ADB – major partner of HCM City: official

19/03/2021 19:14

Ho Chi Minh City always regards the Asian Development Bank (ADB) as a major partner that plays an important role in the city’s development, a local official has said.

ADB – major partner of HCM City: official ảnh 1

At a reception for ABD Country Director in Vietnam Andrew Jeffries in the city on March 19, Chairman of the municipal People’s Committee Nguyen Thanh Phong said the projects using ADB loans have significantly contributed to local socio-economic development. (Photo: VNA)

HCM City (VNA) – Ho Chi Minh City always regards the Asian Development Bank (ADB) as a major partner that plays an important role in the city’s development, a local official has said.

At a reception for ABD Country Director in Vietnam Andrew Jeffries in the city on March 19, Chairman of the municipal People’s Committee Nguyen Thanh Phong said the projects using ADB loans have significantly contributed to local socio-economic development.

HCM City stands ready to cooperate the ADB Country Director as well as the bank’s office to effectively roll out ADB projects in the southern metropolis, he affirmed.

Phong proposed ADB leaders help HCM City speed up the disbursement of loans and as well as the progress of ongoing projects, saying the two sides should continue realising the memorandum of understanding reached last June fruitfully.

He called for ADB support in four development projects in the southern economic hub for the 2020-2025 period with a vision towards 2030.

The bank will become not only a loan supplier of HCM City, but also a technical and policy consultant for the locality, especially in improving the capacity of local officials, Phong believed.

For his part, Jeffries said his visit forms part of the ADB’s Country Programming Mission, aiming to work with Vietnamese ministries, agencies and localities on the bank’s operation programme in the country in the time ahead.

Lauding HCM City’s development potential and position, both regionally and nationally, Jeffries affirmed that the ADB always places importance on HCM City in its cooperation with Vietnam.

The ADB wishes and stands ready to foster collaboration with the city in its construction and development, firstly in activities to improve cooperation efficiency of projects using ADB loans in the locality, he said.

Earlier, the ADB delegation was received by Vice Chairman of the People’s Committee Le Hoa Binh, during which the two sides sought ways to speed up the implementation of such projects./.

VNA