Business EconomyPosted at: Aug 4 2025 2:09PM


ADB joins hands with Thu Dau Mot Water for strategic expansion

New Delhi, Aug 4 (UNI) Asian Development Bank signed a strategic deal of USD 6 million with Thu Dau Mot Water Joint Stock Company (TDM) for collaborating on future water expansion projects. The current collaboration is intended to expand the Bau Bang water treatment plant to tackle the growing water needs amid rapid economic and population development in Ho Chi Minh City.
The allocated amount will be dedicated to increasing the plant's capacity from 30,000 to 80,000 cubic metres per day and ensuring clean water for residents, commercial, and industrial users. Reportedly, Japan International Cooperation Agency (JICA) also joined ADB for cofinancing. JICA is a governmental agency that assists the economic and social growth in developing countries.
Shantanu Chakraborty ( Country Director for Vietnam, ADB) said, “ The expansion of the Bau Bang water treatment plant is essential to ensure a clean and reliable water supply for local consumers, existing businesses, as well as prospective investors looking to establish a presence in the Southern key economic zone of Vietnam.”
“The project will support ongoing economic growth, job creation, and foreign direct investment (FDI ) in Vietnam,” Chakraborty added. Moreover, this project will also align with the government’s equitization reforms and transition towards more progressive mutual development.
Tran The Hung (Director General, Thu Dau Mot Water) said, “ We are committed towards providing high-quality water services to our customers and contributing to the sustainable development of the region.”
UNI SAS PRS
Please log in to get detailed story.
Tags: #ADB joins hands with Thu Dau Mot Water for strategic expansion
More News

TVS Orbiter unveils campaign celebrating Spirit of India’s new-age urban hustlers

11 May 2026 | 5:47 PM

Chennai, May 11 (UNI) TVS Orbiter, the newest electric scooter from TVS Motor, today unveiled its new campaign, capturing the spirit of India’s new-age urban generation that is always moving, always hustling, and always finding ways to do more.

see more..

India has 60 days of crude, gas stocks; no shortage fears: Govt

11 May 2026 | 5:15 PM

New Delhi, May 11 (UNI) The union government today sought to reassure citizens amid rising concerns over the escalating West Asia conflict, asserting that India has sufficient reserves of key petroleum products and that there is no reason for panic buying or fear of shortages.

see more..

Sensex plummets over 1,000 points, Nifty down by 1pc

11 May 2026 | 3:42 PM

Mumbai, May 11 (UNI) Indian equity markets remained under sharp selling pressure on Sunday as escalating geopolitical tensions involving the US and Iran, coupled with rising crude oil prices and Prime Minister Narendra Modi’s seven appeals to the citizens, rattled investor sentiment and triggered broad-based weakness across sectors.

see more..

Hyd:WealthUpp Fintech Solutions launches AI-Driven Micro-Investing Platform ‘WealthUpp’

11 May 2026 | 3:28 PM

Hyderabad, May 11 (UNI) WealthUpp Fintech Solutions Pvt Ltd on Monday announced the launch of “WealthUpp”, an AI-driven micro-investing platform aimed at simplifying mutual fund investments for first-time and small-ticket investors in India.

see more..

Olectra Greentech Partners with Dassault Systèmes to accelerate Electric Vehicle development

11 May 2026 | 3:22 PM

Hyderabad, May 11 (UNI): Olectra Greentech Limited, part of the MEIL Group, on Monday announced a partnership with Dassault Systèmes to adopt the 3DEXPERIENCE platform, marking a major step toward digitally transforming electric vehicle product development in India.

see more..