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June 1, 2008

Firms strike deal to help protect environment

Australian E. VO Global Asset Management and Vietnamese investment group VN234 have signed a 10-billion U.S. dollar agreement on environmental protection and real estate in Vietnam.

The investment will be distributed from now to 2013 across 30 projects in southern Ho Chi Minh City, southern Can Tho city, central Da Nang city, the two southern provinces of Ba Ria Vung Tau and Binh Thuan, and the Central Highlands province of Lam Dong, Vietnam News Agency reported Friday.

Waste, wastewater and polluted water treatment systems, material recycling programs, solar energy projects and research into environmentally sustainable construction materials are among the agreed projects, said VN234 general director Mai Vu.

The Australian-Vietnamese partnership will also invest in two real estate development in Can Tho. The firms assigned 400 million dollars build the Tay Do Cultural Center and 800 million dollars for an international conventional and exhibition center.

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