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.

TAG: Hanoi World Bank Carolyn Turk smart city Hanoi region sustainable development
Other news
09:36, 2023/36/05
Hanoi takes drastic action to handle solid waste
Being the heart of Vietnam, Hanoi has been promoting solid waste management while raising public awareness of environmental protection, helping the country reach the target of processing 96% of urban household waste in 2023.
17:16, 2023/16/04
Digitalization to help Hanoi become smart city by 2025
Hanoi aims to take the lead in the digitalization process nationwide.
10:04, 2023/04/04
Hanoi plans to have 3,000 cooperatives by 2030
The capital city expects to have high-quality agricultural products to feed ten million of its residents.
13:18, 2023/18/03
Hanoi committed to supporting FDI in expanding operation
Hanoi would continue to facilitate companies and treat all equally regardless of their status as local or foreign-invested.
23:07, 2023/07/02
Food prices rise slightly ahead of first full moon
Demand for fresh foods increases ahead of the Ram Thang Gieng (the first full moon of the lunar year) as usual, but market prices have barely changed.
14:47, 2023/47/02
Hanoi boosts tourism promotion
Hanoi expects to market its brand as an attractive tourism destination in the region and the world and disseminate the city’s image in major source markets.