Politics

HCM City looks to boost cooperation with ADB

Ho Chi Minh City always considers the Asian Development Bank (ADB) as its important and long-term development partner, Vice Chairman of the municipal People’s Committee Vo Van Hoan has said.
HCM City looks to boost cooperation with ADB ảnh 1At the reception (Photo: VNA)

HCM City (VNA) – Ho Chi Minh Cityalways considers the Asian Development Bank (ADB) as its important andlong-term development partner, Vice Chairman of the municipal People’s CommitteeVo Van Hoan has said.

During a reception for ADB’s new Country Director inVietnam Andrew Jeffries on November 13, Hoan expressed his belief that the official,with his working experience at ADB and extensive knowledge in economics anddiplomacy, will contribute to further promoting the relationship between ADBand Vietnam in general, and between the bank and HCM City in particular.

Hoan said that projects using ADB loans have significantly contributed to thecity’s socio-economic development and improvement of living conditions of localpeople.

While mentioning difficulties and challenges facing HCM City, the official saidthe city needs capital sources, including those from ADB to support its development,expressing his hope that Jeffries will help accelerate the disbursement of ADBloans, and create favourable conditions for the city to access its preferentialloans.

Hoan also urged the two sides to continue to effectively implement the contentsof signed cooperation agreements.

For his part, Jeffries affirmed ADB will be an important partner of HCM City, andaccompany the city during its development process.

ADB is working on a Country Partnership Strategy for the next five years whichis in line with the Vietnamese Government's socio-economic developmentstrategy, with the hope of strengthening its partnership with Vietnam and HCM City,he said.

While recognising HCM City as Vietnam’s economic momentum, Jeffries said thatADB hopes to receive consultancy from the city, thus helping to build the strategyin accordance with the general orientations of Vietnam and meeting specificrequirements of the city for its development objectives.

At the meeting, the two sides reviewed the implementation of underway projects fundedby ADB’s loans and discussed cooperation orientations in the time to come./.




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