Ho Chi Minh City Calls for Investment in the Field of Waste Treatment

Ho Chi Minh City Calls for Investment in the Field of Waste Treatment

Investment in VIetnam - Ho Chi Minh City Calls for Investment in the Field of Waste Treatment

At present, the amount of solid waste discharged every day from urban daily life activities in Ho Chi Minh City is 8,700 tons, 76% is buried, 14.7% is to produce compost organic fertilizer - recycle and 9.3% is burnt.

In addition, there are 1,500 - 2,000 tons of industrial waste, about 400 tons of hazardous waste, about 22 tons of hazardous medical waste. Amount of waste will forecast to increase from 5 - 10% per year depending on type.

The goal of the city is to find a new and intelligent solution for waste treatment to reduce maximum amount of buried waste to 50% by 2020 and 20% by 2025. HCMC calls for investors to dispose of waste in the direction of burning - generating electricity.

Accordingly, investors will enjoy incentives such as: 11 year land rental or 70% land rental reduction; The policy to support the purchase price of electricity is 10.05 cents (US) per kWh for direct incineration projects and 7.28 cents per kWh for gas fired projects. from landfills. In addition, enterprises also enjoy preferential policies on capital and taxes (import duty, corporate income tax). Projects that attract investment will also be open to public bidding.

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