(VOVworld)- The Governor of the State Bank of Vietnam (SBV) Nguyen Van Binh and representatives from other founder countries of the Asian Infrastructure Investment Bank (AIIB) signed an agreement on the framework and management structure for the bank in Beijing, China on Monday.

The Governor of the State Bank of Vietnam (SBV) Nguyen Van Binh

Scheduled to make its debut at the end of this year, AIIB, a multilateral financial institution based in Beijing, will have a total charter capital of 100 billion USD. Currently, the bank has 57 founding members. The bank’s main objectives are to boost sustainable economic growth through investment in regional infrastructure systems, focusing on transport, energy, telecommunications, agriculture, the environment and urban development. Speaking to the media in Beijing, the SBV Governor said that being one of the bank’s founders was in line with Vietnam’s policy of active and responsible international economic integration. According to Binh, by joining the AIIB, Vietnam would get access to an important source of infrastructure development.