Prime Minister asks the WB for more support
Viet Nam targets 5.6-5.8 percent growth in 2012 and will increase it to more than 6 percent next year when inflation was expected to decrease to below 6 percent.
Dung also said the Government ss conducting an economic reform which will focus on public investment, State enterprises, and the banking system.
The Government leader expected the World Bank to support Viet Nam in pursuing development goals, provide policy consultancy and share experience in dealing with bank bad debts. It also hoped for an increased foreign investment and the implementation of key traffic projects.
The World Bank country director appreciated Viet Nam's policies to curb inflation over the past year. However, she suggested the country focus on helping enterprises, improving production and trade, improving technology application in production, and creating more jobs.
Kwakwa said Viet Nam should enhance its control over public investment to improve its effectiveness.
She confirmed that the World Bank will always co-operate with and support Viet Nam in its development process.
The World Bank earlier announced it will allocate 4.2 billion USD for a five-year (2012-16) strategy to support the country.