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Asian infrastructure bank wants increased cooperation with HCM City

The Asian Infrastructure Investment Bank (AIIB) wants to work with Ho Chi Minh City in tacking urban issues, such as traffic congestion and waste treatment, said President of the bank Jin Liqun.
Asian infrastructure bank wants increased cooperation with HCM City ảnh 1Secretary of the HCM City Party Committee Dinh La Thang (R) shakes hands with President of Asian Infrastructure Investment Bank Jin Liqun. (Photo: VNA)

HCM City (VNA) – The Asian InfrastructureInvestment Bank (AIIB) wants to work with Ho Chi Minh City in tacking urbanissues, such as traffic congestion and waste treatment, said President of the bank Jin Liqun.

Jin made the statement ata meeting with Secretary of the municipal Party Committee Dinh La Thang onMarch 6.

The AIIB will consideroffering preferential financial assistance directly to local private companiesoperating in the infrastructure sector, he noted.

If Vietnam pursuesthe current development strategy, the country would continue to be amongregional top players in terms of growth, the bank leader said, adding that hisagency is willing to provide development projects in Vietnam with preferentialloans at equal to or better conditions than those offered by other internationalfinancial institutions.

SecretaryThang stressed the southern hub’s willingness to cooperate with the AIIB for mutual benefits and regional prosperity.

He said between now and2030, Ho Chi Minh City will need about 50 billion USD for infrustructure, sayingthat the bank’s direct investment in the city or support toward local investorsis highly welcomed.-VNA
VNA
# Asian Infrastructure Investment Bank #Jin Liqun #infrastructure development Ho Chi Minh City
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