PM urges EIB to provide Vietnam with new-generation ODA loans
(VOVWORLD) - Prime Minister Pham Minh Chinh has proposed the European Investment Bank (EIB) 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.
 PM Pham Minh Chinh welcomes EIB Vice-President Nicola Beer in Hanoi on March 12, 2025. (Photo: VGP/Nhat Bac) |
Receiving EIB Vice-President Nicola Beer in Hanoi on Wednesday, PM Chinh said such funding not only provides financing for the public sector, but also supports financial access for the private sector.
He also called for the EIB's assistance in establishing and operating international financial centres in Vietnam.
Vice President Beer said 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.
The guest 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.