CI2 is supporting the development of the CA Water platform to address the rapidly increasing water and sanitation demands in Vietnam. The CA Water platform will include strategically located water supply and distribution projects that are developed in a phased approach, which offers flexibility for incorporating sanitation projects in the future as well.

As part of the first phase, CI2 and will fund the development, construction and operation of the following greenfield water supply and distribution projects being sponsored by CA Water JSC:

  • Thuy Nguyen Project (10,000 m3 day water treatment and distribution project in Thuy Nguyen District, Hai Phong City, Vietnam).
  • Phu Binh Project (15,000 m3/day water treatment and distribution project in Phu Binh District, Thai Nguyen Province, Vietnam).

Our Development Partner

CA Water

We Invest

US$3.8m (DF 2)

US$27m (CEF 2) – excludes $48m for Phase 1B, which has in-principle approval

Estimated Project Impact

  • Direct Jobs Across the two projects: Approximately 200 construction jobs and 40 jobs during O&M.
  • People served Across the two projects: 146,404 beneficiaries receiving water from the projects.
  • Volume of water supplied per day (m3) Across the two projects: 25,000 m3 water supplied per day.

Funding Objective

The CA Water Platform presents an attractive opportunity for CI2 to contribute to solutions for Vietnam’s water crisis and support the country’s economic development. The country’s overall fast paced economic development also supports the business case of water investment in term of higher household income and willingness to pay. This opportunity positively impacts social economic developments and has clear climate change adaptation benefits. Furthermore, the projects fit within the mandate of CI2 – Clean Water Supply Project with a Rio Marker score of “2” for Climate Change Adaptation.





Business Model

Water Treatment and Distribution

Environmental & Social Category




Project Location

Why Climate Investor Two Wants to Invest in This Project

Vietnam’s strong economic growth combined with the infrastructural and development shortfalls, create significant demand for water infrastructure investment. CI2’s investment in the CA Water platform aims to address these challenges and support Vietnam’s evolving water and sanitation needs.

The Projects will provide a clean drinking water to the end users in the respective service areas (including household/commercial/industrial) and measures will also be implemented and monitored during operations to ensure that the water supply is sustainable and reliable.

E&S Context

The environmental and social risk (“E&S”) of the Phase 1A projects have been classified as Category B (in accordance with CI2’s risk categorisation) which is equivalent to International Finance Corporation (IFC) Category B. Adverse E&S risks and/or impacts are limited, generally site-specific and largely reversible which can be effectively managed in line with available international standards. Phase 1B and other projects under the CA Water platform may be categorized as B+, subject to further E&S studies.


Here you can find and download all the relevant disclosure documents for this project: