TPO – Prime Minister Pham Minh Chinh proposed that AIIB continue to support Vietnam in mobilizing resources to implement large, symbolic projects such as the Lao Cai – Hanoi – Hai Phong and Lang Son – Hanoi standard gauge railways.
On October 10, Prime Minister Pham Minh Chinh received President of the Asian Infrastructure Investment Bank (AIIB) Jin Liqun on the occasion of attending the 44th and 45th ASEAN Summits and related Summits.
At the reception, Prime Minister Pham Minh Chinh highly appreciated the contributions of AIIB to Vietnam's development in recent times; affirmed that Vietnam will continue to attach importance to and actively and responsibly participate in AIIB's cooperation initiatives.
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Prime Minister receives AIIB President Jin Liqun. |
Sharing Vietnam’s socio-economic development policies and strategies, Prime Minister Pham Minh Chinh emphasized Vietnam’s high priority in developing strategic road and railway infrastructure. The Prime Minister asked AIIB to continue supporting Vietnam in mobilizing resources to implement large, symbolic projects such as the Lao Cai – Hanoi – Hai Phong and Lang Son – Hanoi standard gauge railways; and requested AIIB to provide preferential loans, technology transfer and human resource training to implement these important projects.
AIIB President Jin Liqun highly agreed with Prime Minister Pham Minh Chinh's proposals, emphasizing the importance and spillover effects of large-scale infrastructure projects on connectivity, improving logistics capacity and socio-economic development in localities, thereby attracting more high-quality investment capital into Vietnam.
Mr. Kim Lap Quan affirmed that AIIB will continue to accompany and support Vietnam in mobilizing resources to develop key infrastructure, ensuring energy for the operation of high-speed railways; participating in transport infrastructure projects, healthcare, climate change adaptation and energy transition in the Mekong sub-region.
The two sides agreed to establish working groups to conduct pre-feasibility studies for cooperation projects; strengthen the connection between Vietnam's "Two Corridors, One Belt" Initiative and China's "Belt and Road" Initiative; and jointly promote the AIIB to become a prestigious and highly effective regional development bank that meets the practical needs and interests of member countries.
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