NEW DEAL PROMISES GREEN SOLUTIONS FOR HCM CITY

A memorandum of understanding on green development cooperation for 2021-2025 was signed between the Urban Environment Limited Company (CITENCO) and the Finance and Investment State-owned Company (HFIC) from Ho Chi Minh City on February 23.

The pact highlights investments in green solutions to improve the effectiveness of environmental projects implemented in the southern economic hub, which generates nearly 9,000 tonnes of domestic solid waste daily. According to CITENCO Director Huynh Minh Nhut, of that total, only 2,000 tonnes are recycled, while nearly 75 percent of the remainder is buried.

Nguyen Ngoc Hoa, Chairman of the HFIC Members’ Council, said the deal reflected the common orientations of the two companies in launching urban environmental projects together, particularly those on recycling solid waste.

Projects include the building of a landfill at the Phuoc Hiep - Cu Chi waste treatment complex and a plant for recycling and treating solid waste classified at the source, as well as moving a hazardous waste treatment plant from Dong Thanh to Phuoc Hiep commune.

The HFIC has committed to supporting CITENCO in paperwork and granting it preferential loans for project implementation.

The two also agreed to introduce cooperative opportunities to each other and invite the engagement of a third party when necessary.

Source: VIR

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