Vietnam Needs $8.3 Billion to Upgrade Water Treatment: World Bank

22 Jan 2014 by Local Press Report

Vietnam needs about US$8.3 billion to provide waste water treatment services to its 36 million urban residents by 2025, according to a World Bank report released yesterday. Over the last 20 years, the Government made considerable progress when it came to providing waste water services in urban areas, investing $500 million annually. However, keeping pace with rapid urbanisation was challenging, said Le Duy Hung, Senior Urban Specialist and team leader for the review, at a meeting yesterday in Ha Noi. Poor sanitation leads to economic losses of $780 million or 1.3 per cent of Viet Nam’s GDP every year, according to the report, which urged the sanitation sector to address several critical issues.

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