Prime Minister Pham Minh Chinh receives Asian Infrastructure Investment Bank (AIIB) President Jin Liqun in Hanoi on July 16, 2024. (Photo: VGP/Nhat Bac)

At the reception, PM Chinh said Vietnam is pursuing three strategic breakthroughs, one of which is strategic infrastructure in such fields as transport, healthcare, education, culture, sports, climate change adaptation, digital infrastructure, green infrastructure, and circular economy.

He proposed that the AIIB provide Vietnam with advice support and concessional loans for large-scale, high-efficiency infrastructure projects that have the potential to reshape the nation, including the North-South hi-speed railway, three northern railway lines connecting with China and extending to Europe and Central Asia, and urban railway lines in Hanoi and Ho Chi Minh City.

The AIIB President praised Vietnam's remarkable economic achievements and growth, especially in the face of global economic challenges. He announced that AIIB will allocate approximately 5 billion USD at preferential interest rates to support Vietnam.

He fully agreed with the cooperation directions outlined by PM Chinh, with a particular focus on large-scale projects.