|Representatives of NewTech and Singapore’s Wah Lee Tech sign a Letter of Intent (LOI) for construction on a medical waste treatment plant and development of hi-tech services in Việt Nam. — VNS Photo Lê Cảnh Dương|Viet Nam News
ĐÀ NẴNG — Vietnamese import-export firm NewTech and Singapore’s Wah Lee Tech have signed a Letter of Intent (LOI) on the construction of a medical waste treatment plant in Việt Nam.
A source from NewTech told Việt Nam News the LOI, which was signed in Singapore on Sunday, details building a hazardous medical waste treatment plant with capacity of 20 tonnes per day.
It said the two sides agreed to establish a joint-venture company, of which the Vietnamese side took a 51 per cent share, to develop a plant in HCM City, Hà Nội or Đà Nẵng, and a high-tech service related to waste treatment.
The plant will use updated technology in medical waste treatment without burning, dumping or pollution measures.
According to the LOI, the two sides will survey the three biggest cities in Việt Nam to build the plant on an area of 8,000sq.m. — VNS