AIIB eyes infrastructure development in Vietnam

Beijing (VNA) – The Asian Infrastructure Investment Bank (AIIB) wants to invest in infrastructure development, particularly railways, highways and seaports, in Vietnam, said AIIB President Jin Liqun.

Jin made the statement at a meeting with Party General Secretary Nguyen Phu Trong, who is in a visit to China, on January 13.

Acknowledging the contribution of Vietnam to the establishment of the AIIB, he noted that the construction of transport infrastructure in the country will help develop links with other ASEAN member countries.

Jin vowed to work closer with the Vietnamese side in designing future projects and do his best to make cooperation in the field yield practical outcomes.

For his part, Party General Nguyen Phu Trong congratulated the bank on the progress it achieved during one year since its foundation.

He said Vietnam and China have reached several bilateral agreements on connecting economic infrastructure during his visit, adding that infrastructure development is one of the three strategic breakthroughs in Vietnam’s reform and industrialisation-modernisation process.

Trong said Vietnam is looking for support, including those from the AIIB, in human resources, investment and management capacity.   

The same day, the Party chief met with Chairman of the Sunwah Group, Jonathan Choi, whose family has three generations doing business in Vietnam.

Trong said Vietnam always creates favourable conditions for foreign investors to operate in the country.

Jonathan Choi said he wishes for further assistance from the Vietnamese Government in expanding the group’s operation in Vietnam, particularly in the construction of seaports, railways, subways and underground pedestrian crossings.-VNA