At a reception for the IFC’s CEO Philippe Houerou in HCM City, Nguyen Thien Nhan, Secretary of the municipal Party Committee, said the southern metropolis will further coordination with the corporation to implement projects, aiming to improve living standards of locals.

Secretary of the HCM City Party Committee Nguyen Thien Nhan (R) receives CEO of the International Finance Corporation Philippe Houerou.

He said amidst the rapidly increasing population and semi-permanent houses making up only about 60% of houses in the city, the housing sector will create big opportunities for construction contractors.

For his part, Philippe Houerou rejoiced at cooperation between the two sides, stressing that the IFC stands ready to join hands with HCM City to settle difficulties in urban development such as smart transport system building and green energy development.

The IFC will firstly cooperate with the city in implementing a credit rating project and expand projects under the public-private partnership (PPP) model, he said.

IFC leaders will always accompany HCM City in smart urban development.

IFC leaders will always accompany HCM City in smart urban development and believe that the city will become a model in the region and the world in this regard, the official noted.

The IFC is willing to partner with HCM City to address issues regarding the building of environmentally-friendly houses, urban transport development and the transformation of waste into energy, he said.

IFC - a sister organisation of the World Bank and member of the World Bank Group - is the largest global development institution focused on the private sector in developing countries. It has operated in Vietnam since 1992.

Bac Giang strives to lure investment to urban development

The northern province of Bac Giang has made tremendous efforts to attract investment to urban development and the building of residential areas in the province, Deputy Director of the provincial Construction Department Vi Thanh Quyen has said.

Provincial Chairman Nguyen Van Linh: Improving quality of planning and building infrastructure of urban residential areas

(BGO) - On August 23, Chairman of the Bac Giang provincial People's Committee Nguyen Van Linh presided over a meeting to review the construction of new urban and residential areas in the locality. Vice Chairman of the provincial People's Committee Nguyen Thi Thu Ha also attended the event.

Bac Giang city accelerates new urban area projects

(BGO)- Currently, 6 projects on new urban and residential areas invested by enterprises with a total land area of 64.4 hectares and investment rate of about 945 billion VND (41.5 million USD) are implemented in Bac Giang city. These projects are being accelerated to put the products on real estate market.

Bac Giang builds 4 new residential and urban areas

(BGO) - Aiming at gradually expanding the local urban areas (UA), the People’s Committee in the northern province of Bac Giang has approved for the investment policy in 4 local projects of urban and residential areas (URA) covering over 40 hectares since the beginning of this year.

Building bridge spanning over Thuong River: pushing urban space expansion

(BGO) – To implement the project on developing urban areas along the corridor of the Greater Mekong Sub-region (GMS) using loans of the Asian Development Bank (ADB), the second phase, in Bac Giang province, the municipal People’s Committee is pushing the construction of Tran Quang Khai road and a bridge spanning over Thuong River.

Source: NDO/VNA