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On May 7, in Cebu, Philippines, Prime Minister Le Minh Hung held a bilateral meeting with Masato Kanda, President of the Asian Development Bank (ADB).
Prime Minister Le Minh Hung expressed high appreciation for ADB’s contributions to Vietnam’s development over the years. He emphasized the importance of aid and concessional loans for development investment in the new period and welcomed ADB’s early initiation of the National Partnership Strategy for 2027–2031, saying it demonstrates the commitment to accompany Vietnam in achieving development goals.
The Prime Minister urged ADB to work closely with the Vietnamese government to further improve the effectiveness of cooperation. He asked for a review and resolution of obstacles in project implementation, expansion of flexible financial tools and incentives, and strengthening of technical support and policy advisory in building new development models.
He also highlighted areas including green transformation, supply chains, climate change response, and support for the private sector. In addition, he requested ADB to promote ADB–ASEAN cooperation and the Greater Mekong Subregion (GMS) cooperation program, especially in the energy sector and regional connectivity.
ADB President Masato Kanda congratulated Prime Minister Le Minh Hung on being trusted as the head of government and thanked the Prime Minister for the Bank’s support.
Mr. Masato affirmed that ADB will continue to be a trusted partner of Vietnam in the new development era. He said the National Partnership Strategy 2027–2031 will align with Vietnam’s social and economic development strategies and plans. He added that ADB will continuously improve processes and procedures and develop new financial tools to better meet Vietnam’s resource needs and those of its members.
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