Vietnam, RoK seal green growth cooperation

At the meeting with the KOICA President earlier, Minister Vinh spoke highly of the non-refundable aid provided by the Republic of Korea Government to Vietnam , now reaching around $20 million per year, through KOICA.

He said he hopes KOICA will continue to assist Vietnam ’s socio-economic development in various fields based on the three pillars of the Vietnam-RoK cooperation programme, being infrastructure, human resource development and green growth.

He also proposed the agency assist his ministry in implementing priority projects on transferring economic management experiences to its Development Strategy Institute (DSI) and other agencies.

For his part, the KOICA President pledged to coordinate with Vietnam ’s relevant agencies to implement agreed projects.

KOICA is always ready to assist and share its experiences with Vietnam in green growth and human resource training, he said, adding that the RoK Government in general and KOICA in particular, always consider Vietnam an important and trusted partner and will continue to offer preferential treatment in non-refundable aid.

The same day Minister Vinh met with President of the Korea Development Institute (KDI) Oh Seok-hyun and witnessed the signing ceremony of a document on expanding cooperation under the Knowledge Sharing Programme between the DSI under the Ministry of Planning and Investment and the KDI.

Addressing the event, Minister Vinh highlighted the KDI’s role in studying and devising the RoK’s recent development policy.

He said after two years of implementing the programme, research results have made practical contributions to planning and strategy, adding that the majority of these proposals, which are commensurate with Vietnam’s situation and its development orientation, have been used to build goals towards the country’s socio-economic development strategy for the period 2011-2020 and also the 2011-2015 plan.

He said he hopes the KDI will cooperate with the DSI with immediate attention paid to improving the efficiency of public investment, financial reform and effective use of state property.

He also proposed the KDI help train cadres in macro-economic forecasts and analysis, forecasting capacity in economic restructure, and the exchange of experience in devising the RoK’s foreign investment and development policy.