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BIDV to fund waste treatment complex

Update: December, 31/2015 - 09:32
The Bank for Investment of Development of Viet Nam (BIDV) in HCM City yesterday signed a contract to sponsor a green project in HCM City. — Photo thanhnien.com.vn

HA NOI (VNS) — The Bank for Investment of Development of Viet Nam (BIDV) in HCM City yesterday signed a contract to sponsor a green project in HCM City.

According to the contract, BIDV would provide sponsorship for the first phase of the Green Environment Technology Park in Long An Province with US$148 million, 70 per cent of the whole investment.

The project's investor, Viet Nam Waste Solutions (VWS), is considered a creditable business and one of BIDV's leading clients, said Van Dinh Hai, director of BIDV Ho Chi Minh City.

The project, which was approved by the Prime Minister in 2008, will be building a solid waste treatment system for three major economic zones by 2020.

"We believe the project would meet the demand of the three economic zones in waste treatment and help raise quality of life for local residents," Hai said. — VNS

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