A loan agreement worth 23 million USD for the construction of a wastewater treatment facility in the northern province of Hung Yen's Hung Yen city was signed in Hanoi on July 26 between the Ministry of Finance and the Republic of Korea (RoK)'s Eximbank.
With work scheduled to be completed in the next 45 months, the Hung Yen wastewater treatment plant will have a capacity of 6,300cu.m per day, benefiting about 40,000 residents in Hung Yen city's five wards of Quang Trung, Le Loi, An Tao, Minh Khai and Hien Nam.
The project will help improve the living conditions of the residents and protect the environment by treating wastewater before it is discharged.
The investment for the project came from the RoK’s Economic Development Cooperation Fund (EDCF), which was established in 1987 with the purpose of promoting economic co-operation between the RoK and developing countries.
Speaking at the signing ceremony, Vice President of Eximbank, Yim Seong-hyeog, said Vietnam is facing severe wastewater problems due to rapid industrialisation and urbanisation.
"We will continuously contribute to the sustainable development of Vietnam by supporting various water-related projects through the EDCF," he said.-VNA
With work scheduled to be completed in the next 45 months, the Hung Yen wastewater treatment plant will have a capacity of 6,300cu.m per day, benefiting about 40,000 residents in Hung Yen city's five wards of Quang Trung, Le Loi, An Tao, Minh Khai and Hien Nam.
The project will help improve the living conditions of the residents and protect the environment by treating wastewater before it is discharged.
The investment for the project came from the RoK’s Economic Development Cooperation Fund (EDCF), which was established in 1987 with the purpose of promoting economic co-operation between the RoK and developing countries.
Speaking at the signing ceremony, Vice President of Eximbank, Yim Seong-hyeog, said Vietnam is facing severe wastewater problems due to rapid industrialisation and urbanisation.
"We will continuously contribute to the sustainable development of Vietnam by supporting various water-related projects through the EDCF," he said.-VNA
