Deputy Prime Minister and Foreign 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 PM Minh spoke highly of efforts of the AIIB’s member nations in accelerating the establishment and operation of the bank, which is now one of the key international financial organisations in the region. 

Just less than one year after its formation, the bank has set up ties with many international financial institutions and many countries have expressed their wish to become its members, he stressed. 

The Deputy PM hopes Vice President Pandian will give support and necessary consultation to Vietnam on areas where the AIIB and Vietnam can cooperate. 

He affirmed that Vietnam will effectively use loans provided by the AIIB for infrastructure development in the country, adding that Vietnam hopes the bank will become a reliable investment channel for Asian countries, particularly developing nations like Vietnam. 

He suggested the AIIB work closely with the State Bank and relevant agencies of Vietnam, towards achieving high consensus in building and approving investment projects of the Vietnamese side in the coming time. 

For his part, Vice President Pandian highlighted Vietnam’s active and significant contributions to the bank’s formation and development process. 

In its development strategy, the AIIB considers Vietnam as an important partner, he said, noting that the bank can make practical contribution to Vietnam’s development through cooperation on infrastructure investment.

He expressed his hope that Vietnam and the bank will define specific directions and roadmaps for their partnership in the coming time.

VNA