The Deputy PM thanked them for greatly supporting Vietnam via policy consultation, official development assistance, and technical support in infrastructure, especially in energy over the past years.

Since 1995, the WB has assisted the Vietnamese power sector in 12 projects on power grid development in rural areas, electricity transmission and distribution with the total loan of approximately US$3.92 billion, he said.

Vietnam needs to supply close to 8,000MW of electricity on average each year, which demands an annual capital of US$ 9-10 billion

Dung voiced his hope that the WB would continue helping Vietnam seek capital, offer technical consultation and work out a policy mechanism to enable the country to ensure sufficient and sustainable power supply for socio-economic development.

Vietnam will adjust planning to ensure the smooth operation of power system, determine key projects, refine laws and build special mechanisms in the field.

The WB officials showed their impression on Vietnam’s success in energy field over the past years, especially in renewable energy development while asking the country deal with difficulties in major power projects as well as power transmission overload as early as possible.