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Vietnam looks to sustainable infrastructure development

15/5/15


Sustainable infrastructure development is a strategic breakthrough in Vietnam socio-economic development, said Deputy Prime Minister Vu Van Ninh at the 38th session of the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) held in Nha Trang city, central Khanh Hoa province on May 14.
Vietnam has issued a resolution on the subject and implemented a number of projects to build highways, airports and seaports, develop clean energies, and afforest, he stated.
The government leader also lauded practical activities launched by the ADFIAP.
According to ADFIAP Chairman Pema Tshering, Asia needs around 750 billion USD to improve its infrastructure each year with focuses on transportation, telecommunications, energy, clean water supply and sanitation.
Regional growth depends largely on the standards of its infrastructure, which has received significant funding from the ADFIAP, he said.
The conference gathered more than 100 participants including State officials, ADFIAP representatives and business leaders. Their discussion revolved around relevant policy frameworks, sponsorships and support systems.
Comments from participants urged the ADFIAP to consolidate its role and capitalise on the dynamic regional growth.
A joint statement was issued concluding the session, highlighting boosting capital mobilisation and investments, strengthening sponsorship and business collaboration and developing support systems, among others.
Founded in 1976, the ADFIAP aims to advance sustainable development through enhancing the financial capacity of its members; 131 institutions in 45 countries have thus far joined the organisation.


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All comments [ 10 ]


John Smith 15/5/15 16:05

Sustainable infrastructure expansion is a vital breakthrough in
Vietnam socio-economic development

Gentle Moon 15/5/15 16:06

Vietnam has obtained substantial socio-economic development since it carried out the Doi Moi (Renewal) process in 1986

LawrenceSamuels 15/5/15 16:07

Vietnam has made the transition from an underdeveloped economy to a middle income nation with an average economic growth rate of 7% per year

Red Star 15/5/15 16:08

It slowed down in 2011-12 due to the global economic recession, but showed signs of steady recovery in 2013, with GDP rising to 5.4% and estimated to expand to 6% in 2014.

yobro yobro 15/5/15 16:08

Vietnam was one of 40 developing countries to have exceeded expectations in human development, with its index increasing 41% over the past two decades.

Voice of people 15/5/15 16:09

nearly 31 million people in Vietnam use the Internet, accounting for around 34% of the country's population, and ranking third in Southeast Asia and eighth in Asia.

Vietnam Love 15/5/15 16:10

Despite the negative impact of the global economic slowdown, Vietnam has managed to accelerate social welfare programmes, testifying to the country's determination to promote economic growth whilst ensuring social equality and progress.

Me Too! 15/5/15 16:10

To obtain sustainable growth, Vietnam has no choice but to accelerate economic reform and renovate the growth model, with priority given to quality, efficiency and competitiveness.

Socialist Society 15/5/15 16:11

Humanity is the key factor behind development. The State must ensure human rights and create optimum conditions for people to stimulate their creativity and comprehensive development.

For A Peace World 15/5/15 16:12

Vietnam should choose an inclusive and sustainable growth model in the reform process, she suggested, pledging the UNDP's strong support for Vietnam's reform efforts.

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