Thua Thien – Hue and the AfDB sign a memorandum of understanding for inclusive and sustainable economic development | Company

At the signing ceremony (Photo: ADB)

Hanoi (VNA) – The People’s Committee of Thua Thien – Hue province and the Asian Development Bank (AfDB) in Vietnam signed a memorandum of understanding on August 17 (Protocol of agreement) on promoting a strategic partnership for inclusive and sustainable economic development.

It is a framework agreement focused on cooperation, aimed at helping Thua Thien-Hue achieve the socio-economic development objectives for the period 2021-2025, thus addressing the challenges facing the local economy by digital technology and accelerating the digital economy and digital society. .

The MoU covers content related to guiding principles of cooperation; objectives and areas of cooperation; establishment of a basis for strategic dialogue; development of joint action plans for projects; share knowledge, ideas and experiences and engage in dialogues with stakeholders.

Under the terms of the Memorandum of Understanding, the AfDB will organize periodic consultations with local authorities within the framework of the national program between the Ministry of Planning and Investment, the Ministry of Finance and the relevant ministries and sectors.

The AfDB will help Thua Thien – Hue effectively implement projects using the bank’s capital; and identify potential projects on urban transport infrastructure, adaptation to climate change, contributing to further improve living conditions; and the promotion of low carbon growth, the development of private sectors in the locality.

Thua Thien – Hue is one of the provinces of the central key economic region, a high-quality comprehensive education and training center, and an intensive medical center of the region and the country./.


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