ADB helps promote sustainable, inclusive water sector in Vietnam
The Asian Development Bank (ADB) and the Vietnam Water Supply and Sewerage Association (VWSA) have signed a memorandum of understanding (MoU) to further strengthen their cooperation in promoting a sustainable and inclusive water sector in Vietnam, according to an ADB press release.
Signing of memorandum of understanding between ADB and the Vietnam Water Supply and Sewerage Association (Photo courtesy of ADB)
Binh Duong (VNA) - The Asian Development Bank(ADB) and the Vietnam Water Supply and Sewerage Association (VWSA) have signeda memorandum of understanding (MoU) to further strengthen their cooperation inpromoting a sustainable and inclusive water sector in Vietnam, according to anADB press release.
The collaboration will support water utility companies intheir 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 fosterinnovation in the water and sewerage sector in the Southeast Asian nationthrough capacity building and project support activities.
“Our collaboration will help key players in the water sectorsecure climate resilience and adaptive capacity, thereby supporting a moreintegrated and inclusive approach to water, sanitation, and hygiene in Vietnam.We stand ready to assist VWSA through our knowledge sharing and financialsupport, and further promote private sector development and financing forimproved water supply and sanitation across VWSA members,” said ADB CountryDirector for Vietnam Shantanu Chakraborty
The country’s water sector has achieved impressive gains incommercial transformation, equitisation, and operational expansion. Alongsidetremendous opportunities to foster the sector’s growth, challenges remain dueto rapid urbanisation and climate change. This requires further attention andfunding from both the public and private sectors.
“Under its guiding principle towards global integration,VWSA appreciates the effective collaboration between the Association and ADBover the past years”, said VWSA Chairman Nguyen Ngoc Diep. “The effectivenessof our cooperation in recent time laid a strong foundation for the partnership,moving towards the establishment of a development assistance fund to supportthe implementation of key activities of the water supply and sewerage sector inVietnam.”
ADB has been providing financial and technical support to Vietnam’swater sector, for example, through a 1 billion USD multi-tranche facility thatsupported the Vietnam Water Sector Investment Programme during the 2011-2020period. The programme benefited participating water utilities such as BinhDuong, Da Nang, Dak Lak, Hai Phong, Ho Chi Minh City, Quang Nam, Thai Nguyen,and Thua Thien Hue./.
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