69% of EU firms in EuroCham study want to expand operations in Vietnam

Business confidence is expected to rise in the wake of the post-pandemic growth momentum, according to chairman of the chamber Alain Cany.

In particular, the environmental conservation sector is regarded as a high-potential investment, particularly in urban areas like Ho Chi Minh City, a Vietnamese newspaper reported.

The HCM City Urban Environment Company Limited (CITENCO) recently sought approval for a waste-to-energy project in Cu Chi district. With a daily capacity of 1,000 tonnes, the project is aimed at helping the city reach its target of recycling and reusing 80 per cent of its garbage by 2025 and cent per cent by 2030.

Fibre2Fashion News Desk (DS)