Politburo member and Chairman of the Party Central Committee’s Economic Commission Nguyen Van Binh (R) hosts Stephanie von Friedeburg, Chief Operating Officer at the International Finance Corporation (IFC). (Photo: VNA) Hanoi (VNA) – The InternationalFinance Corporation (IFC) and the Asian Development Bank (ADB) pledged toprovide further support for Vietnam while meeting with Politburo member andChairman of the Party Central Committee’s Economic Commission Nguyen Van Binhin Hanoi on November 7.
Stephanie von Friedeburg, Chief OperatingOfficer at IFC, said the corporation will continue helping Vietnam improve thefinancial infrastructure system, develop capital markets and renewable energy,and promote green and sustainable growth as well as develop financial productsfor the private sector, and provide technical assistance for the public sectorto improve the investment environment in the country.
She highly appreciated Vietnam’s effectivemanagement policies in stabilising the macro-economy, curbing inflation, andpromoting growth, adding that the cooperation between the IFC and Vietnam hasbeen increasingly strengthened and developed.
Recognising the IFC’s contributions to thesocio-economic development in Vietnam, Binh said the institution has offered alot of support for the private sector under various forms and throughinvestment projects in infrastructure, finance-banking, information technology,education and health care, in addition to consulting services on financialaccess, investment environment, and competitiveness improvement.
He hoped the IFC will continue accompanying and supportingVietnam in the coming time.
At a separate meeting with the Vietnamese Partyofficial, In-chang Song, Director at ADB in charge of the Republic of Korea,Papua New Guinea, Sri Lanka, Taiwan (China), Uzbekistan, Vanuatu, and Vietnam,said the bank will have flexible policies to support Vietnam – which recentlygraduated from concessional capital of the Asian Development Fund (ADF) - withoutinterrupting the country’s economic restructuring and sustainable povertyreduction efforts.
Politburo member and Chairman of the Party Central Committee's Economic Commission Nguyen Van Binh (R) and In -chang Song, Director at ADB (Photo: VNA) The ADB wants to expand its financingactivities in the private sector in Vietnam, not only in traditional sectorssuch as infrastructure and finance but also other realms like education andagriculture, he added.
Binh highly appreciated the ADB’s contributionsto the socio-economic development in Vietnam, especially providing loans,technical assistance, aid packages, and policy consultancy for the country.
He backed the ADB’s development strategy in2030, under which the bank commits to continue supporting member countries toaddress such issues as poverty, uneven development, gender equality, climatechange adaptation, technological reform, and private economy development.
These fields are basically in line with thedevelopment priorities of Vietnam in the near future, he said./.
VNA
