Politics

Deputy PM meets with WB Vice President

Deputy Prime Minister Hoang Trung Hai has hailed the cooperation given by the World Bank (WB) and its Multilateral Investment Guarantee Agency (MIGA) in their efforts to attract and support foreign investors in Vietnam.
Deputy Prime Minister Hoang Trung Hai has hailed the cooperation givenby the World Bank (WB) and its Multilateral Investment Guarantee Agency(MIGA) in their efforts to attract and support foreign investors inVietnam.

During a meeting in Hanoi on February 20, Hai and WB VicePresident Michel Wormser discussed MIGA’s financial guarantee forinfrastructure projects in Vietnam in the time to come.

Hai expressed the Vietnamese Government’s support for MIGA-guaranteedprojects, which according to him, will strengthen investors’ confidenceand economic development in the country.

The Government will instruct relevant agencies to speed up the approval of MIGA’s guarantee applications, Hai said.

Wormser pledged next steps will be taken to carry out financialguarantee for the 450 – 500 million USD Hanoi – Hai Phong Highwayproject and another project worth 250 million USD to expand NationalHighway No. 20 in Vietnam .

He said he hopes Vietnam ’s ministries and departments will work closely with MIGA to complete the projects as scheduled.-VNA
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