IFC eyes Vietnam water player DNP

Dong Nai Plastic Company, which has built up a portfolio of five water projects and utilities in Vietnam, has piqued the IFC’s interest. An equity injection is on the cards.

DNP Water, a subsidiary of Hanoilisted Dong Nai Plastic Company, is negotiating a convertible loan with the International Finance Corporation (IFC) to support its expansion plans in the water treatment sector.

Le Tuan, investment director at DNP Water, declined to disclose the value of the loan, but confirmed to GWI that a minority equity injection is also possible. The IFC is expected to...

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