AIIB eyes infrastructure development in Viet Nam

Friday, Jan 13, 2017 14:42

Party General Secretary Nguyen Phu Trong and representatives of AIIB in China. — Photo Tri Dung

The Asian Infrastructure Investment Bank (AIIB) wants to invest in infrastructure development, particularly railways, highways and seaports, in Viet Nam, said AIIB President Jin Liqun.

Jin made the statement at a meeting with Party General Secretary Nguyen Phu Trong, who is on a visit to China, on Friday.

Acknowledging the contribution of Viet Nam to the establishment of the AIIB, he noted that the construction of transport infrastructure in the country will help develop links with other ASEAN member countries.

Jin vowed to work closer with the Vietnamese side in designing future projects and do his best to make cooperation in the field yield practical outcomes.

For his part, Trong congratulated the bank on the progress it achieved during one year since its foundation.

He said Viet Nam and China had reached several bilateral agreements on connecting economic infrastructure during his visit, adding that infrastructure development is one of the three strategic breakthroughs in Viet Nam’s reform and industrialisation-modernisation process.

Trong said Viet Nam was looking for support, including those from the AIIB, in human resources, investment and management capacity.

The same day, the Party chief met with Chairman of the Sunwah Group, Jonathan Choi, whose family has three generations doing business in Viet Nam.

Trong said Viet Nam always creates favourable conditions for foreign investors to operate in the country.

Jonathan Choi said he wished for further assistance from the Vietnamese Government in expanding the group’s operation in Viet Nam, particularly in the construction of seaports, railways, subways and underground pedestrian crossings. — VNS

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