HCM City (VNA) – Secretary of the Ho Chi Minh City’s Party Committee Nguyen Thien Nhan sought the International Finance Corporation (IFC)’s financial support in the city’s development during a reception on October 27 for visiting IFC Senior Country Manager for Vietnam, Laos, and Cambodia Kyle F.Kelhofer. 

As the city is planning to build a financial centre and conduct key transport infrastructure projects, Nhan expressed his hope that the guest and IFC will introduce potential investors to the city which has the highest labour productivity and quality in the country.

Apart from industrial and processing zones, the city has a high-tech park and is building a science park as well as linking up with the Ho Chi Minh City National University to create an urban area of science-technology and innovation, he said.

Kelhofer, for his part, said IFC wants to help Ho Chi Minh City build a smart city and become a model in not only Vietnam but also in the region.

As a member of the World Bank, IFC wants to increase loans to Vietnam in service of its development, he said, adding that IFC is able to provide financial assistance and loans without central warranty.

According to him, the city’s priorities match IFC’s goals so that IFC could offer loans to suitable projects and assist the city in credit ranking.-VNA