The Central Highlands province of Dak Lak was chosen by the World Bank to host the WB-chaired informal mid-year Consultative Group meeting, which will review the efficiency of ODA use in Vietnam, on June 8 and 9.
The Central Highlands province, known as Vietnam’s “coffee capital,” will seize the opportunity to introduce its economic potential and boost investment promotion to local and foreign investors, according to the provincial People’s Committee.
The local government has asked Dak Lak Department of Planning and Investment to pick several locations for donors and business representatives to visit on the sidelines of the meeting in an effort to attract investment in the province.
According to the Department of Planning and Investment’s Foreign Trade Office, meeting delegates will join a field trip to inspect seven ODA-funded projects.
They include a coffee and cocoa beans processing project in Tan An-Buon Ma Thuot Industrial Complex developed by Vietnam-Netherlands Coffee Company, a drainage and environmental sanitation project developed by Dak Lak Urban and Environment Management Limited Company, and a health and education center developed by Dak Lak Health Department.
The remaining projects are Dak Man Export Coffee Processing Joint Venture, a water management and bio-diversity preservation project for Cu Yang Sin National Park, a vocational training project and a transport project for rural areas.
The local government said they hoped the Consultative Group meeting will help attract more investors to the Central Highlands province.
The province currently has 25 ODA-funded projects, of which 13 are managed by the provincial People’s Committee, totaling VND1.4 trillion.
The ODA-funded education projects mainly come from the Asian Development Bank (ADB). Currently, the bank is financing three projects in Dak Lak province.
The Japan International Cooperation Agency (JICA) also granted non-refundable aids to the Central Highlands.
According to the Dak Lak Clean Water and Environmental Hygiene Center, JICA granted VND170 billion for a water supply project.
The World Bank-chaired Consultative Group is made up of representatives of the Vietnamese government and the foreign governments and international bodies that provide ODA to the country. The group usually holds its official meeting each December.
The informal two-day meeting will be held at the Swiss-Belhotel Darkruco Hotel in Buon Ma Thuot City in the Central Highlands province of Dak Lak on June 8 and 9, the ministry said.
Representatives from the Vietnamese government and some 50 international donors will discuss Vietnam’s economic policies, including poverty reduction strategies and the efficiency of ODA use in Vietnam.
Vietnamese and foreign non-governmental organizations and representatives from the Vietnam Business Forum will attend the meeting as observers.
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