Deputy Prime Minister Hoang Trung Hai greets WB Vice President Michel Wormser

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 Vietnam.

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