At the meeting (Photo: thanhuytphcm.vn)

During the meeting, Mr. Tuyen expressed his thanks for IFC activities in Vietnam in financial and technological support as well as mobilization of foreign investment, especially from the private sector. In Ho Chi Minh city alone, the IFC has carried out diverse activities to realize the memorandum of understanding signed between the city People’s Committee and the IFC last December, especially those in assessing credit confidence and training on green city.

According to Mr. Tuyen, capital and technology are 2 factors that the city really needs during its process of building a smart city; therefore, it hopes to receive experience and consultancy from the IFC in mobilizing capital from experienced businesses that have high technology, in order to help the city develop in a sustainable and environment friendly way.

“Building a green city, treating waste and wisely using energy are also among the city’s challenges,” he said, adding that he hoped the IFC would support the city in addressing these problems by giving consultancy on projects, linking investors, and efficiently carrying out specific projects.

Appreciating the memorandum of understanding between the city and the IFC, which he said laid a foundation for the effective cooperative activities, Mr. Kyle Kelhofer thanked the city for actively working with the IFC in carrying out cooperative projects.

He confirmed that the assessment of credit confidence was of great significance, showing the value of confidence in the city, thus helping it issue credit bonds and receiving capital from investors for development without the Government’s guarantee.

The IFC pledged to support the city in carrying out public private partnership (PPP) cooperative projects, in order to prove that Vietnam and Ho Chi Minh can take advantage of international experience in attracting capital for development.

Mr. Kyle Kelhofer also stressed that the IFC has experienced human resources to support Ho Chi Minh city’s building of green works, adding that he hoped its success in using PPP and mobilizing capital from credit confidence or building green works would become a model of development for Vietnamese and even other large Asian cities./.

Compiled by BTA