Vietnam succesful example of development: ADB president
Time:2011-06-27
Vietnam represents success stories in development and an example for other developing countries around the world, said Haruhiko Kuroda, president of the Asian Development Bank (ADB).
Kuroda made the remarks at a press conference under 44th annual meeting of the Board of Governors of the ADB in Vietnam's capital city of Hanoi Tuesday.
After a decade of rapid growth, Vietnam has made impressive achievements in poverty reduction and joined the group of middle- income countries since 2008, said Kuroda.
Vietnam is also recovering after the global financial crisis and economic downturn.
Vietnam and other developing countries in Asia are facing many challenges in development process such as rising oil and food prices due to the impact of political instability in the Middle East and North Africa, the impact from the earthquake and tsunami in Japan, he added.
Along with that, inflation has also affected hundreds of millions of poor people in Asia, including Vietnam.
In particular, the economic growth in Asia also led to problems of environmental pollution and climate change which Vietnam is one of the most vulnerable countries.
Therefore, ADB is actively supporting Vietnam to develop action plans to cope with the adverse effects of climate change including construction of urban transport to reduce emission through changing habit of using personal vehicles to public transport systems, developing rural infrastructure.
Growth of developing countries in Asia is expected to reach 7.8 percent in 2011 and 7.7 percent in 2012, lower than in 2010 but still an impressive result, said Kuroda.
Kuroda made the remarks at a press conference under 44th annual meeting of the Board of Governors of the ADB in Vietnam's capital city of Hanoi Tuesday.
After a decade of rapid growth, Vietnam has made impressive achievements in poverty reduction and joined the group of middle- income countries since 2008, said Kuroda.
Vietnam is also recovering after the global financial crisis and economic downturn.
Vietnam and other developing countries in Asia are facing many challenges in development process such as rising oil and food prices due to the impact of political instability in the Middle East and North Africa, the impact from the earthquake and tsunami in Japan, he added.
Along with that, inflation has also affected hundreds of millions of poor people in Asia, including Vietnam.
In particular, the economic growth in Asia also led to problems of environmental pollution and climate change which Vietnam is one of the most vulnerable countries.
Therefore, ADB is actively supporting Vietnam to develop action plans to cope with the adverse effects of climate change including construction of urban transport to reduce emission through changing habit of using personal vehicles to public transport systems, developing rural infrastructure.
Growth of developing countries in Asia is expected to reach 7.8 percent in 2011 and 7.7 percent in 2012, lower than in 2010 but still an impressive result, said Kuroda.