The President of the Asian Development Bank (ADB), Haruhiko Kuroda, has praised Vietnam as a typical example of a development success story for other developing countries in the world.
The ADB official made the remark at a press briefing in Hanoi on May 3 as he fielded questions from reporters about prominent socioeconomic issues faced by Asian countries, including Vietnam.
Kuroda affirmed that Vietnam has made great progress in poverty reduction after a decade of rapid growth.
Like other Asian countries, Vietnam is strengthening the pace of its recovery from the global economic crisis.
However, regional countries are grappling with difficulties arising from the high price of oil and food caused in part by instability in the Middle East and North Africa as well as concerns about the triple disaster of earthquake, tsunami and nuclear accident in Japan.
Kuroda said inflation should be curbed with a package of major measures, especially as it has had a strong impact on hundreds of millions of poor people throughout Asia.
The ADB president emphasized that chronic poverty must be tackled if Asia wants to become wealthy and progress in this century.
The global economic meltdown has necessitated the construction of a well-structured global financial system that can resist shocks. Asia can play a pivotal role in this process by bolstering its financial systems to liberate the region’s resources for developmental demands and narrow imbalances worldwide.
The ADB top official also highlighted environmental issues stemming from Asia’s economic growth, which he said should be placed high on the region’s development agenda. Priorities should also be given to disaster risk management as natural calamities continue to hit Asia.
According to Kuroda, Vietnam is the most susceptible to climate change and the ADB is helping the Vietnamese government work out action plans to cope with its possible negative impacts.
Kuroda cited urban traffic projects to reduce the emission of greenhouse gases by changing people’s habits to using public transport as an example of efforts to counter the effects of climate change.
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