Deputy Prime Minister Hoang Trung Hai has hailed the cooperation given
by the World Bank (WB) and its Multilateral Investment Guarantee Agency
(MIGA) in their efforts to attract and support foreign investors in
During a meeting in Hanoi on February 20, Hai and WB Vice
President Michel Wormser discussed MIGA’s financial guarantee for
infrastructure projects in Vietnam in the time to come.
Hai expressed the Vietnamese Government’s support for MIGA-guaranteed
projects, which according to him, will strengthen investors’ confidence
and economic development in the country.
The Government will instruct relevant agencies to speed up the approval of MIGA’s guarantee applications, Hai said.
Wormser pledged next steps will be taken to carry out financial
guarantee for the 450 – 500 million USD Hanoi – Hai Phong Highway
project and another project worth 250 million USD to expand National
Highway No. 20 in Vietnam .
He said he hopes Vietnam ’s ministries and departments will work closely with MIGA to complete the projects as scheduled.-VNA