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

Related News

MEMBER CORNER / PROMOTIONS

DOING BUSINESS WITH CHINA 2.0

As China continues to evolve into a global powerhouse in innovation, technology, and advanced manufacturing, understanding how to effectively engage with this market has never been more critical. Doing Business with China 2.0 is a flagship executive programme designed to equip business leaders with practical insights, strategic perspectives, and first-hand exposure to navigate China’s rapidly changing landscape.

Apr 17, 2026

HR / LABOUR/ EMPLOYMENT

VIETNAM TAPS AI TO CONNECT MILLIONS OF WORKERS WITH EMPLOYERS

Vietnam’s Ministry of Home Affairs on April 14 launched a national job exchange at vieclam.gov.vn, a key digital platform designed to directly connect more than 53.6 million workers with nearly one million businesses. The platform goes beyond a conventional job portal, positioning itself as a nationwide data-integrated ecosystem. Its technological highlight is the use of artificial intelligence (AI) to automatically analyze and match job vacancies with workers’ skills and experience.

Apr 16, 2026

INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

HCMC SET TO START WORK ON SEVEN MAJOR INFRASTRUCTURE PROJECTS

Ho Chi Minh City plans to simultaneously break ground on seven major infrastructure projects worth a combined VND380 trillion on the occasion of Vietnam’s Reunification Day (April 30). The projects are highly expected to unlock public investment and fuel economic growth. To prepare for the simultaneous launch, relevant departments and authorities have worked to streamline administrative procedures while maintaining legal compliance, with the goal of meeting conditions for groundbreaking on the occasion of the national holiday.

Apr 16, 2026

INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

VIETNAM GETS US$2.64 BILLION FROM SEAFOOD EXPORTS IN Q1

Vietnam’s seafood sector booked around US$927 million in export revenue in March, bringing the total in the first quarter of this year to US$2.64 billion, showed data from the Vietnam Association of Seafood Exporters and Producers (VASEP). China was the primary export market in Q1. Other markets such as the U.S., Japan and South Korea imported less due to weakened consumer spending and stringent technical barriers.

Apr 16, 2026

HOSPITALITY / TOURISM / ENTERTAINMENT

VNAT EYES 25 MILLION FOREIGN VISITORS IN 2026

In the first quarter of the year, international arrivals amounted to 6.7 million, up 12.4% from a year earlier and the highest level on record. Domestic travel reached an estimated 37 million trips, with total tourism revenue at around VND267 trillion. Global developments pose risks. Geopolitical tensions in the Middle East have driven up fuel prices, increasing transport and tourism service costs.

Apr 16, 2026

BANKING / FINANCE / INSURANCE / TAX

US$250-MILLION DEAL ADVANCES VIETNAM’S GREEN CREDIT PUSH

Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV) has secured a US$250-million sustainable financing package to support green agriculture and small and medium-sized enterprises (SMEs), marking a major step in mobilizing international capital for priority sectors. The facility was arranged in partnership with the Asian Development Bank (ADB), alongside international partners including the Japan International Cooperation Agency (JICA) and the Government of Canada.

Apr 16, 2026