At the signing ceremony of the MoU between HCM City and ADB
ADB not only supports Viet Nam’s development programmes but also learns from and shares the country’s experience with other countries, especially in fighting the pandemic and maintaining economic growth.
COVID-19 has partially affected the progress of ADB-funded projects in HCM City, but the bank is resolved to implement its commitments to financial support and technical advice to the city, he said.
In turn, Chairman of the HCM City People’s Committee Nguyen Thanh Phong thanked the bank for its timely financial assistance and policy consultation to developing member countries, including Viet Nam, in the fight against COVID-19.
Mr. Phong also thanked the bank for its support to HCM City in mitigating the pandemic impact on the progress of projects using ADB loans in the locality.
HCM City suggested the ADB facilitate its access to preferential loans for Metro Line No. 2, the first phase of Metro Line No. 5 and the sustainable urban transport project for Metro Line No. 2.
At the reception, Vice Chairman of the HCM City People’s Committee Vo Van Hoan and the ADB Country Director for Viet Nam signed a memorandum of understanding (MoU) on cooperation between the two sides.
By Vien Nhu