Bamboo Capital breaks ground on waste-to-energy plant in HCMC

By Minh Minh
Sun, July 21, 2024 | 4:16 pm GMT+7

Bamboo Capital Group (BCG), a leading Vietnamese private conglomerate, began construction on its Tam Sinh Nghia waste-to-energy plant in Cu Chi district, Ho Chi Minh City on Saturday.

The facility aims to address the city's growing waste management challenges while generating clean energy.

Delegates perform the groundbreaking ceremony for the Tam Sinh Nghia waste-to-energy plant in HCMC, July 20, 2024. Photo courtesy of BCG.

Delegates perform the groundbreaking ceremony for the Tam Sinh Nghia waste-to-energy plant in HCMC, July 20, 2024. Photo courtesy of BCG.

Reducing waste treatment pressure for HCMC

Statistics from 2023 show that HCMC produces 9,800 tons of domestic waste daily, reaching up to 11,000 tons during peak holiday periods.

Vietnam, among the top 20 countries in terms of amount of waste, produces about 60,000 tons of domestic waste daily, with approximately 60% originating from urban areas.

Nguyen Toan Thang, director of HCMC’s Department of Natural Resources and Environment, delivers opening remarks at the groundbreaking ceremony in HCMC, July 20, 2024. Photo courtesy of BCG.

Nguyen Toan Thang, director of HCMC’s Department of Natural Resources and Environment, delivers opening remarks at the groundbreaking ceremony in HCMC, July 20, 2024. Photo courtesy of BCG.

Solid domestic waste is a serious environmental issue in Vietnam, with an average increase of 6% per year projected for 2021-2030. Currently, most waste is treated through landfilling, causing environmental consequences such as groundwater and soil pollution, odor dispersion, and leachate contamination.

Waste-to-energy technology is considered the most effective solution to address waste treatment issues while ensuring environmental protection and public health. However, HCMC currently lacks operational waste-to-energy plants, and traditional waste treatment technologies pose environmental risks and fail to recover heat energy.

Recognizing this situation and leveraging its experience as a leading clean energy company in Vietnam, BCG Energy, a subsidiary of Bamboo Capital Group, acquired Tam Sinh Nghia Investment and Development Company on January 31, 2024, officially entering the waste-to-energy sector.

Tam Sinh Nghia manages waste treatment in HCMC and the southern provinces of Long An and Kien Giang. The company has obtained licenses to apply waste-to-energy technology to plants located in HCMC and Long An.

Following the acquisition of Tam Sinh Nghia Investment and Development Company, Bamboo Capital Group and BCG Energy have collaborated with authorities to complete necessary legal procedures.

BCG Energy swiftly selected optimal technology for the project, developed plant design plans, sought technology partners, and engaged experienced construction contractors in the waste-to-energy field to create an effective and timely construction plan.

Bui Xuan Cuong, Vice Chairman of HCMC’s People's Committee, speaks at the groundbreaking ceremony, July 20, 2024. Photo courtesy of BCG.

Bui Xuan Cuong, Vice Chairman of HCMC’s People's Committee, speaks at the groundbreaking ceremony, July 20, 2024. Photo courtesy of BCG.

On July 5, 2024, Tam Sinh Nghia Investment and Development Joint Stock Company secured a construction permit from HCMC's Department of Construction, allowing the project to be constructed in three phases.

Phase 1, with an investment of VND6.4 trillion ($252.7 million), will enable the plant to incinerate 2,000-2,600 tons of waste per day, equivalent to 20-25% of the city's waste discharge.

This is expected to reduce carbon dioxide emissions by 257,000 tons annually. The facility will have a daily generation capacity of 60 MW, supplying 365 million kWh per year to the national grid.

The plant will employ waste-to-power technology designed to prevent environmental pollution while recovering thermal energy for production.

Making Tam Sinh Nghia a training center for HR, waste-to-energy technology transfer

At the groundbreaking ceremony, Pham Minh Tuan, vice chairman of Bamboo Capital Group, stated that the plant will be developed into a large-scale, modern facility, and a center for training human resources and transferring waste-to-energy technology nationwide.

Pham Minh Tuan, vice chairman of Bamboo Capital Group, speaks at the groundbreaking ceremony in HCMC, July 20, 2024. Photo courtesy of BCG.

Pham Minh Tuan, vice chairman of Bamboo Capital Group, speaks at the groundbreaking ceremony in HCMC, July 20, 2024. Photo courtesy of BCG.

BCG Energy has chosen SUS-Hitachi Zosen Vonroll technology as the core technology for the Tam Sinh Nghia waste-to-energy plant. This technology, used in hundreds of waste-to-energy plants worldwide, is considered one of the most advanced available. It is particularly well-suited for Vietnam's domestic waste characteristics, which typically include untreated waste with high moisture content and low calorific value.

Even in locations with stringent environmental standards such as Japan, Taiwan, and the United Arab Emirates, waste-to-energy plants using SUS-Hitachi Zosen Vonroll technology are situated in large, densely populated cities. The plant's waste treatment activities are conducted in a closed loop, with emissions being safely treated.

The SUS-Hitachi Zosen Vonroll incineration process significantly reduces waste volume and mass, while converting the heat generated into electrical energy for production and daily use. The resulting ash is non-hazardous and can be used to produce construction materials. Wastewater from the plant's operations is collected, treated in a closed loop, and reused to cool the machinery system.

