Vietnam expected the Asian Infrastructure Investment Bank (AIIB) will become a reliable investment and capital channel to offer effective assistance for Asian countries in infrastructure improvement and development.
Pham Binh Minh, Vietnam's Deputy Prime minister and Foreign minister, made the remarks at a meeting with D.J. Pandian, AIIB vice president, in capital Hanoi.
According to Minh, the visit by AIIB's high-level delegation to Vietnam right after the AIIB president met with the Communist Party of Vietnam General Secretary Nguyen Phu Trong during Trong's visit to China in Beijing showed AIIB's goodwill and interest for cooperation with Vietnam. Minh highlighted efforts by AIIB members and leadership board to speed up the foundation and operation of AIIB as one of the main international financial institutions whose goal is to bring prosperity to Asia through infrastructure investment and connectivity, reported the Vietnamese government's e-Portal.
Minh, who also heads Vietnam's national steering committee on official development assistance (ODA) and preferential loans, said at the meeting that Vietnam wishes to diversify its loans for infrastructure development, including those by AIIB.
The Vietnamese official urged AIIB to closely coordinate with the State Bank of Vietnam and relevant agencies to reach consensus in cooperation.
D.J. Pandian, who is also the bank's chief investment officer, said in less than one year of operation, AIIB has yielded optimistic results, expanded cooperation mechanisms with other international financial organizations, attracted interest and desire to participate of many countries.
AIIB was formally established in Beijing in December 2015 and started operation in January 2016.
According to Minh, the visit by AIIB's high-level delegation to Vietnam right after the AIIB president met with the Communist Party of Vietnam General Secretary Nguyen Phu Trong during Trong's visit to China in Beijing showed AIIB's goodwill and interest for cooperation with Vietnam. Minh highlighted efforts by AIIB members and leadership board to speed up the foundation and operation of AIIB as one of the main international financial institutions whose goal is to bring prosperity to Asia through infrastructure investment and connectivity, reported the Vietnamese government's e-Portal.
Minh, who also heads Vietnam's national steering committee on official development assistance (ODA) and preferential loans, said at the meeting that Vietnam wishes to diversify its loans for infrastructure development, including those by AIIB.
The Vietnamese official urged AIIB to closely coordinate with the State Bank of Vietnam and relevant agencies to reach consensus in cooperation.
D.J. Pandian, who is also the bank's chief investment officer, said in less than one year of operation, AIIB has yielded optimistic results, expanded cooperation mechanisms with other international financial organizations, attracted interest and desire to participate of many countries.
AIIB was formally established in Beijing in December 2015 and started operation in January 2016.
Other News
- State-owned corporations set to pilot offshore wind power projects
- AIIB ready to fund Hanoi’s urban railway projects
- S.Korea’s industrial conglomerates to expand investment activities in Vietnam
- Intel boosts Vietnam’s semiconductor workforce for ambitious goals
- Vietnam among top investment destinations for SEA investors
- Vietnam looks to support FDI firms as global minimum tax looms
- Factors unlocking Vietnam’s potential in FDI attraction: HSBC
- Opportunity at hand: Leveraging global minimum tax for FDI attraction
- Vietnam: Leading destination for sustainable investment
- Vietnam targets to draw investment in hi-tech industries: Prime Minister
Trending
-
Explore captivating watercolors at “Hanoi in my Heart”
-
Vietnam news in brief - September 9
-
Government steps up market inspections amid typhoon Yagi aftermath
-
Hanoi: Relic restored in capital's heart
-
Super typhoon Yagi weakens to tropical depression: Heavy rain, flooding, landslides expected
-
Typhoon Yagi inflicts severe damage to Northern power infrastructure
-
Green consumption for sustainable development in Hanoi businesses
-
Vietnam seeks further contributions from overseas Vietnamese
-
Patriotism: The tranquil and steady devotion of a lifetime