(VOVworld) - Governor of the State Bank of Vietnam (SBV) Nguyen Van Binh and representatives from other founding countries of the Asian Infrastructure Investment Bank (AIIB) signed an agreement on the framework and management structure of the bank on Monday in Beijing.  

Governor of the State Bank of Vietnam (SBV) Nguyen Van Binh

The Bank will have a total charter capital of 100 billion USD. Its main objectives are to boost sustainable economic growth through investing in regional infrastructure, focusing on transport, energy, telecommunications, agriculture, the environment, and urban development.

Scheduled to make its debut at the end of this year, AIIB now has 57 founding members. Vietnam and other ASEAN countries were the first to support the idea of the AIIB and begin negotiations for the bank’s establishment.