World Bank to continue supporting Vietnam poverty fight

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The World Bank would continue to help Vietnam reduce poverty with a focus on ethnic minorities, a bank official said Wednesday.

Axel van Trotsenburg, speaking at a press conference on his first visit to Vietnam as World Bank East Asia and Pacific vice president, congratulated Prime Minister Nguyen Tan Dung on the country's impressive success in reducing poverty.

"Vietnam has been a global leader in reducing poverty over the last two decades, making effective use of concessional official development assistance including from IDA (International Development Association). 

"We are glad that our partnership with Vietnam has contributed to this success.

"We would like to support Vietnam's efforts to further reduce poverty with special focus on ethnic minorities." 

During his meeting with Dung, van Trotsenburg informed him of some of the new targets that the World Bank has set -- ending extreme poverty by 2030 and promoting income growth among the poorest 40 percent of the population -- and promised to deepen its engagement with Vietnam to achieve these goals.

Vietnam is one of the biggest beneficiaries of IDA assistance in the last three years, he said.

He and Dung discussed ways to enhance IDA-funded programs through accelerated implementation.

They also conferred on how the World Bank could work with the Vietnamese government to better mobilize private sector resources for infrastructure development.

They agreed on the need to continue support programs for the social sectors and to combat climate change.

The bank official will meet with the private sector and visit Nhieu Loc-Thi Nghe Canal, which was cleaned and rehabilitated under the bank-funded Ho Chi Minh City Environment and Sanitation Project.

The project is having a transformational impact on the city, directly benefitting over one million people with improved sanitation and reduced flooding, while providing new recreational spaces.

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