On November 25, 2021, Vu Phong Energy Group, Construction Joint Stock Company 47 (C47), and Investment and Trade Consultancy Company Limited (INTRACO) signed a Memorandum of Understanding (MOU) on “Providing clean drinking water stations and reducing greenhouse gas emissions projects” toward the Sustainable Development Goals.
The Signing Ceremony had the attendance of Mr. Minh, Tran Van, Deputy Director of Binh Dinh Rural Water and Environmental Sanitation Center under Binh Dinh Department of Agriculture and Rural Development; Mr. Phong, Pham Nam – Chairman of the Board of Directors of Vu Phong Energy Group, Chairman of the Board of Directors of C47; Mr. Tri, Nguyen Quang – CEO of Vu Phong Energy Group; Mr. Quang Duong Minh – Member of the Board of Directors, General Director of C47; Mr. Dung, Hoang Anh – Director of INTRACO and numerous heads of three enterprises and partners.
At the ceremony, representatives of three enterprises signed a Memorandum of Understanding (MOU) on the establishment of a joint venture to produce, build, install and operate water purification stations that provide drinking water, improve community health. The project aims to build and install 1,000 water purification stations per year in various provinces and cities, each with a 2,000-liter-per-hour capacity to ensure equitable access to water and sanitation. Following that, the project will be able to extend into the fields of afforestation and marine ecosystems protection.
Water, is an important component of life and the environment, has a great influence on human health. According to the World Health Organization (WHO), unclean water and the environment cause around 80% of illnesses in developing countries. Using unclean water causes gastrointestinal illnesses such as diarrhea, cholera, dysentery, typhoid… as well as dermatological, ocular, gynecological, and even chronic infectious diseases or cancer. Water is the core element in sustainable development, particularly in a nation with a strong agricultural industry such as Vietnam. There are many Goals related to water resources among the 17 Sustainable Development Goals (SDGs) adopted by the United Nations to eradicate poverty, protect the environment and the earth’s climate, including Goals 1, 3, 5, 6, 8, 13, and 15.
Mr. Phong, Pham Nam, Chairman of the Board of Directors of Vu Phong Energy Group and Chairman of the Board of Directors of C47, stated at the signing ceremony that Vu Phong Energy Group is a renewable energy enterprise with the mission of “Develop clean energy for the green environment and sustainable development”, C47 is a leading company in the field of irrigation and hydropower project building. As a result, water security and clean water for sustainable development are great opportunities for Vu Phong Energy Group and C47 to contribute to the community. Many individuals, particularly those living in rural areas and low-income households, will be able to get free clean water. Furthermore, the program provides additional jobs for the community, as well as the opportunity to conduct certificate trading schemes for greenhouse gas emissions.
Vu Phong Energy Group’s leadership at the signing ceremony
The cooperation between Vu Phong Energy Group – C47 – INTRACO marks an important milestone to build ecosystem businesses. In practical projects that will contribute to realizing the Sustainable Development Goals, especially water resources – water security. This program is also a joint effort to reduce greenhouse gas emissions, in accordance with the Prime Minister’s commitment at COP26 to reach “zero” net emissions by 2050.
More information about Vu Phong Energy Group – C47 – INTRACO:
Vu Phong Energy Group is known as Vietnam’s leading enterprise in the renewable energy industry. Vu Phong Energy Group offers professional solar power EPC general contractor services, O&M services (operation and maintenance), Asset Management… for solar farms, wind farms, and specializes in the research and production of renewable energy devices such as solar panel cleaning robots. With the mission of “Develop clean energy for the green environment and sustainable development”, Vu Phong Energy Group is always interested in social responsibility, which includes respecting the rights of employees and stakeholders, ensuring safe and eco-friendly business operations, and especially assisting the community in accordance with the United Nations’ 17 Sustainable Development Goals.
Vu Phong Energy Group – Vietnam’s leading enterprise in the renewable energy industry with clean energy projects of high quality and aesthetics
Construction Joint Stock Company 47 (C47) is a leading enterprise in the construction industry of irrigation, hydropower, civil and industrial works throughout the country. Over the course of 46 years of establishment and development, C47 has gradually mastered the construction technology of irrigation, hydropower, civil and industrial works throughout the country, was also the first to implement new technologies such as roller compacted concrete (RCC), tunneling technology using TBM Tunneling Robot (more than 15km has been implemented), and so on, with many key projects worth trillion dong, which were highly valued by investors and agencies. In the last 15 years, the company has completed more than 30 irrigation and hydropower projects across the country worth more than 20,000 billion VND. Furthermore, the company also expands its lines of business into other industries such as restaurants, hotels, travel, tourism; overhaul of construction motorcycles, production of mechanical engineering products, production of fresh concrete and precast concrete components; training and labor export; electricity production; testing the mechanical strength of structural concrete, exploiting and transporting construction materials…
Investment and Trade Consultancy Company Limited (INTRACO) is a leading unit in Vietnam that specializes in consulting and developing CDM projects to generate CO2 emission reduction certificates in accordance with the Kyoto Protocol and the Paris Climate Agreement. INTRACO has offered millions of carbon emission reduction certificates to the worldwide market, with experience in successfully implementing and developing hundreds of carbon emission reduction projects. In addition, INTRACO implements two projects to minimize community emissions, including: “Providing energy-saving cookstoves in Vietnam” and “Viet Nam Clean Water Program”.
Vũ Phong Energy Group