The Geopolitics of the AIIB’s $5 Billion Investment Pledge to Vietnam

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The Geopolitics of the AIIB’s $5 Billion Investment Pledge to Vietnam - The Diplomat

Quick Summary:

The agreement suggests that the development bank, and its main backer China, is willing to finance infrastructure in Vietnam at concessional rates.

If the $5 billion figure is realized, it would represent a substantial investment in Vietnam’s national infrastructure and a massive scaling up of the AIIB’s current financial ties in the country, which to date have totaled $233 million in relatively modest projects like pandemic preparedness.

The Asian Infrastructure Investment Bank (AIIB) recently announced it was willing to provide $5 billion in concessional financing for a range of transport infrastructure projects in Vietnam.