Ho Chi Minh City always regards the Asian Development Bank (ADB) as a major partner that plays an important role in the city’s development, a local official has said.
At a reception for ABD Country Director in Vietnam Andrew Jeffries in the city on March 19, Chairman of the municipal People’s Committee Nguyen Thanh Phong said the projects using ADB loans have significantly contributed to local socio-economic development. (Photo: VNA)
HCM City (VNA) – Ho Chi Minh City always regards the Asian Development Bank (ADB) as amajor partner that plays an important role in the city’s development, a localofficial has said.
At a reception for ABD CountryDirector in Vietnam AndrewJeffries in the city on March 19, Chairman of the municipal People’s CommitteeNguyen Thanh Phong said the projects using ADB loans have significantlycontributed to local socio-economic development.
HCM City stands ready to cooperate the ADB Country Director aswell as the bank’s office to effectively roll out ADB projects in the southernmetropolis, he affirmed.
Phong proposed ADB leaders help HCM City speed up thedisbursement of loans and as well as the progress of ongoing projects, saying thetwo sides should continue realising the memorandum of understanding reachedlast June fruitfully.
He called for ADB support in four development projects inthe southern economic hub for the 2020-2025 period with a vision towards 2030.
The bank will become not only a loan supplier of HCM City,but also a technical and policy consultant for the locality, especially inimproving the capacity of local officials, Phong believed.
For his part, Jeffries said his visit forms part of the ADB’s CountryProgramming Mission, aiming to work with Vietnamese ministries, agencies andlocalities on the bank’s operation programme in the country in the time ahead.
LaudingHCM City’s development potential and position, both regionally and nationally, Jeffriesaffirmed that the ADB always places importance on HCM City in its cooperationwith Vietnam.
TheADB wishes and stands ready to foster collaboration with the city in its construction and development, firstly in activities to improve cooperationefficiency of projects using ADB loans in the locality, he said.
Earlier,the ADB delegation was received by Vice Chairman of the People’s Committee LeHoa Binh, during which the two sides sought ways to speed up the implementationof such projects./.
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At a reception for ABD Country Director in Vietnam Andrew Jeffries in the city on March 19, Chairman of the municipal People’s Committee Nguyen Thanh Phong said the projects using ADB loans have significantly contributed to local socio-economic development. (Photo: VNA) 
