Vietnam and AIIB Strengthen Cooperation on Key Investment Projects

Strategic Insights -

Vietnamese Prime Minister Pham Minh Chinh met with the President of the Asian Infrastructure Investment Bank (AIIB) Kim Lap Quan in Tianjin, China, on August 31, to discuss cooperation on key investment projects, particularly in infrastructure connection and socio-economic development. The meeting aimed to promote bilateral cooperation and explore opportunities for AIIB's support in implementing Vietnam's key investment projects. Prime Minister Chinh highlighted Vietnam's high growth target of 8.3-8.5% in 2025 and the significant capital demand that comes with it, while also emphasizing the country's commitment to maintaining a safe public debt level. The two sides agreed to continue exploring opportunities for cooperation, with AIIB reaffirming its commitment to support Vietnam in mobilizing capital for key infrastructure projects, including renewable energy and climate change response initiatives.

Key Takeaways:

  • Vietnam aims to achieve a growth rate of 8.3-8.5% in 2025, requiring significant capital investment.
  • Vietnam's public debt level has consistently been within a safe threshold, decreasing from 55.9% in 2020 to 34% by 2024.
  • AIIB has agreed to continue supporting Vietnam in funding key infrastructure projects, including those related to renewable energy and climate change response.
  • The two sides emphasized the importance of regular review and removal of difficulties in their cooperation.
  • Prime Minister Chinh thanked AIIB for its cooperation and invited the President to visit Vietnam in September 2024.
  • AIIB has reaffirmed its commitment to accompanying and supporting Vietnam in mobilizing capital for key infrastructure projects.

Statistics:

  • Vietnam's public debt level decreased from 55.9% in 2020 to 34% by 2024.
  • Vietnam aims to achieve a growth rate of 8.3-8.5% in 2025 and 2026.
  • AIIB has agreed to support Vietnam in mobilizing capital for key infrastructure projects, including renewable energy and climate change response initiatives.

Sources:

  • "Prime Minister Pham Minh Chinh receives President of Asian Infrastructure Investment Bank." VGP (31 August).
  • "Vietnam and AIIB Strengthen Cooperation on Key Investment Projects." Contify (2025).