The Vietnamese Government fully supports the International Finance Corporation (IFC)’s policy of mobilizing financial sources for the private sector and providing technical assistance to localities, Deputy Prime Minister Le Minh Khai said.

At a working session with IFC Vice President for Asia and Pacific Alfonso Garcia Mora in Ho Chi Minh City on Friday, Deputy Prime Minister Khai suggested Mora hold working sessions with localities like HCM City, Hai Phong and Thanh Hoa during his trip to assist a number of public-private partnership (PPP) projects and help the localities access long-term financing for infrastructure development.

Vietnamese agencies will continue to closely coordinate with the IFC office in the country to enhance cooperation between the two sides in the time ahead, he said.

The official also called on the IFC to further assist the Government in implementing Vietnam’s commitments at the 26th United Nations Climate Change Conference of the Parties (COP26), which, he said, requires large funding.

He also suggested the IFC continue its coordination with the State Bank of Vietnam in the implementation of the project on bank restructuring and bad debt settlement.

The IFC Vice President said Vietnam is one of the top recipients of the IFC’s capital. Currently, IFC has been strengthening its staff to support Vietnam and will continue to work with Vietnam, especially in green growth, climate change and labor productivity in the private sector.

Source: VOV5