The State Bank of Vietnam hosted a working meeting with World Bank Executive Director for Southeast Asia Wempi Saputra, with both sides agreeing to strengthen cooperation and positioning the central bank as the Government’s key counterpart in relations with the World Bank to help mobilise and use World Bank resources in Vietnam. The World Bank outlined plans to mobilise around USD 130 billion annually for member countries’ development programmes, with priorities including climate action, energy transition, health, education, production and human capital. For Vietnam, support will continue across infrastructure, renewable energy and energy transition, agriculture, and projects with environmental and climate adaptation impacts, alongside updates on new World Bank poverty standards, initiatives to attract young talent, and adjustments to World Bank procurement rules. The State Bank of Vietnam also described ongoing policy efforts to maintain macroeconomic stability, including flexible monetary policy coordination with fiscal policy to control inflation, stabilise the exchange rate and guide credit growth toward priority sectors, and highlighted Government measures to shorten procedures for preparation, approval and implementation of official development assistance and concessional loan projects through administrative reforms, improved inter-agency coordination and legal framework updates. Going forward, the World Bank Executive Director’s Office and the State Bank of Vietnam will coordinate more closely and step up timely sharing of information, assessments and analysis on global and regional economic and financial developments.

Original source View in tracker