Australia, WB extend partnership in support of Vietnamese development priorities
VOV.VN - The Australian Government and the World Bank (WB) have formally agreed to extend their partnership in support of the sustainable and inclusive Vietnamese development agenda.
The partnership started in Vietnam back in 2012 and will now continue until 2026, valued at AUD95 million.
“The extension of our partnership with the WB comes during our 50th year anniversary of Australia and Vietnam’s bilateral relations and demonstrates our ongoing commitment to Vietnamese men and women. For Vietnam to realise its ambition to become a high-income country in 2045, the legislative reform process and strong governance continue to be essential. We are proud to be supporting this ambition in partnership with the WB,” said Australian Ambassador to Vietnam Andrew Goledzinowski,.
The partnership is designed to support the nation’s development agenda by providing data, analysis, and technical assistance in support of policies that are informed, inclusive, and sustainable.
“We are grateful that Australia has made available this additional resource to enable our Australia – WB Partnership to support Vietnam in this critical stage of its development as the country looks for ways to achieve its aspiration for high income status in 2045,” said Carolyn Turk, country director for Vietnam of the WB.
“The areas of support are of strategic importance for the country, including institutional reforms, social equity and inclusion, the transition to a low carbon economy and innovation-driven growth,” she added.
Over the past five years, the Australian and WB partnership has had an impact on more than 58 policies and regulations, duly helping to drive meaningful legislative change.
Recent examples include the Prime Minister’s decision on the Mekong Delta Regional Master Plan for the 2021 to 2030 period, the Ministry of Labor, Invalids and Social Affairs’ circular on career guidance and job counseling that is estimated to benefit over two million students, as well as its guidance on the rollout of digital social assistance payments to all 63 provinces with approximately 3.5 million beneficiaries.
The partnership also provided data that helped to drive improvements in child-care services for the Labor Code of 2019.
These successes have therefore led to a renewed commitment up to 2026. The partnership will continue to work closely alongside Vietnam in order to reflect the needs of the country and its people as a whole.
