Last updated: Wednesday, March 29, 2017
HCMC Seeks US$50 Billion for Infrastructure DevelopmentPosted: Tuesday, March 07, 2017
By 2030, Ho Chi Minh City needs around US$ 50 billion for infrastructure development and welcomes the Asian Infrastructure Investment Bank (AIIB) to support investors to join the process.
Secretary of the Ho Chi Minh City Party Committee Dinh La Thang made the point on March 6 in HCMC while receiving Mr Jin Liqun, Chairman of the Asian Infrastructure Investment Bank (AIIB).
The host leader highlighted the significance of infrastructure for national development. Thus, the city is willing to cooperate with international financial institutions, including the AIIB in favor of win-win benefits.
In return, Mr Jin Liqun expressed his impression of Viet Nam’s robust developments and vowed to provide additional credits for development projects in Viet Nam.
“There are wide doors for AIIB and HCMC to tap in development period, especially in settlement of traffic congestion, sewage treatment, and urban infrastructure development,” Mr. Jin Liqun said.
He also pledged to study preferential credits for private enterprises engaging in infrastructure development.