AIIB is expected to offer loans to Ho Chi Minh City for infrastructure development

Prime Minister Nguyễn Xuân Phúc tells Jin Liqun, the president of the Asian Infrastructure Investment Bank (AIIB), that the country will strongly support the activities of the bank. AIIB is expected to offer loans to Ho Chi Minh City for infrastructure development. The president of AIIB “said loans would be offered for development projects at preferential rates equal to or better than other international financial organisations. He said that AIIB wanted to help to resolve the city’s problems, including traffic congestion, waste treatment and urban transport infrastructure. The bank will also provide preferential loans to support the city’s private businesses operating in infrastructure development, according to Jin.”