CATEGORIES

© Copyright 2004; Hanoitimes - Economic and Urban Newspaper;

The tribune of Hanoi People’s Committee

Publication Permit: 29/GP-CBC

Editor - in - Chief: Nguyen Thanh Loi

Managing Editor: Ta Thu Giang

Email : thugiang@hanoitimes.vn

Head Office: 21 Huynh Thuc Khang Street, Dong Da District, Hanoi

Branch Office: 221 Tran Phu Street, Ha Dong District, Hanoi

WORDS ON THE STREET 70th anniversary of Hanoi's Liberation Day Vietnam - Asia 2023 Smart City Summit Hanoi celebrates 15 years of administrative boundary adjustment 12th Vietnam-France decentrialized cooperation conference 31st Sea Games - Vietnam 2021 Covid-19 Pandemic
Home / Investment / ODA projects
PM Phuc suggests OFID to prioritize funding for Vietnam
Tuan Minh 13:56, 2017/05/24
Vietnam welcomes technical support from the OPEC Fund for International Development (OFID) via official development assistance and preferential loans.
 
PM Nguyen Xuan Phuc and OFID Director-General Suleiman Jasir Al-Herbish
PM Nguyen Xuan Phuc and OFID Director-General Suleiman Jasir Al-Herbish

Prime Minister Nguyen Xuan Phuc made the remark when talking about Vietnam’s demand for infrastructure development at a meeting with OFID Director-General Suleiman Jasir Al-Herbish in Hanoi on May 23.

The PM lauded the signing of a 21.8 million USD loan agreement between the Finance Ministry and OFID on May 22 for the construction of Dam Vac Bridge in the northern province of Vinh Phuc. He noted that the two sides have implemented many effective joint projects in Vietnam’s remote areas. 

He asked the OFID to continue financing projects in Vietnam, adding that the Government is willing to work with the fund in designing programmes in line with OFID funding criteria and the country’s growth strategy.


Stressing that Vietnam wants to develop the private sector, the PM called on the OFID to create favourable conditions for the sector access the fund’s capital. He suggested holding discussions on the matter and assigned the Finance Ministry to work on the cooperation.

For his part, Suleiman Jasir Al-Herbish said his current visit reflects the OFID’s willingness to expand affiliation with Vietnam in any field at any time within its capacity.

Noting 2018 will mark 40 years of collaboration between the OFID and Vietnam, he said the joint work has produced sound outcomes and unveiled that the organisation is studying a number of projects in the country.

The OFID hopes the Prime Minister will direct relevant agencies to prepare all needed procedures for joint projects so that they can be signed right after being approved by the OFID executive board, he said.

The OFID Director-General said his organisation has a private sector department that could work with the Vietnamese Finance Ministry on cooperation between OFID and Vietnam’s private sector.
Comments
Other news
15:58, 2023/10/18
Japan gives Vietnam biggest-ever ODA package
The focus of the financial support is infrastructure, manpower, and post-pandemic economic recovery.
15:45, 2023/10/18
Japan gives Vietnam biggest-ever ODA package
The focus of the financial support is infrastructure, manpower, and post-pandemic economic recovery.
20:59, 2023/07/05
Japan provides US$422 million ODA loans to Vietnam
The loans enable Vietnam to boost its recovery strategies adopted by the National Assembly in early 2022.
16:49, 2023/04/16
Prime Minister calls for Metro No. 1 project to be completed by September
Completion of the Metro No. 1 project is scheduled for the fourth quarter of 2023, after 12 years of construction.
15:57, 2021/10/23
70% highway road in Vietnam built with Japan loans
Infrastructure projects help smooth economic connectivity among parts of Vietnam and between the country and other ASEAN nations.
05:26, 2019/10/23
Vietnam should be cautious about environmental impact investment: JICA
Inflows from emerging countries might fail to meet environmental protection requirements.