ADB supports Vietnam in SOE restructuring

Vietnam appreciates the Asian Development Bank (ADB) for its continued support for the restructuring of State-owned enterprises (SOEs), said Deputy PM Vu Van Ninh.

While receiving ADB Vietnam Country Director Tomoyuki Kimura in Hanoi on October 17, Ninh spoke highly of the bank’s contributions in terms of policy consultations and technical and financial assistance for the economic restructuring in general and the restructuring of SOEs in particular.

Vietnam has already designed development strategies for the next five and ten years which chiefly focus on achieving sustainable growth, social welfare, new growth models and better investment climate, said Ninh.
The ongoing projects financed by ADB will definitely make positive contributions to the restructuring process and the shifting of growth model in Vietnam, he added.

In the coming time, a host of mechanisms and policies will be amended to fit in with international practices and new circumstances and Vietnam hopes to continue to receive more assistance in terms of capital, experience and policy consultations from ADB in the course, Deputy PM Ninh said.

For his part, Director Tomoyuki Kimura underlined his institution’s commitments to supporting the economic restructuring, especially the restructuring of SOEs, in Vietnam. ADB has passed the country partnership strategy for the 2012-2015 period which centers on the restructuring of SOEs.

He also lauded the Vietnamese Government for its strong pledge on SOE restructuring, suggesting the Southeast Asian nation strengthen transparency and information dissemination to guarantee confidence of investors.

VGP/VOV online