WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Hanoinews
Hanoi, WB enhances cooperation toward sustainable growth
Tu Anh 22:18, 2021/11/02
Hanoi needs foreign investment, preferential loans, and official development assistance.

Hanoi's Party leader Dinh Tien Dung has called for further WB cooperation in the capital city’s priority fields towards sustainable development.

Dung was speaking at a meeting with World Bank Country Director for Vietnam Carolyn Turk in Hanoi today (Nov 2).

Hanoi's Party leader Dinh Tien Dung at the meeting.

He said Hanoi has set targets of becoming a green, cultural and modern capital while maintaining steady and sustainable growth and developing into a smart city that will be worthy of the City for Peace recognized by UNESCO.

However, challenges still remain in some areas, including sewage solution, air pollution, deficient infrastructure, building digital government, and historic sites preservation, among others.

To address these problems and achieve the goals, Dung stressed the role of institutions like the World Bank during its development process. “Hanoi needs foreign investment, preferential loans, and official development assistance,” he said.

The World Bank has so far financed 11 projects in Hanoi with a total value of US$269 million in various areas ranging from transportation, safe water supply to countryside infrastructure.

“Those projects have been basically completed and benefited local people,” Dung said.

 The meeting's participants take a group photo after the discussion.

At the meeting, Dung briefed the city’s development during the past time with GRDP growth in 2016-2020 at 7.3-9%. Despite severe impacts of the pandemic, the figure this year stands at 1.28% in comparison with the same period in 2020.

The city has vaccinated first jabs to more than 90% of adults. It is speeding up a vaccination program for children aged 6-12 in an effort to return life to normal as soon as possible, he said.

Dung also mentioned Decree No. 91/2021/ND-CP,  a newly-announced legal document on the coordination mechanism among Hanoi and its neighboring provinces and cities for the Hanoi Capital Region Master Plan, which is seen as a key legal framework for World Bank to conduct upcoming cooperation programs with the capital city.

Dung stressed the role of building consistent planning for the Hanoi Capital Region that is expected to be a momentum to promote the city’s socio-economic development in the future. He suggested creating a team with members from both sides to exchange and promote cooperation.

World Bank Country Director for Vietnam Carolyn Turk recognized Hanoi’s development achievements during the past time, highlighting the bank’s willingness to support the capital city in addressing its problems and realizing development targets. 

She also stressed that it’s time for the Hanoi government to solve these problems before they become bigger and more complicated.

Carolyn said Decree No.91 would be an important legal framework for future cooperation between Hanoi and World Bank in the time ahead and agreed with the idea of a joint team.

The two sides also discussed issues of mutual concerns, including urban planning, metro lines construction, and smart city, which are expected to be translated into specific plans towards sustainable development.

RELATED NEWS
TAG: Hanoi World Bank Carolyn Turk smart city Hanoi region sustainable development
Other news
18:05, 2025/02/04
Lunar New Year tourism boom sets new records
Hanoi emerged as a leading destination during the Vietnamese Tet (Lunar New Year) holiday, recording 142,000 foreign arrivals, an increase of 15.8% over the previous year.
21:28, 2025/02/03
Hanoi streets splashed with color in celebration of CPV's 95th anniversary
The streets of Hanoi are aglow with color as the city celebrates the 95th anniversary of the founding of the Communist Party of Vietnam (February 3, 1930 - February 3, 2025).
20:39, 2025/02/03
Hanoi to digitize 300 traditional handicrafts by 2030
The city aims to restore and preserve at least five endangered traditional crafts between 2025 and 2030.
17:23, 2025/02/02
More flyovers to ease traffic congestion in Hanoi
Hanoi has more than 7.9 million vehicles, including 1.1 million cars and 6.6 million motorcycles
16:16, 2025/02/01
Hanoi's relics draw visitors from near and far this Tet 2025
A perfect way to spend time during Tet is to visit cultural and historical relics throughout Hanoi.
19:01, 2025/01/30
Hanoi makes strides in traffic management
Cashless parking payment is a key step in managing static traffic, solving parking issues, and serving as the underlying technology for a smart digital map of parking spaces throughout the city.