At the meeting, Governor Nguyen Thi Hong welcomed Mr. Scott Morris to visit and work with the SBV, and highly appreciated the effective, strong and long-term cooperative relationship between Vietnam and ADB over the past three decades. The Governor emphasized that ADB is a leading important development partner, always accompanying Vietnam in key areas such as infrastructure, energy, education, health, urban development and recently green growth, climate change response and sustainable development.

Overview of the working session

The two sides had in-depth discussions on strategic cooperation orientations, notably promoting ADB's government lending activities in Vietnam. The Governor appreciated ADB's active coordination with relevant government agencies to sign the Inclusive and Climate Resilient Infrastructure for Ethnic Minority Areas II (CRIEM II) Project, scheduled for April 16, 2025, and requested ADB to continue to improve procedures, be more flexible in financial structures, and reduce borrowing costs to improve capital efficiency.

Governor of the State Bank of Vietnam Nguyen Thi Hong emphasized that ADB is a leading important development partner, always accompanying Vietnam in key areas.

At the meeting, the Governor shared that the Vietnamese Government is in the process of implementing many important tasks to reform and reorganize the administrative apparatus towards streamlining, effectiveness and efficiency. At the same time, the Government focuses on improving the quality of the staff and actively removing institutional obstacles and reforming administrative procedures to improve the efficiency of the state apparatus. These are fundamental steps in the reform process, creating a foundation to promote sustainable socio-economic development. To achieve the set economic development goals, in addition to factors such as capital, innovation and digital transformation - the main drivers of growth, the role of international development organizations, including ADB, is extremely important to support Vietnam in effectively mobilizing external financial resources for economic development.

Mr. Scott Morris - Vice President of the Asian Development Bank affirmed that ADB is ready to support the expansion of long-term finance for the Government's priority areas.

Regarding ODA loan projects in general, the Governor said that the Government is actively reviewing and perfecting the institutions and legal framework to improve the efficiency of loan use. At the same time, the Government directs relevant ministries and branches to focus on handling and removing difficulties and obstacles in the implementation of ODA loan projects. On the ADB side, Vietnam hopes that ADB will consider providing loans with more preferential interest rates, or combining forms of funding and technical assistance during the preparation and implementation of projects, in order to improve the effectiveness of cooperation between the two sides.

Governor of the State Bank of Vietnam Nguyen Thi Hong, Mr. Scott Morris - Vice President of the Asian Development Bank and representatives of the State Bank of Vietnam and ADB at the working session.

Regarding private sector cooperation, the Governor shared that the Party, State and Government always affirm the important role of the private economy in economic development, which is an important foundation that contributes greatly to the Vietnamese economy. As an international financial institution with extensive capacity and experience in private sector development, the SBV highly appreciates ADB's readiness and efforts to mobilize capital for investment in the private sector in recent times, thereby supporting and contributing to promoting the development of the private sector, becoming a pillar of the economy.

Speaking at the meeting, Mr. Scott Morris highly appreciated Vietnam's institutional reform efforts and macroeconomic management results, and affirmed that ADB is ready to support long-term financial expansion for the Government's priority areas such as transport, energy, digital transformation, and green development. He emphasized that Vietnam is one of the leading countries in sustainable development in the region, and ADB is committed to being a reliable and long-term partner.

At the end of the meeting, the two sides agreed to continue to maintain regular policy dialogue, strengthen technical coordination and jointly develop strategic cooperation programs, contributing to realizing Vietnam's socio-economic development goals in the coming period.

Source: https://thoibaonganhang.vn/thong-doc-nhnn-nguyen-thi-hong-tiep-pho-chu-cich-ngan-hang-phat-trien-chau-a-162783.html