HANOI – U.S. International Development Finance Corporation (DFC) Chief Executive Officer Adam Boehler issued a statement following his meeting with Vietnamese Prime Minister Nguyễn Xuân Phúc today in Hanoi:
“The United States is proud of its 25 years of diplomatic relations with Vietnam and recognizes the positive strides the country has made to welcome private investment. As one of the world’s fastest-growing economies, Vietnam today stands testament to the power of the private sector in advancing economic development and lifting communities out of poverty in emerging markets across the world. Through the new U.S. International Development Finance Corporation, the United States is better equipped to support continued private sector-led growth in Vietnam through investments that address the country’s most urgent development challenges and create meaningful opportunities for its people,” said Boehler.
During the meeting, Boehler highlighted the enhanced tools, resources, and flexibility that DFC can leverage to promote private sector-led economic development in Vietnam. The newly launched agency offers a principled alternative focused on quality and sustainability and which aims to attract more private sector investment. Boehler and Prime Minister Phúc discussed development challenges facing Vietnam and identified opportunities for DFC to meet these needs through investment in transportation infrastructure as well as energy, education, and healthcare projects.
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U.S. International Development Finance Corporation (DFC) is America’s development bank. DFC partners with the private sector to finance solutions to the most critical challenges facing the developing world today. We invest across sectors including energy, healthcare, critical infrastructure, and technology. DFC also provides financing for small businesses and women entrepreneurs in order to create jobs in emerging markets. DFC investments adhere to high standards and respect the environment, human rights, and worker rights.