Prime Minister Nguyen Xuan Phuc received Philippe Le Houerou, CEO of the International Finance Corporation (IFC) – a member of the World Bank (WB) Group, in Hanoi on August 15.
Prime Minister Nguyen Xuan Phuc (R) shakes hands with Philippe Le Houerou, CEO of the International Finance Corporation (Photo: VNA)
Hanoi (VNA) – Prime Minister Nguyen Xuan Phucreceived Philippe Le Houerou, CEO of the International Finance Corporation(IFC) – a member of the World Bank (WB) Group, in Hanoi on August 15.
At the reception, PM Phuc praised the cooperation betweenVietnam and the IFC in terms of financial funding and advice on macroeconomicand financial policies.
He briefed his guest on the country’s current economicaffairs with stable growth, good macroeconomic indexes, and increasing foreigninvestment, adding that collaboration and support from the IFC and WB havecontributes to such achievements.
For his part, Houerou said Vietnam is a suitable partner forthe IFC to expand its cooperation with, highlighting an increase in IFCactivities in Vietnam recently as well as the significant potential for bilateralcollaboration in infrastructure.
The IFC can help Vietnam switch to clean energy, build powerlines, and boost the use of liquefied gas, the CEO said, adding that thecorporation wants to continue supporting the development of Vietnam’s small-and medium-sized enterprises. He hoped for assistance from the Vietnamese Governmentand the PM during such process.
Agreeing with Houerou, Phuc stressed the potential of theprivate sector in Vietnam. He said the sector can enjoy even strongerdevelopment with proactive support from the WB and IFC.
Pointing to the risk of energy shortage, particularlyelectricity, in the country, the Government leader asked the IFC to assistVietnam in developing renewable energy and upgrading overloaded power lines inkey areas.
He also called for help from the IFC for Vietnam inenvironmental development, energy, clean water, finance, and poverty alleviation.
The PM also took the occasion to invite the IFC manager toattend activities hosted by Vietnam as the Chair of ASEAN next year.
Concurring with his host, Le Houerou said that the IFC isstrengthening its financial and securities consultation for Vietnam and thecorporation is committed to working closely with Vietnamese ministries andsectors to tap the country’s growth potential.
IFC is the largest global development institution focused onthe private sector in developing countries. It has operated in Vietnam since1992.-VNA
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Prime Minister Nguyen Xuan Phuc (R) shakes hands with Philippe Le Houerou, CEO of the International Finance Corporation (Photo: VNA) 
