Sustainable infrastructure development is a strategic breakthrough in Vietnam socio-economic development, said Deputy Prime Minister Vu Van Ninh at the 38th session of the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) held in Nha Trang city, central Khanh Hoa province on May 14.
Vietnam has issued a resolution on the subject and implemented a number of projects to build highways, airports and seaports, develop clean energies, and afforest, he stated.
The government leader also lauded practical activities launched by the ADFIAP.
According to ADFIAP Chairman Pema Tshering, Asia needs around 750 billion USD to improve its infrastructure each year with focuses on transportation, telecommunications, energy, clean water supply and sanitation.
Regional growth depends largely on the standards of its infrastructure, which has received significant funding from the ADFIAP, he said.
The conference gathered more than 100 participants including State officials, ADFIAP representatives and business leaders. Their discussion revolved around relevant policy frameworks, sponsorships and support systems.
Comments from participants urged the ADFIAP to consolidate its role and capitalise on the dynamic regional growth.
A joint statement was issued concluding the session, highlighting boosting capital mobilisation and investments, strengthening sponsorship and business collaboration and developing support systems, among others.
Founded in 1976, the ADFIAP aims to advance sustainable development through enhancing the financial capacity of its members; 131 institutions in 45 countries have thus far joined the organisation.-VNA
Vietnam has issued a resolution on the subject and implemented a number of projects to build highways, airports and seaports, develop clean energies, and afforest, he stated.
The government leader also lauded practical activities launched by the ADFIAP.
According to ADFIAP Chairman Pema Tshering, Asia needs around 750 billion USD to improve its infrastructure each year with focuses on transportation, telecommunications, energy, clean water supply and sanitation.
Regional growth depends largely on the standards of its infrastructure, which has received significant funding from the ADFIAP, he said.
The conference gathered more than 100 participants including State officials, ADFIAP representatives and business leaders. Their discussion revolved around relevant policy frameworks, sponsorships and support systems.
Comments from participants urged the ADFIAP to consolidate its role and capitalise on the dynamic regional growth.
A joint statement was issued concluding the session, highlighting boosting capital mobilisation and investments, strengthening sponsorship and business collaboration and developing support systems, among others.
Founded in 1976, the ADFIAP aims to advance sustainable development through enhancing the financial capacity of its members; 131 institutions in 45 countries have thus far joined the organisation.-VNA
