The collaboration will support water utility companies in their ongoing transformation to become autonomous, service-oriented organisations. The partnership will also assist VWSA and its members to build resilience, promote inclusiveness, improve governance, catalyse financing, and foster innovation in the water and sewerage sector in the Southeast Asian nation through capacity building and project support activities.

Signing of memorandum of understanding between ADB and the Vietnam Water Supply and Sewerage Association.

“Our collaboration will help key players in the water sector secure climate resilience and adaptive capacity, thereby supporting a more integrated and inclusive approach to water, sanitation, and hygiene in Vietnam. We stand ready to assist VWSA through our knowledge sharing and financial support, and further promote private sector development and financing for improved water supply and sanitation across VWSA members,” said ADB Country Director for Vietnam Shantanu Chakraborty

The country’s water sector has achieved impressive gains in commercial transformation, equitisation, and operational expansion. Alongside tremendous opportunities to foster the sector’s growth, challenges remain due to rapid urbanisation and climate change. This requires further attention and funding from both the public and private sectors.

“Under its guiding principle towards global integration, VWSA appreciates the effective collaboration between the Association and ADB over the past years”, said VWSA Chairman Nguyen Ngoc Diep. “The effectiveness of our cooperation in recent time laid a strong foundation for the partnership, moving towards the establishment of a development assistance fund to support the implementation of key activities of the water supply and sewerage sector in Vietnam.”

ADB has been providing financial and technical support to Vietnam’s water sector, for example, through a 1 billion USD multi-tranche facility that supported the Vietnam Water Sector Investment Programme during the 2011-2020 period. The programme benefited participating water utilities such as Binh Duong, Da Nang, Dak Lak, Hai Phong, Ho Chi Minh City, Quang Nam, Thai Nguyen, and Thua Thien Hue.

Bac Giang targets green growth, sustainable development

BAC GIANG – For recent years, Vietnam has signed a number of free trade agreements, notably the EU – Vietnam Free Trade Agreement (FTA) taking effective from August 1, 2020.

Bac Giang promotes greener and more sustainable growth model

BAC GIANG - On August 30, the Bac Giang provincial People's Committee and the Ministry of Foreign Affairs jointly organized a talk show themed "New developments and trends of world economy affect production, export and investment attraction of some Northern localities."

Vietnamese businesses urged to achieve sustainable development goals

Nature-related policies should be integrated into business strategies and plans, said Deputy Prime Minister Tran Hong Ha at the 10th Vietnam Corporate Sustainability Forum in Hanoi on August 23.

Bac Giang promotes cooperation for sustainable tourism development

(BGO) - Currently, tourism development linkage is an inevitable trend to create value chains for all stakeholders, which is important for tourism business activities.

Two Vietnamese building projects listed in sustainable architecture book

A system of 52 schools built in the highlands and a system of community houses have been listed in a guidebook by the Union Internationale des Architectes (UIA).

Source: VNA