HCM City steps up cooperation with IFC
Ho Chi Minh City is committed to creating favourable conditions for the International Finance Corporation (IFC) to carry out joint projects based on current laws.
Scene at the working session between Le Thanh Liem, Vice Chairman of the HCM City People’s Committee (right, second) and Kyle F.Kelhofer, IFC Senior Country Manager for Vietnam, Laos and Cambodia (left, second) (Photo: hcmcpv.org.vn)HCM City (VNA) – Ho Chi Minh City is committed to creating favourable conditions for the International Finance Corporation (IFC) to carry out joint projects based on current laws, stated Le Thanh Liem, Vice Chairman of the municipal People’s Committee.
Liem made the statement at a reception for Kyle F.Kelhofer, IFC Senior Country Manager for Vietnam, Laos and Cambodia, in the southern city on November 17.
While affirming that the IFC’s financial assistance and investment mobilisation have contributed significantly to the city’s development, Liem asked for further support from the IFC, particularly in attracting, managing and effectively using foreign investments.
For his part, Kelhofer said the IFC wants to assist HCM City in seeking and luring capital from investors and international financial partners for the city’s infrastructure development.
He noted that cooperation programmes with the IFC could enable the southern economic hub to access diverse sources of funding with low interest rates.
Kelhofer told his host that the IFC is willing to share experiences with the city on how to effectively attract, manage and use foreign capital, and provide technical support to help the city implement public-private partnership (PPP) projects.
At the working session, both sides agreed to boost relevant studies in a bid to soon turn their bilateral cooperation plans into practical and feasible projects.
The IFC, a member of the World Bank Group, has operated in Vietnam since 1994. It has so far mobilised 5.6 billion USD to fund 123 projects in infrastructure development, agriculture, renewable energy and banking in the country.-VNA
You should also see
World economy’s recovery drives Vietnam’s exports
With the recovery of the world market and increasing orders, Vietnam's import and export activities in the first quarter of 2024 prospered and achieved positive results.
See more
Business
Long An, Dong Nai introduce strengths in RoK
The southern province of Long An and Dong Nai introduced their investment climate as well as socio-economic development orientations at an investment promotion conference held in the Republic of Korea (RoK) on April 26.
Business
Vietnam makes initial efforts to approach creative industries: CIEM
Vietnam has made initial efforts to approach creative industries and services, particularly a policy framework related to creative economy development, according to a new report released by the Central Institute for Economic Management (CIEM).
Business
HCM City wants to become major partner, customer of NVIDIA: Official
Chairman of the People’s Committee of Ho Chi Minh City Phan Van Mai has told the Vice President of Worldwide AI Initiative at NVIDIA, Keith Strier that the city wants to become a major and good partner and customer of the firm in Vietnam.
Business
Revenue on top five e-commerce platforms jumps 79%
The e-commerce market of Vietnam was robust in the first quarter of this year with total revenue of the top five platforms, including Shopee, TikTok Shop, Lazada, Tiki and Sendo, reaching more than 71 trillion VND (2.79 billion USD), an increase of 79% over the same period last year, according to a recent report by Metric.
Business
Airports to offer 9,000 domestic flights during upcoming holidays
Vietnamese airlines are expected to operate 9,000 flights on domestic routes to meet the travel demand during the upcoming National Reunification Day (April 30) and May Day (May 1) holidays, according to the Airports Corporation of Vietnam (ACV).
