Vietnam wants the Asian Infrastructure Development Bank (AIIB) to become a prestigious and effective development bank of the region, President Tran Dai Quang has told AIIB President Jin Liqun.

President Tran Dai Quang (R) and AIIB President Jin Liqun

At the meeting in Da Nang city on November 9, President Quang welcomed Jin’s active participation in the APEC CEO Summit while hailing AIIB’s performance over the two years since its inception.

As one of the first countries to support the establishment of AIIB, Vietnam wants AIIB to become a prestigious and effective development bank of the region so as to meet member countries’ interests, he noted.

He affirmed that Vietnam would continue engaging in AIIB as a reliable and responsible partner by fulfilling all obligations of a member country, and also hopes for more assistance from the lender.

The country has demand for capital regarding infrastructure development and upgrade, and AIIB is one of the potential capital sources, President Quang said, asking the bank to work with relevant agencies of Vietnam to specify suitable funding mechanisms and methods.

AIIB President Jin said President Quang’s impressive speech at the APEC CEO Summit inspired businesses to increase investment and business activities in Vietnam. He also highly valued Vietnam’s active contribution to his bank’s foundation and activities.

As Vietnam boasts huge developmental potential, infrastructure investment for socio-economic development is still an important strategy of the country. AIIB pledges to help the country access its capital sources to meet this demand, Jin added.

The AIIB leader was in Da Nang to attend activities of the APEC CEO Summit, part of the APEC Economic Leaders’ Week from November 6 to 11.


                                         Source: NDO

Related Topics

Hoa Binh Buddhism chapter plays role in different sectors

(HBO) – Statistics show that Hoa Binh province has 54 Buddhist relic sites, mostly ruins. There are only several pagodas that come under the management of the Vietnam Buddhist Sangha (VBS), namely Phat Quang Hoa Binh, Kim Son Lac Hong and Linh Son Phat Tich, whose heads are appointed by the VBS. Meanwhile, the remainders are managed by the local cultural sector, authorities or individuals.

Da Bac district marks 40 years since moving locals out of Da river area

(HBO) – Da Bac district of Hoa Binh province on July 11 held a ceremony to mark 40 years since the local authorities move residents out of the Da river basin to serve the construction of the Hoa Binh hydroelectric power plant (1982 - 2022) and receive a third-class Labour Order.

Tay Phong’s Party Organisation makes practical moves to raise life quality

(HBO) – Over the past several years, the Party Organisation of Tay Phong commune in Hoa Binh province's Cao Phong district has focused on Party building and developing a team of capable and qualified personnel that can be role models to gain trust from local residents and promote unity for the homeland’s development.

Provincial People’s Committee convenes regular meeting for June

(HBO) – The Hoa Binh provincial People’s Committee held a regular meeting on June 30 to discuss draft documents to be submitted to the provincial Party Committee’s Standing Board and the provincial People’s Council, documents within the remit of the People’s Committee, and other important issues. Standing Vice Chairman of the People’s Committee Nguyen Van Toan chaired the event, which was also attended by Standing Vice Chairwoman of the People’s Council Nguyen Thi Cam Phuong.

Hoa Binh steps up public awareness campaigns on seas, islands

(HBO) – The Hoa Binh Provincial Party Committee has cooperated with the Party Committee of the Vietnam People’s Navy to step up public awareness campaigns on Vietnam’s seas and islands since July 2018.

Hoa Binh City war veterans'' association holds 2nd congress

(HBO) - The war veterans’ association of Hoa Binh city has held its 2nd congress, for the 2022-2027 tenure.