Sustainable infrastructure development is a strategic breakthrough inVietnam socio-economic development, said Deputy Prime Minister Vu VanNinh at the 38th session of the Association of Development FinancingInstitutions in Asia and the Pacific (ADFIAP) held in Nha Trang city,central Khanh Hoa province on May 14.

Vietnam hasissued a resolution on the subject and implemented a number of projectsto build highways, airports and seaports, develop clean energies, andafforest, he stated.

The government leader also lauded practical activities launched by the ADFIAP.

According to ADFIAP Chairman Pema Tshering, Asia needs around 750billion USD to improve its infrastructure each year with focuses ontransportation, telecommunications, energy, clean water supply andsanitation.

Regional growth depends largely on thestandards of its infrastructure, which has received significant fundingfrom the ADFIAP, he said.

The conference gathered morethan 100 participants including State officials, ADFIAP representativesand business leaders. Their discussion revolved around relevant policyframeworks, sponsorships and support systems.

Comments from participants urged the ADFIAP to consolidate its role and capitalise on the dynamic regional growth.

A joint statement was issued concluding the session, highlightingboosting capital mobilisation and investments, strengthening sponsorshipand business collaboration and developing support systems, amongothers.

Founded in 1976, the ADFIAP aims to advancesustainable development through enhancing the financial capacity of itsmembers; 131 institutions in 45 countries have thus far joined theorganisation.-VNA