$74 mln waste-to-power factory inaugurated in Bac Ninh province
A $74-million waste-to-power facility was inaugurated in the northern province of Bac Ninh on Thursday as part of a cooperation agreement between Vietnam and Japan.
T&J Green Energy Company Limited, a joint venture between Vietnam’s Thuan Thanh Environment JSC and Japan’s JFE Engineering Corporation, kicked off the construction of the facility in January 2022.
The 13.5-MW facility, with a daily capacity of processing 600 tons of waste, was approved for trial operation on January 8 and is set for commercial operation in the second quarter of this year.
The factory is expected to help Bac Ninh province reduce waste dumping, generate 100 million kWh of electricity annually, and reduce carbon emissions by 600,000 tons in 15 years.
Bac Ninh, an industrial hub in northern Vietnam, now has two operational waste processing plants. The province’s daily household waste output is 1,200 tons, according to Bac Ninh Vice Chairman Dao Quang Khai.
"The province is deploying four waste-to-power projects with a total capacity of handling 1,300-1,500 tons of waste daily, aiming to process all household waste from the second quarter of 2024," Khai told the inaugural event.
Bac Ninh's first waste-to-power plant was inaugurated in November 2023. The 6.1-MW factory, with an investment of $33 million, was invested by a joint venture between Vietnam’s Green Star Co. Ltd. and South Korea’s Chosun Refractory Engineering. It can process industrial and household waste of 180 tons daily and generate 40 million kWh a year.
- Read More
Investment Support Fund: A Strategic leap for Vietnam's economic future
The Vietnamese Government's Decree No. 182/2024/ND-CP, which outlines the establishment, management and use of the Investment Support Fund, represents not just policy instruments for attracting investment but also foundations for advancing strategic sectors and elevating the country's position in the global economy, writes Tran Anh Son, tax & legal director, Global Innovation and Investment Incentives (Gi3), Deloitte Vietnam.
Consulting - Thu, January 16, 2025 | 2:55 pm GMT+7
Vietnam PM orders appraisal of tax policies to curb property speculation
The Ministry of Finance needs to study tax policies to curb property speculation in line with Vietnam’s socio-economic conditions and international practices, Prime Minister Pham Minh Chinh has requested.
Real Estate - Thu, January 16, 2025 | 2:40 pm GMT+7
Vietnam’s budget carrier VietJet can pilot China's Comac aircraft on some routes: Deputy PM
China’s state-owned aerospace manufacturer Comac and Vietnam’s budget airline VietJet should collaborate with a Chinese airline having Comac aircraft to pilot Comac aircraft on some of VietJet routes, says Vietnamese Deputy Prime Minister Tran Hong Ha.
Companies - Thu, January 16, 2025 | 12:26 pm GMT+7
Offshore wind power investors can sell entire projects in Vietnam: draft decree
A draft decree on offshore wind power being compiled by Vietnam’s Ministry of Industry and Trade will facilitate investors to sell their projects or stakes.
Energy - Thu, January 16, 2025 | 11:27 am GMT+7
Build your own sales channels if e-commerce competition too harsh: NextTech exec
If e-commerce competition is too harsh, Vietnamese businesses should develop their own sales channels and customer databases, says Nguyen Hoa Binh, founder and chairman of NextTech Group, a leading technology startup in Vietnam.
Economy - Thu, January 16, 2025 | 9:05 am GMT+7
Indonesia moves to secure domestic pharmaceutical independence
Indonesia's Health Ministry is working to achieve domestic pharmaceutical independence through research and development, production, and market guarantees.
Southeast Asia - Thu, January 16, 2025 | 8:09 am GMT+7
Malaysia cooperates with UAE in AI development, digital transformation
Malaysian Prime Minister Anwar Ibrahim has said that the country must embark on digital transformation within its economic and financial sectors, prioritizing areas such as blockchain and cryptocurrency to remain at the forefront of the digital age.
Southeast Asia - Wed, January 15, 2025 | 11:00 pm GMT+7
Thai billionaire seeks to increase stake in Vietnam dairy gaint Vinamilk
F&N Dairy Investments Pte. Ltd - an entity associated with Thai billionaire Charoen Sirivadhanabhakdi - has registered to purchase nearly 20.9 million shares of Vietnamese dairy giant Vinamilk (HoSE: VNM).
Companies - Wed, January 15, 2025 | 10:54 pm GMT+7
Vietnam PM leaves for official visits to Poland, Czech, WEF meeting
Prime Minister Pham Minh Chinh departed Hanoi on Wednesday afternoon for official visits to Poland and the Czech Republic, attendance at the 55th World Economic Forum (WEF) Annual Meeting in Davos, and bilateral meetings in Switzerland.
Politics - Wed, January 15, 2025 | 10:31 pm GMT+7
Malaysia’s manufacturing sector sees positive signs in 2025
Malaysia’s manufacturing sector is forecast to recover well in 2025 as global trade dynamics and geopolitical shifts influence market trends.
Southeast Asia - Wed, January 15, 2025 | 10:06 pm GMT+7
Thailand posts record investment last year
Thailand saw record investment figures for 2024, with applications exceeding THB1.13 trillion ($32.5 billion), the highest in the past decade, according to the country’s Board of Investment (BOI).
Southeast Asia - Wed, January 15, 2025 | 10:05 pm GMT+7
Indonesia considers reducing trade tariffs with US
Indonesia is planning to lower trade tariffs with the U.S. as President-elect Donald Trump prepares to implement a universal tariff policy.
Southeast Asia - Wed, January 15, 2025 | 9:58 pm GMT+7
Malaysia eyes greater sustainability in palm oil sector as EU law looms
The Malaysian government said on Tuesday that it will encourage sustainability while maintaining the competitiveness of its palm oil industry ahead of the implementation of the EU’s anti-deforestation law at the end of this year.
Southeast Asia - Wed, January 15, 2025 | 9:52 pm GMT+7
T&T Group proposes 3,400 hectare urban, logistics, aviation industry complex in central Vietnam
Vietnamese conglomerate T&T Group and Singaporean consultancy firm CPG Corporation have proposed an urban-commerce-service-logistics-aviation industry complex covering 3,400 hectares in the central province of Quang Tri.
Real Estate - Wed, January 15, 2025 | 5:17 pm GMT+7
Samsung Vietnam facilities in Thai Nguyen province post 5% revenue growth in 2024: outgoing CEO
Factories in Thai Nguyen province of Samsung Vietnam earned a total revenue of $26.3 billion in 2024, up 5% year-on-year, said outgoing Samsung Vietnam CEO Choi Joo Ho.
Companies - Wed, January 15, 2025 | 4:22 pm GMT+7
Draft decree on offshore wind power sets requirements for foreign investors
A draft decree on offshore wind power being compiled by Vietnam’s Ministry of Industry and Trade includes requirements for foreign investors, such as financial capacity and past experience.
Energy - Wed, January 15, 2025 | 4:01 pm GMT+7