HCM City, IFC target result-oriented cooperation

16:15 | 17/06/2018 Economy

Ho Chi Minh City will work closely with the International Finance Corporation (IFC) in translating the memorandum of understanding (MoU) signed by the two sides into projects, said a municipal official.

Vice Chairman of the HCM City People’s Committee Tran Vinh Tuyen discusses with Kyle Kelhofer, IFC Country Manager for Cambodia, Laos and Vietnam

At a reception for Kyle Kelhofer, IFC Country Manager for Cambodia, Laos and Vietnam, in HCM City on June 12, Vice Chairman of the municipal People’s Committee Tran Vinh Tuyen thanked the institution’s financial support and technical consultations as well as its assistance to Vietnam in mobilizing foreign investments, especially from the private sector.

IFC has actively implemented the MoU it inked with HCM City in December 2017, particularly through the project on building a program assessing credit confidence in the city, and training courses on green cities for municipal officials, Tuyen said.

He urged the corporation to share experience with and provide consultations for the city in mobilizing financial resources and investors having adequate experience and technologies in order to help the locality develop in a sustainable and environmentally friendly fashion.

The official called on IFC to assist the city in addressing issues regarding green city building, waste treatment and efficient use of energy resources through consultations and connection with investors.

In reply, Kyle Kelhofer said IFC commits to continuing its assistance to the city in carrying out public-private partnership (PPP) projects, stressing that IFC has enough experienced personnel to help the Vietnamese southern metropolis build green facilities.

IFC hopes that with successes in using the PPP, mobilizing capital from financial confidence and building green facilities, HCM City would become an example of development for other major urban areas in Vietnam and Asia.