(MPI) - Deputy Minister Tran Duy Dong worked with the World Bank (WB) Country Director for Vietnam Carolyn Turk in Hanoi on November 16.
At the working session. Photo: MPI
Deputy Minister Dong highly appreciated the WB’ technical support and consultation of institutional reform for Vietnam over the past time. The WB has cooperated with the Ministry of Planning and Investment to build a research on renovating regional governance in the Southeast region and the Southern key economic regions.
The Resolution No. 24-NQ/TW on socio-economic development, and assurance of national defence and security in the Southeast region until 2030, with a vision to 2045 has showed a strong determination to make the Southeast region become the locomotive and the strongest development engine of Vietnam.
With six provinces including Ho Chi Minh City, Tay Ninh, Binh Phuoc, Binh Duong, Ba Ria - Vung Tau and Dong Nai, the Southeast region’ development vision focuses on developing digital economy, digital transformation and science - technology.
The WB’s research had concretised objectives and orientations set in the Resolution No. 24-NQ/TW, and provided an improved regional governance model and a new development mechanism for the region. The deputy said, regional linkage, infrastructure system, environmental issues and climate change are bottlenecks and limitation in developing the Southeast region; suggesting WB focus on providing resource mobilisation, logistics opportunities, specific mechanisms as well as international vision to realise set goals.
WB country director Carolyn Turk noted that the WB has closely coordinated with the MPI in developing the Master Plan for the Mekong Delta region, identifying investment priorities and related policies to promote the region’s sustainable development. Therefore, the WB is pleased to contribute to the Southeast development.
Accordingly, among the six socio-economic regions of Vietnam, the Southeast region is the most urbanized region and dynamic economy, making the largest contribution to the national development. In the 2016-2020 period, the Southeast region accounts for 40% of the country’s GDP and 42% of total foreign direct investment (FDI). However, the economic efficiency and competitiveness of the region have lagged behind in recent years.
To create an innovative governance model, remove bottlenecks and enhance development of the Southeast region, the WB will focus on supporting institutional assessment and providing a roadmap to effectively operate its governance model; developing a regional investment mechanism to have resources for key infrastructure projects; and enhancing their capacity and exchanging global practices./.
Ministry of Planning and Investment