Global and Southeast Asia’s Water Industry
- Only 0.007% of water on earth is safe for consumption, shared by nearly 7 billion;
- Billions of people do not have access to clean water and adequate sanitation;
- The water industry is expected to grow from $500 billion today to $1 trillion by 2020;
- Every $1 invested in water and sanitation provides a $4.3 return.
- 176 million people in Southeast Asia do nothave access to improved sanitation facilities;
- 71 million of whom practiced open defecation;
- 60 million people do not have access to an improved drinking water source and 78% of these people live in rural areas. (Source: FAO/WHO/UNICEF- 2015)
Vietnam wAter Cooperation Initiative (VACI) is the Vietnam-based global platform to share and co-create innovative water solutions with particular emphasis on Vietnam and tropical water issues. Stakeholders from the global water industry gather at VACI to share business opportunities and showcase the latest water technologies. Under auspice of Ministry of Natural Resources and Environment (MONRE) of Vietnam, VACI has been developed since 2012 and gathered stakeholders from the water industry around the world to share business opportunities and showcase the latest water technologies toward water sustainability in Vietnam and the region.
Nowadays, there are more than 40% of the world’s population relying on water from trans-boundary rivers and lakes and thus effective sustainable management of trans-boundary waters is crucial for development and peace. Vietnam is also a country with 392 trans-boundary rivers and streams, in which are some well-known rivers such as: Mekong river, Red river… This situation require strategic policy to manage and allocate the water resources effectively between conflicting users. Not only effective policy is needed, but the actual application of such policy should also be considered carefully.
Thus, current water challeanges could not be resolved by a single country or sector.
The symposium is a part of VACI Initiative