Politics

PM Nguyen Xuan Phuc receives JBIC Governor

Vietnam wants to receive support from the Japan Bank for International Cooperation (JBIC) in the developing power projects, Prime Minister Nguyen Xuan Phuc has said.
PM Nguyen Xuan Phuc receives JBIC Governor ảnh 1Prime Minister Nguyen Xuan Phuc (R) receives JBIC Governor Tadashi Maeda in Hanoi on May 16 (Photo: VNA)

Hanoi (VNA) – Vietnam wants to receive support from the Japan Bank forInternational Cooperation (JBIC) in the developing power projects, PrimeMinister Nguyen Xuan Phuc has said.

Hosting a reception for JBIC Governor Tadashi Maeda in Hanoi on May 16, PM Phucexpressed his delight at the sound cooperation between Vietnam and Japan, withJapan continuing to be a leading economic partner of Vietnam.

As Vietnam is mobilising resources to branch out production, business andinfrastructure construction, PM Phuc hoped that Vietnam and JBIC would haveeffective cooperation measures in the coming time.

Tadashi Maeda, for his part, believed that cooperative ties with Vietnam would bepromoted, adding both sides will discuss investment for sustainable developmentat the upcoming G20 Summit & Ministerial Meetings in Japan.

Vietnam wants to develop power energy, thus JBIC stands ready to work withVietnamese partners in thermal-electrical projects with advanced technologiesto protect the environment, he said.

He recommended Vietnam develop gas-to-power projects, and it is necessary forthe country to carry out the projects in the public-private partnership modewith risks shared between the Government and private companies.

JBIC is considering loaning the Electricity of Vietnam and the Vietnam Oil andGas Group to develop environmentally-friendly power projects, he added.

PM Phuc wished that JBIC, with considerable experience, would help Vietnam completeinstitutions and law in PPP investment.-VNA
VNA
#Japan Bank for International Cooperation (JBIC)#power projects#Prime Minister Nguyen Xuan Phuc#JBIC Governor Tadashi Maeda#sustainable development#G20 Summit & Ministerial Meetings#gas-to-power projects#Vietnam News Agency#Vietnamplus
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