Vietnam praises IFC’s support

Vietnam treasures close cooperation and valuable support from the International Finance Corporation (IFC), affirmed Deputy Prime Minister Hoang Trung Hai.

Deputy PM Hai made the remarks at the reception for Jin Yong Cai, Executive Vice President and CEO of the IFC, a member of the World Bank Group, in Hanoi on September 13. 

He said that the IFC’s increased investment has been enjoying practical and effective results. 

Vietnam is in the process of restructuring its economy and has high demand for resources to serve its national development towards industrialisation and modernisation. Therefore, he said, the wants to continue receiving IFC’s financial and technical assistance to help it obtain more resources and experience in increasing social investment, equitising State-owned enterprises (SOEs) and restructuring the banking system, he added. 

Jin Yong Cai affirmed that IFC is always willing to support Vietnam in important spheres during the country’s economic restructuring. 

He also expressed his interest in the establishment of the Public-Private Partnership model in building infrastructure, and pledged to assist Vietnam in restructuring State-owned enterprises and the banking system as well as dealing with bad debts. 

He stressed that IFC can not only act as an investor, but also call on other investors and companies to invest in Vietnam.

VNA/VOV online