Viet Nam's recent reclassification by the World Bank (WB) Group as an upper-middle-income economy marks an important milestone in the country’s development trajectory, said Mariam J. Sherman, WB Director for Viet Nam, Cambodia, and Lao PDR, noting that while the upgrade reflects Viet Nam's remarkable progress, it also brings a new set of growth challenges as the country pursues its ambition of becoming a high-income economy by 2045.

Professor Dr. Nguyen Xuan Thang, President of the Ho Chi Minh National Academy of Politics (HCMA) and Chairman of the Central Theory Council, has urged the World Bank (WB) to continue assisting Viet Nam in tapping global expertise to tackle major challenges, including climate change, water resources management in the Mekong Delta, and ecological agricultural development.

The World Bank (WB) has reaffirmed its commitment to supporting Viet Nam in mobilising diverse financial resources to implement large-scale infrastructure projects.

Food security has been the most talked-about topic during the High-Level Week of the 77th Session of the United Nations (UN) General Assembly, which is currently taking place in New York, the US. Amid shortages in supply, the risk of food insecurity is a concern of every country.