HCM City will work closely with the International Finance Corporation (IFC) in translating the memorandum of understanding (MoU) signed by the two sides into projects, said a municipal official.

At a reception for Kyle Kelhofer, IFC country manager for Cambodia, Laos and Viet Nam, in HCM City on June 12, vice chairman of the municipal People’s Committee Tran Vinh Tuyen thanked the institution for its financial support and technical consultations as well as its assistance to Viet Nam in mobilising foreign investments, especially from the private sector.

IFC has actively implemented the MoU it inked with HCM City in December 2017, particularly through a project on building a programme assessing credit confidence in the city and training courses on green cities for municipal officials, Tuyen said.

He urged the corporation to share experience with and provide consultations to the city in mobilising financial resources and investors having adequate experience and technologies to help the locality develop in a sustainable and eco-friendly manner.

The official called on IFC to assist the city in addressing issues regarding green city building, waste treatment and efficient use of energy resources through consultations and connection with investors.

In response, Kelhofer said IFC was committed to continuing its assistance to the city in carrying out public-private partnership (PPP) projects, stressing that IFC had enough experienced personnel to help the Vietnamese southern metropolis build green facilities.

IFC hopes with successes in using PPP, mobilising capital from financial confidence and building green facilities, HCM City will become an example of development for other major urban areas in Viet Nam and Asia. — VNS