of sustainable development, poverty reduction and climate change adaptation.

Adams made the statement at an event to celebrate the Vietnam-World Bank partnership in Hanoi Friday, the government said in a report.

He praised the Vietnamese government for its achievements, particularly in poverty reduction, efforts to curb inflation and ensure social welfare.

According to the government report, the World Bank has provided grants and loans totaling US$13.5 billion to assist Vietnam. The international lender is drafting a new partnership strategy aiming to expand cooperation with Vietnam for the 2011-2016 period.

Speaking at the meeting, Prime Minister Nguyen Tan Dung said Vietnam's achievements over the past two decades were possible because of the support of international partners, including the World Bank.

Programs and projects funded by the World Bank have been successful in fulfilling their goals, contributing to the development of the country, he said.

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