Liem made the statement at a reception for Kyle F.Kelhofer, IFC Senior Country Manager for Vietnam, Laos and Cambodia, in the Southern city on November 17.

While affirming that the IFC’s financial assistance and investment mobilization have contributed significantly to the city’s development,  Liem asked for further support from the IFC, particularly in attracting, managing and effectively using foreign investments.

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Scene at the working session between Le Thanh Liem, Vice Chairman of the ​Ho Chi Minh City People’s Committee (right, second), and Kyle F.Kelhofer, IFC Senior Country Manager for Vietnam, Laos and Cambodia (left, second). (Photo: hcmcpv.org.vn)

For his part, Kelhofer said the IFC wants to assist Ho Chi Minh City in seeking and luring capital from investors and international financial partners for the city’s infrastructure development.

He noted that cooperation programs with the IFC could enable the Southern economic hub to access diverse sources of funding with low interest rates.

Kelhofer told his host that the IFC is willing to share experiences with the city on how to effectively attract, manage and use foreign capital, and provide technical support to help the city implement public-private partnership (PPP) projects.

At the working session, both sides agreed to boost relevant studies in a bid to soon turn their bilateral cooperation plans into practical and feasible projects.

The IFC, a member of the World Bank Group, has operated in Vietnam since 1994. It has so far mobilized USD 5.6 billion to fund 123 projects in infrastructure development, agriculture, renewable energy and banking in the country.

Source: VNA