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Vietnam treasures importance to the cooperation with AIIB

Updated at Wednesday, 08 Mar 2017, 14:23
The Hanoitimes - Vietnam attaches importance to the cooperation with AIIB and will continue collaborating with the bank as a trustworthy and responsible partner, Prime Minister Nguyen Xuan Phuc said during the meeting with President of the Asian Infrastructure Investment Bank (AIIB) Jin Liqun in Hanoi on March 7
Prime Minister (PM) Nguyen Xuan Phuc received President of the Asian Infrastructure Investment Bank (AIIB) Jin Liqun in Hanoi on March 7.
Prime Minister (PM) Nguyen Xuan Phuc meets President of the Asian Infrastructure Investment Bank (AIIB) Jin Liqun
Prime Minister (PM) Nguyen Xuan Phuc meets President of the Asian Infrastructure Investment Bank (AIIB) Jin Liqun
At the reception, the PM said Vietnam attaches importance to the cooperation with AIIB and will continue collaborating with the bank as a trustworthy and responsible partner.
The State Bank of Vietnam, which represents the country at international financial and monetary organisations such as the World Bank, the Asian Development Bank and the International Monetary Fund, remains the representative of Vietnam at AIIB to take charge of the country’s obligations and activities at this bank.
The Government leader said that Vietnam is borrowing both ODA and commercial loans to develop infrastructure as it has a high demand for infrastructure expansion while having to keep the public debt within the limit.
Therefore, AIIB’s loans which have low cost and do not need the Government’s guarantee are valuable for Vietnam, PM Phuc noted.
The PM highly appreciated AIIB's priority to support and encourage the private sector to invest in infrastructure development, and stressed that Vietnam attaches great importance to attracting private investment, including foreign investors.
He highlighted the Vietnamese Government hopes that beside aiding the public sector, AIIB will also assist the private sector to develop infrastructure in the country.
With the fine relationship, mutual understanding and common efforts, the bank will bring about practical benefits for the course of development in Vietnam, the Cabinet leader.
He noted that AIIB not only provides loans but also brings in modern and environmentally friendly technology and jobs for Vietnam.
The PM also affirmef that Vietnam will exert every effort to support the bank’s activities.
For his part, AIIB President Jin acknowledged the Vietnamese Government’s support for his bank’s activities, adding that he wishes to do more for the local development.
AIIB can give the country loans with concessional terms, which are good for economic development, he said.
The bank vows to step up the provision of loans without the Government guarantee for Vietnam’s private sector since the country has won the trust of the international community, the AIIB President added.
President Jin asked the Vietnamese Government to ensure macro-economic stability and a stable legal system when AIIB give loans to the local private sector. 
He suggested that if Vietnam pays attention to infrastructure development, it will achieve even greater socio-economic achievements in the next decades.
 
Translated by Thu Minh
Source: Nhu Huong-Kinhtedothi.vn
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