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The Saigon Times

Saigon Times Group is a leading Vietnamese media organization with prestigious business and consumer publications. After three decades of development, we have built a good reputation through our publications on economy, business and markets for Vietnamese and foreign readers.

Basic

Free

  • Free access to daily domestic news, podcasts and videos

Premium

$5 $1 /month
(VND 23,900)
Monthly Annual

  • Unlimited access to domestic news, podcasts, videos and magazine articles on current social / economic / trade / investment issues, commodity / financial/securities markets, M&A activity, FDI, local and foreign business communities and more.

AUTOMATIC RENEWAL REMINDER

  • Your payment method will then be automatically charged ₫ 899.000 every 365 days thereafter.
  • Your subscription will continue until you cancel.
  • You can cancel by using My account. Under My account, select "Unsubscribe" and then follow the instructions to cancel.
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Ho Chi Minh City
Sunday, July 6, 2025

Vietnam seeks AIIB support for major infrastructure projects

The Saigon Times

Must read

HCMC – Prime Minister Pham Minh Chinh met yesterday, July 16, with Jin Liqun, chairman of the Asian Infrastructure Investment Bank (AIIB), to discuss potential cooperation in major infrastructure projects.

PM Chinh said Vietnam is prioritizing developing roads and bridges, healthcare, education, and digital infrastructure.

The country needs huge investment capital for five key means of transport: road, rail, aviation, sea and inland waterway.

Chinh proposed that AIIB provide advisory services, financing, and concessional loans for major infrastructure projects such as the North-South Expressway, three northern rail lines connecting to China, Central Asia, and Europe, and urban railway systems in Hanoi and HCMC.

AIIB Chairman Jin Liqun expressed support for the Prime Minister’s strategic directions, committing approximately US$5 billion in concessional loans to Vietnam. The funds will focus on large-scale, efficient projects with streamlined procedures.

Established in 2016, AIIB is a multilateral development bank with 57 founding members, including Vietnam. The bank’s membership has grown to 109 countries, representing 81% of the global population and 65% of global GDP. AIIB has approved 274 projects totaling over US$53.5 billion.

AIIB has experience in urban transportation infrastructure projects in India, China, the Philippines, and Turkey.

AIIB has focused on private sector projects in Vietnam, including Covid-19 response, solar energy, hydropower, and climate-resilient infrastructure.

The bank is now exploring funding opportunities for Vietnam’s renewable energy, transportation infrastructure, and water supply projects.

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