Vietnam wants AIIB to be effective regional development bank
Vietnam wants the Asian Infrastructure Development Bank (AIIB) to become a prestigious and effective development bank of the region, President Tran Dai Quang has told AIIB President Jin Liqun.
President Tran Dai Quang (R) receives AIIB President Jin Liqun in Da Nang city on November 9 (Photo: VNA)
Da Nang (VNA) – Vietnam wants the AsianInfrastructure Development Bank (AIIB) to become a prestigious and effectivedevelopment bank of the region, President Tran Dai Quang has told AIIBPresident Jin Liqun.
At the meeting in Da Nang city on November 9,President Quang welcomed Jin’s active participation in the APEC CEO Summitwhile hailing AIIB’s performance over almost two years since its inception.
As one of the first countries to support theestablishment of AIIB, Vietnam wants AIIB to become a prestigious and effectivedevelopment bank of the region so as to meet member countries’ interests, henoted.
He affirmed that Vietnam will continue engagingin AIIB as a reliable and responsible partner by fulfilling all obligations ofa member country, and also hope for more assistance from the lender.
The country has demand for capital forinfrastructure development and upgrade, and AIIB is one of the potentialcapital sources, President Quang said, asking the bank to work with relevantagencies of Vietnam to specify suitable funding mechanisms and methods.
AIIB President Jin said President Quang’simpressive speech at the APEC CEO Summit inspired businesses to increaseinvestment and business activities in Vietnam. He also highly valued Vietnam’sactive contribution to his bank’s foundation and activities.
As Vietnam boasts huge development potential,infrastructure investment for socio-economic development is still an importantstrategy of the country. AIIB pledges to help the country access its capitalsources to meet this demand, Jin added.
The AIIB leader was in Da Nang to attendactivities of the APEC CEO Summit, part of the APEC Economic Leaders’ Week fromNovember 6 to 11.-VNA
President Tran Dai Quang and Philippine President Rodrigo Roa Duterte have agreed to roll out measures to promote related mechanisms to implement bilateral agreements and improve effectiveness of existing cooperation mechanisms to enhance partnership in specific areas.
President Tran Dai Quang had a bilateral meeting with Malaysian Prime Minister Najib Tun Razak in central Da Nang city on November 9 within the framework of the ongoing APEC Economic Leaders’ Week.
Vietnam treasures and wishes to expand the friendship and multi-faceted cooperation with Peru, President Tran Dai Quang told Peruvian President Pedro Pablo Kuczynski in central Da Nang city on November 9.
President Tran Dai Quang received State Counsellor of Myanmar Aung San Suu Kyi in the central city of Da Nang on November 9 on the sidelines of the ongoing APEC Economic Leaders’ Week.
Vietnam is willing to support and share experience to help Papua New Guinea fulfil its role as host of the APEC Year 2018, stated President Tran Dai Quang.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Outcomes of ABAC III will shape ABAC’s final policy recommendations to be submitted to the ABAC-APEC leaders’ dialogue, scheduled to take place in the Republic of Korea this November.
This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
President Tran Dai Quang (R) receives AIIB President Jin Liqun in Da Nang city on November 9 (Photo: VNA) 
