BIWASE and the Vietnam Development Bank (VDB) have signed a long-term financing agreement up to and over VND 10,000 billion to develop clean water resources. Photo: Duong Binh

On September 6^th , Mr. Mai Hung Dung, Permanent Vice Chairman of the Binh Duong Provincial People's Committee, and leaders of the Vietnam Development Bank (VDB) witnessed the signing of a cooperation agreement for state investment credit financing for environmental protection projects.

Accordingly, approximately VND 10,000 billion in state investment credit funds is provided by the Vietnam Development Bank (VDB) - Transaction Office II at preferential interest rates for environmental protection projects led by the Binh Duong Water - Environment Corporation – Joint Stock Company (BIWASE). For the company and its related parties, the loan limit shall not exceed VND 16,000 billion.

This is considered a source of 'green credit' to enable the company to continue implementing environmental protection projects, including clean water development projects for residents and workers

This funding will further promote the development of clean water resources for residents and workers in Binh Duong. Photo: Duong Binh

According to the Permanent Vice Chairman of the Binh Duong Provincial People's Committee, for provinces with strong industrial and urban development, it is crucial to 'be proactive and anticipate' to invest in environmental protection projects
In recent years, Binh Duong has actively mobilized various funding sources, including ODA funds, to develop projects such as wastewater treatment, waste management, and waste-to-energy…

Projects that are rapidly implemented in industrially developed provinces have helped reduce the environmental impact of industrial production activities. Areas with high population density and workers, such as Thuan An City, Di An City, Tan Uyen City, etc.,  gradually witness improvements in their environmental conditions.

Source : https://laodong.vn/kinh-doanh/10000-ti-dong-phat-trien-nguon-nuoc-sach-tai-binh-duong-1390316.ldo