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AIIB eyes infrastructure development in Viet Nam

Update: January, 13/2017 - 13:00
Party General Secretary Nguyễn Phú Trọng and representatives of AIIB in China. — Photo Trí Dũng
Viet Nam News

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

Jin made the statement at a meeting with Party General Secretary Nguyễn Phú Trọng, who is on a visit to China, on Friday.

Acknowledging the contribution of Việt 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 co-operation in the field yield practical outcomes.

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

He said Việt 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 Việt Nam’s reform and industrialisation-modernisation process.

Trọng said Việt 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 Việt Nam.

Trọng said Việt 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 Việt Nam, particularly in the construction of seaports, railways, subways and underground pedestrian crossings. — VNS

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