During his meeting with Hong to update the AIIB’s situations after its eight-year operation and the bank’s interest in potential projects in Vietnam in infrastructure and renewable energy, Jin spoke highly of Vietnam’s impressive socio-economic development achievements.

For her part, the SBV Governor spoke highly of achievements the AIIB has obtained over the past eight years, saying that its operational goals and missions such as green development, private capital mobilisation, technology-supported infrastructure development are consistent with Vietnam’s development goals and compatible with the country’s infrastructure.

Controlling inflation and stabilising the macroeconomy are the steadfast goals of the Vietnamese Government, she said, adding that towards sustainable development, green economic development is one of the tasks focused on by the Government.

Infrastructure development is also a priority of Vietnam, and the country aims to have 5,000km of expressways by 2030, Hong said.

According to the SBV Governor, the private sector is considered an important driving force for economic development.

As Vietnam’s development orientation is very close to the AIIB's goals and strategies, the country attaches importance to the relations with the AIIB, Hong affirmed.

The AIIB, headquartered in Beijing is a multilateral development bank established in 2016 with 57 founding members, including Vietnam, aiming to promote sustainable economic development and infrastructure connectivity in Asia.

To date, the AIIB has funded 274 projects with a total value of over 53.5 billion USD for 37 members. In Vietnam, the AIIB has funded three projects with a total value of 223 million USD, focusing on COVID-19 pandemic response, solar energy development, hydropower and sustainable infrastructure.

During his stay in Vietnam from July 15-19, Jin is scheduled to have working sessions with leaders of ministries, sectors and localities to discuss potential projects in Vietnam.

BIDV, Agribank promise to sell gold ‘without profit’

BIDV and Agribank will sell gold to retail consumers “without profit” to stabilize its prices, representatives for the state-owned lenders have said.

State Bank announces 4th gold bar auction to stabilise prices

The State Bank of Vietnam (SBV) on May 7 announced a morning auction for a total of 16,800 taels of gold in Hanoi on May 8.

Central bank successfully auctions 3,400 taels of SJC-branded gold bars

The State Bank of Vietnam (SBV) released the outcome of the gold bullion auction on April 23, with two winning bidders securing 34 lots, equivalent to 3,400 taels of SJC-branded gold bars.

PM asks central bank to keep interests low and financial access easier

Prime Minister Pham Minh Chinh has tasked the State Bank of Vietnam (SBV) to keep interest rates low and financial access easier for businesses, according to a new directive on Wednesday.

Central bank pushes others to boost lending from start of New Year

The State Bank of Vietnam has issued a directive urging credit institutions to accelerate credit growth from the early months of 2024, a pivotal step toward propelling economic growth.

State Bank of Vietnam sets 15% credit growth target

The State Bank of Vietnam has set banks a credit growth target of 15% this year, up one percentage point from last year’s target.

Source: VNA