Asian Development Bank has shown its solid commitment to support
Vietnam’s shift of gear into middle-income status.
ADB launched Country Partnership
Strategy 2012-2015 in Hanoi last week with an aim to support Vietnam’s goal of
rising to upper middle income status.
Tomoyuki Kimura, ADB country
director for Vietnam, said the country partnership strategy, or CPS, would
support Vietnam through three pillars - inclusive growth, enhancing economic
efficiency and environmental sustainability.
In order to implement the
proposed strategy and respond to Vietnam’s dynamic needs as a middle income
country, ADB offers a wide range of financing resources and assistance
modalities, including loans, equity investments, technical assistance and other
knowledge products, and policy advice.
Under the new CPS, the indicated
ordinary capital resources planning figures are $943 million per year for
2013-2014 and $760 million for 2015. The indicated Asian Development Fund (ADF)
planning figures are $385 million per year for 2013-2014 and $395 million for
2015. In addition, the estimated technical assistance resources are about $8
million each year.
“Actual ADF allocations to
Vietnam for 2013-2014 will depend on country performance assessments under
performance-based allocation,” said Kimura.
During the CPS 2012-2015 in
Vietnam, ADB will prioritise six sectors, including agriculture, natural
resources and environment; education; energy, finance, transport, and water and
urban.
“Support to improve public sector
management will be crosscutting and strengthen sector operations,” said Yumiko
Tamura, principal country specialist. “ADB will focus engagement in health on
sector management issues including improving human resources and the quality of
service delivery and supporting disadvantaged areas to ensure inclusive growth.
Meanwhile, ADB will phase out operations in the industry and trade sector.”
Kieu Linh | vir.com.vn
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