ADB continues infrastructure investment in VN

VGP – Viet Nam should continue to implement fiscal reforms in order to bridge its infrastructure investment gap.

March 09, 2017 12:53 PM GMT+7

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The ADB’s Vice President Bambang Susantono made the recommendation at a meeting with the media on March 8 as part of his working visit to Viet Nam.

He suggested Viet Nam pay further attention to fiscal renovation, including tax reform, spending re-orientation as well as prudence in borrowing and collecting non-tax revenues.

The vice president also urged Viet Nam to boost the participation of the private sector, creating attractive environmental climate and deepening the capital market. The Vietnamese Government should sort out priorities for spending and investment, he highlighted.

Meanwhile, ADB Country Director for Viet Nam Eric Sidgwick underlined measures to attract private investment in infrastructure development as well as the ADB’s role as a sponsor for infrastructure projects in the future.

By Vien Nhu