PM Pham Minh Chinh receives Vice President of EIB on the signing of new-generation ODA loans
WVR/VNA - On March 12, Prime Minister Pham Minh Chinh received Vice-President of the European Investment Bank (EIB) Nicola Beer in Hanoi, during which he proposed the bank and Vietnam sign a new-generation official development assistance (ODA) agreement with a larger financial scale, more preferential interest rates, simpler procedures, and less stringent conditions.
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| Prime Minister Pham Minh Chinh (R) welcomes Vice-President of the European Investment Bank Nicola Beer (Photo: VGP) |
This can not only provide financing for the public sector, but also support financial access for the private sector, Prime Minister Chinh suggested.
In addition to promoting ongoing projects, the Prime Minister suggested the bank continue to provide funding for Vietnam and support the country in mobilising capital sources, while offering preferential financial packages for energy transition and large-scale strategic infrastructure development projects, including transportation, healthcare, and education infrastucture. He also called for EIB's assistance in establishing and operating international financial centres in Vietnam.
Reaffirming Vietnam's strong commitment to green and energy transition, especially within the cooperation framework with the EU and the Just Energy Transition Partnership (JETP), the Government leader urged the EIB to share its expertise in mobilising green financial resources, building preferential mechanisms and innovative financial solutions to facilitate renewable energy projects, emissions reduction, and climate adaptation.
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| Thủ tướng Phạm Minh Chính tiếp bà Nicola Beer, Phó Chủ tịch EIB, cùng lãnh đạo cấp cao của EIB và Tập đoàn Brosnan Norden. (Nguồn: VGP) |
For her part, EIB Vice President Beer stated that as one of the world's leading banks, the EIB has maintained financial cooperation with Vietnam since 1997, supporting the country in infrastructure, environment, and energy development, including metro line projects in Hanoi and Ho Chi Minh City. She stressed that with its ability to mobilise capital from European countries and financial institutions, the bank is willing to assist Vietnam through concrete projects, contributing to the country’s goal of 8% growth in 2025 and double-digit growth in the following years.
She expressed her hope that Vietnam will continue administrative reforms to accelerate the disbursement of EIB funding into development projects. She also reaffirmed the bank’s readiness to support Vietnam in developing financial centres, transferring advanced technology, and training human resources as proposed by Prime Minister Chinh.
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