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ADB supports Thua Thien-Hue to foster digital economy
VGP - A Memorandum of Understanding (MoU) on promoting a strategic partnership for inclusive and sustainable economic development was signed between the People's Committee of Thua Thien-Hue province and the Asian Development Bank (ADB) in Viet Nam on August 17.
Deputy Secretary of the provincial Party Committee, Chairman of the People's Committee of Thua Thien Hue Province Nguyen Van Phuong (R) and Country Director of the Asian Development Bank (ADB) in Viet Nam Andrew Jeffries sign Memorandum of Understanding (MoU) on promoting a strategic partnership for inclusive and sustainable economic development, August 17, 2022 – Photo: VNA
The MoU aims to support the central province to achieve socio-economic development goals in the 2021-2025 phase, thus addressing challenges of the local economy via digital technology, and enhancing the development of digital economy and digital society.
The MoU covers contents related to cooperation orientation principles; goals and areas of cooperation; establishment of foundation for strategic dialogue; development of joint action plans for projects; sharing knowledge, ideas and experience and engaging in dialogues with stakeholders.
Under the MoU, the ADB will give periodic consultations to the local authorities within the framework of the national program between the Ministry of Planning and Investment, the Ministry of Finance and relevant ministries and sectors.
The locality will be supported to effectively implement projects using the bank's capital and identify potential projects on urban transport infrastructures, climate change adaption, contributing to improving living conditions; and promoting low carbon growth and development of private sectors in the locality.