(MPI) - On September 11th, 2018, at the headquarters of the Ministry of Planning and Investment, Deputy Minister of Planning and Investment Le Quang Manh had a meeting with Vice President of Asia Infrastructure Investment Bank (AIIB) Joachim von Amsberg to exchange upcoming investment orientations.
Deputy Minister Le Quang Manh and Vice President Joachim von Amsberg at the meeting.
Photo: Minh Hau (MPI)
At the meeting, Deputy Minister Le Quang Manh welcomed Vice President Joachim von Amsberg and the AIIB delegation visiting and working at the Ministry of Planning and Investment, and he praised the development process of AIIB in the last years. At the same time, he highly appreciated operational objectives as well as prioritized areas of AIIB and hopes that in the coming time, AIIB will support Vietnam through practical and efficient projects. Deputy Minister Le Quang Manh expressed his agreement with AIIB’s orientations on focusing on sustainable infrastructure development, transnational connections, private funds mobilization, and he expressed his interest in AIIB's funding methods in the coming time.
Speaking at the meeting, Vice President Joachim von Amsberg thanked Deputy Minister Le Quang Manh for taking his time to welcome the delegation and said that in the last time, Vietnam has been very dynamic in contributing opinions for the development of AIIB. Vice President Joachim von Amsberg hopes that the two sides will continue exchanging and sharing more areas, projects, and orientations prioritized for investment to jointly formulate lists of projects with high efficiency. Mr. Joachim also shared with the Deputy Minister, even though AIIB is still a young organization, after more than 2 years of operation, AIIB has the credit rating equivalent to other prestigious international financial institutions such as WB and ADB; especially, S&P Global ranked AIIB at AAA/A-1 +; Moody's Investors Service at Aaa/P-1; and Fitch Ratings at AAA / F1 +.
AIIB focuses on three priority areas for infrastructure investment projects, namely transportation, energy and urban development. Over the last years, AIIB has been developing strategies related to these three priority areas. AIIB's strategic priorities in the early years of operation were Sustainable Infrastructure, Transnational Connections and Private Funds Mobilization.
Currently, AIIB is considering some forms of assistance to support Vietnam, at the same time, seeking opportunities for cooperation with commercial banks in Vietnam.
At the meeting, the two sides expressed their hope that in the coming time, they will continue to strengthen their exchanges and cooperation through the formulation and implementation of projects, including sustainable infrastructure development projects, contributing to the economic growth of Vietnam./.
AIIB is a multilateral development bank, established on January 16th, 2016 in Beijing, China with 57 founders, including Vietnam. The number of members has now grown to 87 countries and territories. The operational objectives of AIIB are to promote sustainable economic development, promote infrastructure connectivity in Asia through investment in infrastructure and other productive sectors; promote cooperation and partnerships in dealing with challenges during development process through close coordination with bilateral and multilateral development organizations.
Ministry of Planning and Investment