ADB pledges to back Vietnam’s socio-economic development
(VOVworld) – The President of the Asian Development Bank (ADB), Takehiko Nakao, has confirmed the bank’s willingness to support Vietnam in the development process. Meeting with President Truong Tan Sang in Hanoi on Thursday, the ADB leader suggested Vietnam should come up with further policy reforms to attract more direct foreign investment (FDI) and provide financial support for business growth and accelerating the disbursement of ADB capital resources. Nakao expressed his admiration for Vietnam’s tremendous socio-economic development achievements in the Doi Moi (Renewal) process and applauded its effective measures to control inflation, restructure State-owned enterprises (SoEs) and ensure macroeconomic stability.
President Truong Tan Sang welcomes ADB President Takehiko Nakao in Hanoi on September 18th, 2014
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President Truong Tan Sang commended the ADB’s contributions to Vietnam’s socio-economic development over recent years, noting that the country wanted to continue receiving support from the ADB in terms of capital provision, policy consultation, the training of skilled workers, agricultural development and certain other prioritized areas.