Singapore-based firm helps Vietnam build water treatment plant
New Asia Investments, a Singapore-based investment firm, has invested US$240,000 into a joint venture to build a water treatment plant in Vietnam.
The joint venture between Nanyang Technological University (NTU)'s new start-up De.Mem and Vietnam’s GD Wasser company built the plant with an output of 1 million litres of drinking water daily.
Recently launched in Duc Hoa district of Long An province near Ho Chi Minh City, the plant supplies clean potable water at just two-thirds of current prices there.
According to the NTU, the plant is the first of its kind in Southeast Asia and is unique because it requires just one person to operate.
The plant is linked wirelessly via an NTU-designed network back to the Singapore office, which will oversee and manage its daily operations.