Hanoi (VNA) – Green development projects in Vietnam are catchingattention of foreign investors on account of the Government’s favourablepolicies on land, taxes and capital as well as a large number of potentialcustomers in the country, said Duong Thanh An, Head of the Policy and LegalAffairs Department under the Vietnam Environment Administration.

A survey on Japanese investment trend in Vietnam in 2017 held by the JapanExternal Trade Organisation (JETRO) in Vietnam revealed that at least 25Japanese businesses have the intention to invest in improving environmentquality in Vietnam, such as in waste water treatment for plants and urbanareas.

Other businesses said they will design warning software for storms, flashfloods and tsunami.

TheJapanese Government has taken measures to support its enterprises’ investment inthis segment in the Southeast Asian nation, including Official DevelopmentAssistance and Public Private Partnership policies.

Currently, Japanese businesses are making a beeline to study investmentopportunities in waste water treatment for for-export processing areas andindustrial zones in Dong Nai and Binh Duong provinces and Ho Chi Minh City.

Kobelco Eco-Solutions Co., Ltd has recently proposed a clean water treatment projectin Dong Nai province after investing in sewage treatment systems in Loteco andLong Duc industrial parks in the locality.

Meanwhile, high technology, clean and renewable energies and electrical sectorshold the attention of European businesses.

Royal HaskoningDHV from the Netherlands has signed a 9.5 million EUR (11.2million USD) contract with the Ba Ria-Vung Tau Urban Sewerage and DevelopmentCompany to implement a comprehensive waste water treatment for Phu My new urbanarea. The plant, which has designed capacity of 30,000 cubic metres per day,will become operational in December, 2019.

Investors from the Republic of Korea and China tend to invest in renewableenergies. The JA Solar Vietnam, developed by Chinese investor at 280 millionUSD, is one of the most noticeable projects.

Targetinga green economy, the Vietnamese Government and local authorities are tighteningthe control of environment quality while domestic environment service is unableto meet local demand, posing huge potential for foreign investors.

At the same time, the Government has issued a series of preferential treatmentpolicies in terms of land, capital and tax for investors in environmentalprotection. Increased awareness about the issue among the public and Vietnam’scommitments during the integration process also provide necessary pressure forthe shift of investment flow.

According to the Ministry of Natural Resources and Environment, there were 458solid waste landfills in Vietnam and over 100 low-capacity waste furnaces whichpossibly emit hazardous dioxin and furan.

Regarding waste water treatment, the country has 283 industrial parksdischarging over 550,000 cubic metres per day and night. Especially, nearly 790urban areas across the nation dispose 3 million cubic metres of sewage everyday, most of which is untreated.-VNA