Ho Chi Minh City is losing more than a quarter of its tap water through pipe leaks and ruptures, which translates to a loss of more than US$130,000 every day.
Figures from Saigon Water Corporation (Sawaco) showed that the ratio of leaked water has been reduced from 41 percent seven years ago to 28 percent now. That is still 556,000 cubic meters of clean water going to waste.
The company plans to improve leakage control and bring the rate down to 25 percent by 2020, its representatives said at a meeting Wednesday.
In comparison, the ratio in the neighboring Binh Duong Province is 8 percent.
Deputy CEO of Sawaco Bui Thanh Giang said it is short of fund to replace the pipeline system, which has become old and broken at many parts.
Around 150 kilometers of water pipes, or half of the system in the city downtown, have been in use as long as 80 years.