Water sector promotes investment attraction
VOV -
Water sector promotes investment attraction water
VOV.VN - The great demand of financing for Vietnam’s water supply and sewerage systems has attracted further foreign investments.

water sector promotes investment attraction hinh 0
Up to now, the water and electricity supply sectors have ranked third in attracting investment capital to 117 projects totally capitalized at US$22.8 billion including 71 water supply and wastewater treatment projects worth US$2.6 billion, according to the Foreign Investment Agency under the Ministry of Planning and Investment.

Addressing the press conference to announce the 10th International Water Supply, Sanitation, Water Resources and Purification Event (VIETWATER2018), Chairman of the Vietnam Water Supply & Sewerage Association (VWSA) Cao Lai Quang said up to June 30, 70% of urban water supply systems have ensured sufficient services of safer water round-the-clock. Currently, the country’s urban water supply systems have a total design capacity of 8.7 million cubic metres per day/night.

However, Vietnam’s water sector is facing numerous challenges in the urbanization process. The old water distribution systems and poor management have led to the loss of a large volume of water.

Water supply businesses from Taiwan, the UK, France, Belgium, the Netherlands, Germany, Australia, Denmark, the Republic of Korea, and Japan, are currently very keen on the Vietnamese market.

Hanoi authorities have also called on foreign enterprises to pour further investments into safe water supply to disadvantaged areas.