Deputy PM greets Asia Infrastructure Investment Bank’s leader
Deputy Prime Minister Pham Binh Minh hosted a reception for D.J Pandian, Vice President and Chief Investment Officer of the Asia Infrastructure Investment Bank (AIIB) in Hanoi on January 18.
Deputy Prime Minister and Foreign Minister Pham Binh Minh (Source: VNA)
Hanoi (VNA) –Deputy Prime Minister and Foreign Minister Pham Binh Minh hosted a receptionfor D.J Pandian, Vice President and Chief Investment Officer of the AsiaInfrastructure Investment Bank (AIIB) in Hanoi on January 18.
Deputy PM Minh spoke highly of efforts of the AIIB’s member nations in acceleratingthe establishment and operation of the bank, which is now one of the key internationalfinancial organisations in the region.
Just less than one year after its formation, the bank has set up ties with manyinternational financial institutions and many countries have expressed theirwish to become its members, he stressed.
The Deputy PM hopes Vice President Pandian will give support and necessaryconsultation to Vietnam on areas where the AIIB and Vietnam can cooperate.
He affirmed that Vietnam will effectively use loans provided by the AIIB forinfrastructure development in the country, adding that Vietnam hopes the bankwill become a reliable investment channel for Asian countries, particularlydeveloping nations like Vietnam.
He suggested the AIIB work closely with the State Bank and relevant agencies ofVietnam, towards achieving high consensus in building and approving investmentprojects of the Vietnamese side in the coming time.
For his part, Vice President Pandian highlighted Vietnam’s active andsignificant contributions to the bank’s formation and development process.
In its development strategy, the AIIB considers Vietnam as an importantpartner, he said, noting that the bank can make practical contribution toVietnam’s development through cooperation on infrastructure investment.
He expressed his hope that Vietnam and the bank will define specific directionsand roadmaps for their partnership in the coming time.-VNA
Twenty-one Asian countries signed a Memorandum of Understanding (MoU) on establishing the Asian Infrastructure Investment Bank (AIIB) which has authorised capital of up to 100 billion USD and a proposed initial subscribed capital of around 50 billion USD.
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Governor of the State Bank of Vietnam (SBV) Nguyen Van Binh and representatives from other founder countries of the Asian Infrastructure Investment Bank (AIIB) signed an agreement on the framework and management structure of the bank on June 29 in Beijing, China.
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Deputy Prime Minister and Foreign Minister Pham Binh Minh (Source: VNA) 
