HCM City desires continued support from IMF

VOV.VN - Ho Chi Minh City wants the International Monetary Fund (IMF) to continue supporting it in dealing with issues related to urban development,Secretary of the Ho Chi Minh City Party Committee Nguyen Thien Nhan said at a March 16 reception for Alex Mourmouras, Chief of the IMF’s Asia and Pacific Department.

HCM City is in a fix to ensure capital resources for urban infrastructure building so it wants to get IMF assistance in holding seminars and studies pertainingto public-private partnership (PPP) as the private sector’s engagement in transport infrastructure development is essential, Nhan told his guest.

Regarding the plan to develop HCM City into a smart city and an economic-financial hub of the country and the region, he suggested the IFM provide consultancy and assistance for the city to work out a plan for building its financial centre, while sharing experience in mobilising resources from the private sector, businesses and scientists for its socio-economic development.

In reply, Alex Mourmouras affirmed's IMF recognition of importance to cooperation with Vietnam, including HCM City, saying his organisation is ready to provide expert and technical support to help HCM City organise seminars and studies on urban transport infrastructure development, and  address issues related to public investment, budget management, local income increase and State budget spending.

Concerning HCM City’s smart city building programme, the IFM official suggested the city and his organisation join  hands with the State Bank of Vietnam, universities and institutes in holding workshops on high-quality human resources development, support for innovative startups, cyber security and impacts of automation on labour force and development of the economy.