Phu Yen pushes up development leveraging World Bank support

12:15 | 25/11/2019
A recent conference in Tuy Hoa city sought to strengthen the development co-operation between the south-central coastal province of Phu Yen and the World Bank.
phu yen pushes up development leveraging world bank support
The recent conference aims to deepen co-operation between Phu Yen and the World Bank

Ousmane Dione, World Bank Vietnam country director, said that the World Bank is ready to co-operate and is willing to be a partner to Phu Yen province. He added that the World Bank and Vietnam are also working to increase co-operation in all areas.

In recent years, Phu Yen has been actively mobilising diverse resources to improve infrastructure and support socio-economic development. In 2011-2015, the province received 14 projects with total official development assistance (ODA) and concessional loans surpassing VND1.385 trillion ($60.22 million), an increase of 21.1 per cent compared to 2006-2010.

In the recent years, Phu Yen has actively mobilised diverse resources in improving infrastructure for socio-economic development.

This funding mainly came from the World Bank, Asian Development Bank (ADB), Japan International Cooperation Agency (JICA), German Reconstruction Bank (KFW), and the French Development Agency (AFD).

In 2016-2020, Phu Yen wooed two projects funded by ODA and concessional loans from the World Bank on disaster recovery and strengthening land management and land database.

Phu Yen expects support from the World Bank in many areas, including credit finance for the construction of transport infrastructure; works of natural disaster prevention such as embankment and reservoir construction; technical assistance on planning Tuy Hoa as a smart city; supporting to access external resources; and promoting public-private co-operation.

By considering Phu Yen's proposals, the World Bank aims to support investment in the province with infrastructure projects adapting to climate change, coastal infrastructure development for tourism exploitation, and building smart cities, besides training high-quality human resources.

Speaking at the conference, Pham Dai Duong, Chairman of Phu Yen People's Committee, expressed hope to receive further support from the World Bank through the provision of ODA and concessional loans to execute projects on infrastructure and economic development and reiterated the commitment to being a reliable partner of the World Bank.

By Thanh Pham

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