NA Vice Chairman Works with WB Delegation on Achieving National Growth Targets

The World Bank’s Managing Director of the Growth Dialogue, Danny Leipziger pointed to three major difficulties Vietnam is facing when developing the National Master Planning – the harmonization and integration of planning and relevant legal documents, the ensuring of financial supply for the work, and planning implementation.

He held that basically, the goals of Vietnam’s national master planning are suitable to the country’s growth targets until 2045.

However, in order to achieve the goals, there is still much for Vietnam to do, he said, affirming that in this process, the WB is ready to work with the NA of Vietnam and relevant ministries, sectors and agencies to give recommendations to solve bottlenecks in the process of planning design and implementation.

NA Vice Chairman Works with WB Delegation on Achieving National Growth Targets
Dr. Danny Leipziger (Photo: GW Business)

Dr. Danny Leipziger, a former vice president of the World Bank, headed the Bank’s Poverty Reduction and Economic Management (PREM) Network of more than 700 economists and other professionals working on economic policy formulation in the area of growth and poverty, debt, trade, gender and economic empowerment, and public sector management and governance.

He advised three successive World Bank presidents and represented the World Bank at major international conferences, including G20 meetings. He also served as vice chair of the Spence Commission on Economic Growth and Development.

In the consideration and approval of the planning, the National Assembly (NA) of Vietnam should pay attention to the integration of indicators to measure the progress of planning implementation, collect information on planning implementation, and empower the overall supervisory agencies to handle arising problems, he advised.

Agreeing with the WB representative, NA Vice Chairman Nguyen Duc Hai held that the building of the national master planning is a tough and complicated task due to its large scale.

Therefore, the NA of Vietnam hopes that in the coming time, the two sides will continue to strengthen cooperation and specify WB’s support to Vietnam in the process of developing and completing the planning.

At the working session, the two sides agreed on WB’s assistance in organizing the socio-economic forum in 2022. NA Vice Chairman Hai expressed his hope that a WB representative will attend the event, with an official WB report on Vietnam’s economic recovery prospect, which points out challenges and impacts of the global economy on Vietnam and recommendations for Vietnam, to be delivered at the forum.

NA Vice Chairman works with WB delegation
NA Vice Chairman Nguyen Duc Hai (right) and WB Expert Danny Leipziger (Photo: QH/CVN).

Vietnam’s National Master Planning

Vietnam targets becoming a developing country with modern industry and upper middle income by 2030, and a high-income developed nation by 2045, according to the Ministry of Planning and Investment.

The National Master Planning is the first of its kind in Vietnam made in line with the 2017 Planning Law. Between now and 2030, priority will be given to the establishment and development of economic corridors, locomotive zones, growth poles, and national infrastructure framework, especially those with advantages in geological location, infrastructure, human resources, and sci-tech potential. The National Master Planning set the goal of having about 5,000km of expressways nationwide by 2030 and over 9,000km by 2050. The average housing floor area per capita in urban areas will reach 32 sq.m by 2030.

The Ministry of Planning and Investment is collecting scientists’ and foreign experts’ feedback on the planning to submit to the Government and National Assembly in an October meeting.
Zoey Nguyễn

The post NA Vice Chairman Works with WB Delegation on Achieving National Growth Targets appeared first on Vietexplorer.com.

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