ADB, BIWASE sign deal to provide sustianable water services in Vietnam

VCN - The Asian Development Bank (ADB) and Binh Duong Water Environment Joint Stock Company (BIWASE) signed an $8 million loan to expand the Tan Hiep Water Treatment Plant (WTP) in Binh Duong province, one of the fastest-developing provinces of Viet Nam. The expansion will increase production capacity, install additional water intake pumps, and build raw water transmission pipes from the Dong Nai River intake facility.
ADB approves US$2.5 million grant to support Vietnam's disaster response ADB approves US$2.5 million grant to support Vietnam's disaster response
ADB, Phu Yen JSC sign Vietnam’s first certified green loan for 257 MW solar power project ADB, Phu Yen JSC sign Vietnam’s first certified green loan for 257 MW solar power project
The social housing paradox: High demand - low supply, why? –Part 1: Buying a social house: Like dry fields waiting for water!  There are policies, pri The social housing paradox: High demand - low supply, why? –Part 1: Buying a social house: Like dry fields waiting for water! There are policies, pri
0717-images
Tan Hiep Supply Water project. Photo: internet

The upgrade will help to meet rising water demand of residential and industrial customers in Ben Cat town, Tan Uyen town, Binh Duong new city, and Thu Dau Mot city of Binh Duong province, where industrial zones provide jobs for nearly 1.3 million locals and more than 500,000 foreigners. The financing package also includes a parallel cofinancing of $8 million from the Japan International Cooperation Agency.

A further $500,000 in technical assistance will be provided by the e-Asia and Knowledge Partnership Fund, established in 2006 by the Republic of Korea to help ADB’s developing members meet their development goals through the creation and sharing of experience, information, and knowledge.

“This financing will deliver sustainable and efficient water supplies in this fast-growing province, spurring its future growth and contribution to the broader economy,” said Infrastructure Finance Division Director for Southeast Asia, East Asia, and the Pacific at ADB's Private Sector Operations Department Jackie B. Surtani. “It is a strong signal to other international financiers that private sector commercial financing of Viet Nam’s water sector is feasible and attractive. We are also very happy to work with the Japan International Cooperation Agency on this transaction to support water sector development in Viet Nam.”

“We highly value our long-term relationship with ADB, which goes back since 2002 when we participated in the third provincial towns water supply and sanitation project,” said BIWASE’s chairman of the board of directors Nguyen Van Thien. “We appreciate the continued support from ADB in providing a one-stop solution to enable BIWASE to transition from sovereign financing to standalone private sector financing as it continues on its growth path. We look forward to ADB’s continued engagement with the water sector in Viet Nam and hope to work with ADB again in the future.”

The technical assistance will provide capacity building on financial management and climate-resilient business and operational planning. It will also enhance the legal foundation of the business and operational framework between BIWASE and the Binh Duong Provincial People’s Committee. ADB has supported Viet Nam’s water sector since 1993, through seven sovereign loans including the Water Sector Investment Program.

BIWASE was founded in 1975 as a government-owned entity. It became a joint-stock company in 2016 and listed on the Ho Chi Minh Stock Exchange in 2017. Currently, BIWASE has a total daily water production capacity of 311,300 cubic meters, and its services cover 78% of Binh Duong province’s population. BIWASE is also the province’s sole provider of municipal solid-waste treatment and municipal wastewater and sanitation services.

By Huyen Trang

Related News

Binh Duong: Export enterprises regain growth momentum

Binh Duong: Export enterprises regain growth momentum

VCN - Import-export activities in Binh Duong are on the path of recovery and growth. Notably, key export products have recorded positive signals with abundant orders.
Diversifying solutions on Customs – Business Partnership Development

Diversifying solutions on Customs – Business Partnership Development

VCN - Import-export enterprises in Binh Duong commented that the Customs agency has actively developed the Customs-Enterprise partnership with diverse solutions.
Binh Duong hopes to attract FDI investment in the high-tech field

Binh Duong hopes to attract FDI investment in the high-tech field

VCN - The processing and manufacturing industry currently accounts for 74% of total foreign direct investment (FDI) in Binh Duong. The province is continuing to restructure the industrial network within the province, upgrading existing industrial parks to become smart industrial parks with the ability to provide 4.0 technology platforms, helping investors deploy the model smart factory, fast and efficient smart production.
Binh Duong export growth hopes to bounce back

Binh Duong export growth hopes to bounce back

VCN - Thanks to positive signals from the recovery of export orders, Binh Duong is expected to regain growth momentum in 2024.

