Hanoi (VNA) – Politburo member, President of the Ho Chi Minh National Academy of Politics (HCMA), and Chairman of the Central Theory Council Nguyen Xuan Thang had a meeting with World Bank (WB) Country Director in Vietnam Mariam Sherman in Hanoi on October 3.

Briefing the WB representative on the HCMA’s functions as the training centre for mid- and high-ranking officials of the Party and State of Vietnam and a leading national policy research and consulting hub, Thang expressed his wish to foster cooperation between the academy and the bank, especially as Vietnam is summarising the 40 years of Doi Moi (Renewal) cause and the WB is developing and perfecting reports on the Vietnamese economy, including the Vietnam 2045 report.

For her part, Sherman said that one of the bank’s missions in Vietnam is to provide the country with policy advisory services and technical assistance, especially in the field of public investment. In carrying out this mission, the WB has established a close, long-term, and effective partnership with the UNMA in two aspects - training and research, she said.

Regarding the Vietnam 2045 report, Sherman said she hopes to cooperate with the academy in completing the report and organising events to release it.

The report has been actively developed and completed with important information and data on Vietnam's important achievements in politics, economy, culture, society, education, and environment, providing policy recommendations for its long-term development vision, especially in the context where many changes in the world and the region are affecting the country’s development goals to 2030 and vision 2045.

Affirming that Vietnam always accompanies the WB to effectively implement the commitments reached by both sides, Thang noted that the WB has had a positive assessment of the changes in Vietnam today, and expressed his hope that this organisation will be a bridge to share with the world about the success story in Vietnam's socio-economic development according to the socialist-oriented market economy model, thereby contributing more voices to help the world understand more about Vietnam. The WB's reports on Vietnam also need to supplement and update new developments in Vietnam such as human resources, science and technology, and small- and medium-sized enterprises, he suggested.

Thang proposed that the WB in Vietnam design cooperation programmes with the academy in policy research and consultation to support localities to develop sustainably, and give recommendations on new directions for Vietnam in the coming time, with a vision to 2045 when Vietnam enters a new starting point, an era of growth.

He affirmed the academy’s support to WB in completing the Vietnam 2045 report and organising the announcement event.

𝐆 Sherman stated that the WB highly values Vietnam’s recent socio-economic development achievements. The country is playing an increasingly important role in the international arena as well as the global economy, and has a solid foundation to attract large-scale international investors, she said, adding that like economies with successful economic development models in the world, Vietnam's economic development model will be a useful knowledge for the WB to share widely based on professional and technical perspectives./.