Vietnam’s partners will continue to support the country in achievingits development targets in the coming years, said Country Director ofthe Asian Development Bank Tomoyuki Kimuara at the seventh AidEffectiveness Forum in Hanoi on November 26.
Speaking at the event, Deputy Minister of Planning and Investment NguyenThe Phuong highly valued relevant parties’ efforts to build andimplement the Busan Partnership Document and the Vietnam PartnershipDocument to make development cooperation and aid more effective.
At the forum, held annually by the ministry on the threshold of theVietnam Development Partnership Forum (VDPF), participants discussedVietnam’s prospects for development cooperation on the basis of 20-yearties between the country and donors in the new stage of its development.
Donors and international non-governmentalorganisations noted that although Vietnam is a middle income country, itstill needs aid to ensure its sustainable development and avoid the“middle income” trap.
Vietnam should have betterorientations, policies and solutions to effectively use fewerpreferential loans and exploit other financial resources fordevelopment, when ODA is on the decline, they added.
They also suggested the country foster technical cooperation, shareexperience and transfer technologies through north-south cooperationbetween developing and developed countries, south-south among developingcountries, and triple-sided cooperation between developing countrieswith financial support from donors.
Participantsdiscussed and agreed on the forum’s activities in the 2014-2016medium-term plan, which emphasises the role of Vietnam’s contributionsto regional and international aid effectiveness forums, especially theGlobal Partnership Summit in Mexico next April and the UN post-2015Development Agenda.
They also adopted the forum’s message to the VDPF held in Hanoi on December 5.-VNA
Speaking at the event, Deputy Minister of Planning and Investment NguyenThe Phuong highly valued relevant parties’ efforts to build andimplement the Busan Partnership Document and the Vietnam PartnershipDocument to make development cooperation and aid more effective.
At the forum, held annually by the ministry on the threshold of theVietnam Development Partnership Forum (VDPF), participants discussedVietnam’s prospects for development cooperation on the basis of 20-yearties between the country and donors in the new stage of its development.
Donors and international non-governmentalorganisations noted that although Vietnam is a middle income country, itstill needs aid to ensure its sustainable development and avoid the“middle income” trap.
Vietnam should have betterorientations, policies and solutions to effectively use fewerpreferential loans and exploit other financial resources fordevelopment, when ODA is on the decline, they added.
They also suggested the country foster technical cooperation, shareexperience and transfer technologies through north-south cooperationbetween developing and developed countries, south-south among developingcountries, and triple-sided cooperation between developing countrieswith financial support from donors.
Participantsdiscussed and agreed on the forum’s activities in the 2014-2016medium-term plan, which emphasises the role of Vietnam’s contributionsto regional and international aid effectiveness forums, especially theGlobal Partnership Summit in Mexico next April and the UN post-2015Development Agenda.
They also adopted the forum’s message to the VDPF held in Hanoi on December 5.-VNA
