Politics

AIIB urged to support Vietnam’s infrastructure development projects

PM Chinh called on the AIIB to continue supporting Vietnam in mobilising resources for major projects such as Lao Cai – Hanoi – Hai Phong standard-gauge railway line. He also urged the bank to provide concessional loans focused on transformative projects that include technology transfer and human resource training.

Vietnamese Prime Minister Pham Minh Chinh (right) and Jin Liqun, President and Chair of the Board of Directors of the Asian Infrastructure Investment Bank (AIIB) (Photo: VNA)
Vietnamese Prime Minister Pham Minh Chinh (right) and Jin Liqun, President and Chair of the Board of Directors of the Asian Infrastructure Investment Bank (AIIB) (Photo: VNA)

Rio de Janeiro (VNA) – Vietnamese Prime Minister Pham Minh Chinh met with Jin Liqun, President and Chair of the Board of Directors of the Asian Infrastructure Investment Bank (AIIB), in Rio de Janeiro, Brazil, on July 6 (local time), on the sidelines of the expanded BRICS summit.

PM Chinh highly appreciated the contributions made by the AIIB and Jin himself over the past decade to Vietnam’s development. He affirmed that Vietnam values its partnership with the AIIB and will continue to actively participate in the bank’s suitable cooperation initiatives.

Sharing Vietnam’s current development orientations and policies, the PM emphasised the country's high priority on achieving economic growth of 8% in 2025 and sustaining double-digit growth in the following years.

Regarding strategic infrastructure development in the road and railway sectors, he called on the AIIB to continue supporting Vietnam in mobilising resources for major projects such as Lao Cai – Hanoi – Hai Phong standard-gauge railway line. He also urged the bank to provide concessional loans focused on transformative projects that include technology transfer and human resource training.

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Vietnamese Prime Minister Pham Minh Chinh (right) receives Jin Liqun, President and Chair of the Board of Directors of the Asian Infrastructure Investment Bank (AIIB), in Rio de Janeiro, Brazil, on July 6 (local time) (Photo: VNA)

Jin commended Vietnam’s remarkable socio-economic achievements in recent years and expressed his strong support for PM Chinh's proposals. He underscored the significance and ripple effects of large-scale infrastructure projects in enhancing connectivity, improving logistics capacity, and fostering socio-economic development across Vietnamese localities. These projects have also helped attract more high-quality investment into Vietnam, he said.

The AIIB President reaffirmed that the bank would continue to accompany and assist Vietnam in mobilising resources for key infrastructure projects, ensuring energy supply for high-speed rail operations, and participating in projects related to transport, healthcare, climate adaptation, power transmission, and energy transition in Vietnam and the region./.

VNA
#Asian Infrastructure Investment Bank #BRICS summit #infrastructure development #Prime Minister Pham Minh Chinh #support #mobilising resources Brazil
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