IFC helps provide clean water for urban residents in VN
10:55 | 10/01/2018

VGP - The International Finance Corporation (IFC), a member of the World Bank Group, has committed a convertible loan worth US$15.3 million to DNP Water JSC, a private Vietnamese company, to create more opportunities to use clean water for residents in urban areas.

Illustration photo

The financing package may increase to US$24.9 million to support further growth of the company. 

DNP Water aims to expand its portfolio of mainly urban water treatment and supply facilities in Viet Nam, and is planning to increase its treatment and supply capacity by five times to one million cubic meters per day by 2025. 

IFC’s investment will support the company’s growth by funding the construction of new bulk water treatment plants and the acquisition of equitised water supply companies. This will help improve access to clean water mostly in second- and third-tier cities in Viet Nam. 

IFC considers access to affordable and clean water a key development target and expects its investment to help encourage the participation of the private sector in this area and in the growing equitized water sector in Viet Nam, said IFC Senior Country Manager for Viet Nam, Cambodia and Lao Kyle Kelhofer. 

IFC’s financing will further accelerate the leveraging of the private sector for critical infrastructure, and champion the growth of local entrepreneurs, he added.

IFC has extensive experience supporting private sector investments in water and waste water worldwide. It made 55 investments totaling US$2.2 billion, including mobilization, in the last 10 years.

By Hoang Ha

  Reader opinion
Turn off Vietnamese typing Automatic typing Telex VNI VIQR  
Fullname Email address