Vietnam's Central Bank Governor to Attend IMF/WB Annual Conference

Vietnam Prime Minister Nguyen Tan Dung has just okayed to send Nguyen Van Giau, newly-appointed governor of State Bank of Vietnam to attend the annual conference of the World Bank and International Monetary Fund slated for Oct 18-22 in Washington, the U.S, the Government Office announced.

 

The governor Giau will make the tour at the expense of WB/IMF organizing committee. However, no detailed information was disclosed.

 

In recent reception given to new World Bank President Robert Zoellick, PM Nguyen has called for more financial supports to develop Vietnam’s infrastructure systems and boost human resources development to shift to a medium income earner by 2010.

 

Robert Zoellick urged Vietnam to build market institutions including improving governance, transparency, rule of law, financial systems and attach importance to developing private economic sectors.

 

The International Finance Corp (IFC) under the WB will raise its loans to US$500 million which will be invested in infrastructure, deepwater seaport and power projects in Vietnam in the coming time, Robert Zoellick said.

 

The WB will put Vietnam on the list of the countries that are to be loaned by the International Bank for Reconstruction and Development.

 

In February, the World Bank said it planned to lend Vietnam at least US$4 billion over the next five years, but Zoellick said it could bring more loans and generate investments through its private sector arm.