Latest News

UK a niche market for Vietnamese speciality coffee

UK a niche market for Vietnamese speciality coffee

The DakLak September 2nd Import-Export Company Limited (Simexco DakLak) said the UK is a strategic market for its speciality coffee products.
Vietnam-US trade thrives on effective mechanisms: trade counsellor

Vietnam-US trade thrives on effective mechanisms: trade counsellor

The economic and trade mechanisms between Vietnam and the US have shown efficiency throughout 2024, according to Do Ngoc Hung, trade counsellor and head of the Vietnam Trade Office in the American country.
Opening of overseas markets boosts coconut exports

Opening of overseas markets boosts coconut exports

Signed trade agreements are creating favourable conditions for coconut to truly become a key industrial crop. However, this is also a challenge that requires a sustainable development strategy so that coconut products can meet the increasing standard requirements of export markets.
Increasing consumption demand, steel enterprises face many opportunities

Increasing consumption demand, steel enterprises face many opportunities

VCN - Vietnam's steel industry is benefiting from increasing domestic and export demand for steel. However, entering 2025, the industry still faces many challenges.

More News

VN faced with increasing trade defence investigations on rising protectionism

VN faced with increasing trade defence investigations on rising protectionism

Việt Nam’s exporters faced a significant increase in the number of trade defence investigation cases this year, on the back of rising protectionism worldwide, according to the Ministry of Industry and Trade.
Việt Nam expects to officially export passion fruit to the US next year

Việt Nam expects to officially export passion fruit to the US next year

Negotiations on technical issues were already completed in August. Now, legal procedures are underway for the official export of fresh passion fruit to the US.
UK’s carbon tax to affect VN exports

UK’s carbon tax to affect VN exports

The UK’s carbon border adjustment mechanism will take effect in 2027.
Removing obstacles in granting certificates of exploited aquatic products

Removing obstacles in granting certificates of exploited aquatic products

VCN - Prime Minister Pham Minh Chinh requested to review all regulations related to the organization and issuance of certificates of origin of exploited aquatic products (SC) at fishing ports, issuance of certificates of origin of exploited aquatic products (CC), and amend inappropriate regulations that cause difficulties and hinder production and business activities in the field of exploitation, processing and export of seafood.
Promoting agricultural exports to the Japanese market

Promoting agricultural exports to the Japanese market

VCN - Japan's high-quality standards have become a driving force for continuous improvement in Vietnamese agricultural products to meet global consumer expectations and build a strong brand for Vietnamese agricultural products on the world map.
Agricultural exports in 2024 to exceed 60 billion USD?

Agricultural exports in 2024 to exceed 60 billion USD?

VCN - The agricultural sector has basically achieved and exceeded the set targets when the export turnover of agricultural, forestry and fishery products in the first 11 months of 2024 reached 56.74 billion USD, up 19% over the same period in 2023, the trade surplus reached nearly 16.5 billion USD, up 52.8%. This year's agricultural exports are expected to exceed 60 billion USD if the export value in December reaches over 5 billion USD.
Seafood exports expected to exceed $10 billion in 2025: expert

Seafood exports expected to exceed $10 billion in 2025: expert

The achievement of the $10 billion export milestone in 2024 is attributed in part to efforts to open and strengthen connections with key markets such as the US and the EU.
Top 10 Reputable Animal Feed Companies in 2024: Efforts to survive the challenges of nature

Top 10 Reputable Animal Feed Companies in 2024: Efforts to survive the challenges of nature

VCN - In the Report announcing the Ranking of Top 10 Reputable Animal Feed Companies in 2024 on December 12, 2024, Vietnam Report Joint Stock Company said that Vietnam's animal feed industry has faced many challenges from natural disasters and epidemics. But overcoming all, the industry continues to survive and has confidence in the future.
Vietnam's import-export surges 15.3%

Vietnam's import-export surges 15.3%

Vietnam's total import-export turnover reached 745 billion USD as of December 14, marking a robust 15.3% growth compared to the same period in 2023, according to the General Department of Vietnam Customs.
Read More

Your care

Latest Most read
UK a niche market for Vietnamese speciality coffee

UK a niche market for Vietnamese speciality coffee

The DakLak September 2nd Import-Export Company Limited (Simexco DakLak) said the UK is a strategic market for its speciality coffee products.
Vietnam-US trade thrives on effective mechanisms: trade counsellor

Vietnam-US trade thrives on effective mechanisms: trade counsellor

The economic and trade mechanisms between Vietnam and the US have shown efficiency throughout 2024, according to Do Ngoc Hung, trade counsellor and head of the Vietnam Trade Office in the American country.
Opening of overseas markets boosts coconut exports

Opening of overseas markets boosts coconut exports

Signed trade agreements are creating favourable conditions for coconut to truly become a key industrial crop. However, this is also a challenge that requires a sustainable development strategy so that coconut products can meet the increasing standard requirements of export markets.
Increasing consumption demand, steel enterprises face many opportunities

Increasing consumption demand, steel enterprises face many opportunities

VCN - Vietnam's steel industry is benefiting from increasing domestic and export demand for steel. However, entering 2025, the industry still faces many challenges.
VN faced with increasing trade defence investigations on rising protectionism

VN faced with increasing trade defence investigations on rising protectionism

Việt Nam’s exporters faced a significant increase in the number of trade defence investigation cases this year, on the back of rising protectionism worldwide, according to the Ministry of Industry and Trade.
Mobile Version