Emissions and fly ash from the incineration process are treated using modern technology that exceeds the EURO 2010 treatment standard, ensuring no odor or air pollution is released into the environment.

Perspective of the Tam Sinh Nghia waste-to-energy plant to be built by Bamboo Capital Group. Photo courtesy of the company.

Perspective of the Tam Sinh Nghia waste-to-energy plant to be built by Bamboo Capital Group. Photo courtesy of the company.

Bamboo Capital Group and BCG Energy, in collaboration with their technology partners, are committed to constructing and promptly operating the plant while adhering to stringent technical standards.

This project aims to establish the Tam Sinh Nghia plant as a model facility and an environmental symbol for HCMC. It will also serve as a center for training human resources and transferring waste-to-energy technology throughout the country.

Concurrent with the construction of the Tam Sinh Nghia waste-to-energy plant in HCMC, BCG Energy plans to implement similar projects in Long An and Kien Giang provinces.

The company is actively exploring opportunities to expand its investment in waste-to-energy plants and other potential renewable energy projects across Vietnam.

Comments (0)
  • Read More
MBBank partners with Visa, Kotra to launch new MB Visa Hi BIZ corporate card

MBBank partners with Visa, Kotra to launch new MB Visa Hi BIZ corporate card

MBBank (MB) on Wednesday launched a new version of its MB Visa Hi BIZ corporate card, offering enhanced spending management tools and cross-border payment capabilities through partnerships with Visa and South Korea’s trade promotion agency Kotra.

Banking - Thu, November 20, 2025 | 9:38 pm GMT+7

Germany looks to Vietnam's largest tungsten mine for critical mineral supply diversification

Germany looks to Vietnam's largest tungsten mine for critical mineral supply diversification

Germany is turning its attention to Vietnam’s Nui Phao mine, one of the world’s largest tungsten deposits outside China, as part of efforts to diversify supplies of strategic minerals.

Industries - Thu, November 20, 2025 | 5:27 pm GMT+7

Vietnam's tech firms should pursue end-to-end product strategy, avoid ‘halfway’ innovation: minister

Vietnam's tech firms should pursue end-to-end product strategy, avoid ‘halfway’ innovation: minister

Vietnamese technology firm ought to pursue a product-driven strategy and sustain long-term global ambitions, said Minister of Science and Technology Nguyen Manh Hung.

Economy - Thu, November 20, 2025 | 5:23 pm GMT+7

Vietnam’s gaming market needs more than just a 'pho restaurant'

Vietnam’s gaming market needs more than just a 'pho restaurant'

To keep up with the booming gaming industry, Vietnamese developers must innovate by embracing stronger technology adoption while still forging a unique identity, and sometimes, that unique identity could simply be represented by a humble bowl of pho (noodle soup).

Economy - Thu, November 20, 2025 | 4:14 pm GMT+7

F88 named among Best Managed Companies 2025 by Deloitte

F88 named among Best Managed Companies 2025 by Deloitte

Vietnam’s consumer finance major F88 has been recognized by Deloitte as one of the “Vietnam Best Managed Companies 2025”, meeting international governance standards.

Companies - Thu, November 20, 2025 | 2:47 pm GMT+7

PTC1 unit assesses information security at 220kV northern Vietnam substations

PTC1 unit assesses information security at 220kV northern Vietnam substations

The Northeast Power Transmission Team 3, a unit of Power Transmission Company No.1 (PTC1), coordinated with Cyberspace Operations Command (Command 86) to conduct an information security (IS) assessment at the 220kV Lang Son and Bac Quang substations from November 10-14.

Companies - Thu, November 20, 2025 | 1:12 pm GMT+7

Vietnam’s largest listed firm to double charter capital

Vietnam’s largest listed firm to double charter capital

Vingroup, the biggest company by market capitalization on Vietnam's bourses, said it will double its charter capital to more than VND77 trillion ($2.92 billion) after issuing nearly 3.9 billion bonus shares to existing shareholders at a 1:1 ratio.

Companies - Thu, November 20, 2025 | 11:50 am GMT+7

Consortium plans $12.8 bln boulevard-landscape project in Hanoi

Consortium plans $12.8 bln boulevard-landscape project in Hanoi

A consortium including Vietnam’s transport infrastructure giant Deo Ca Group has proposed developing the VND338 trillion ($12.81 billion) Red River boulevard and landscape, which could become Hanoi’s largest-ever infrastructure project.

Infrastructure - Thu, November 20, 2025 | 8:58 am GMT+7

Viettel, UAE-based EDGE partner on defense, dual-use technologies

Viettel, UAE-based EDGE partner on defense, dual-use technologies

Military-run Viettel, Vietnam’s largest telecommunications and technology group, has signed an MoU with EDGE, one of the world’s leading advanced technology and defence companies, in a move that underscores the country’s ambition to expand high-tech manufacturing.

Companies - Thu, November 20, 2025 | 8:53 am GMT+7

Maersk eyes building major container ports in Vietnam

Maersk eyes building major container ports in Vietnam

A.P.Moller - Maersk (Maersk) is exploring investment opportunities to develop large, modern and low-carbon container ports in Vietnam.

Infrastructure - Wed, November 19, 2025 | 4:36 pm GMT+7

Taiwan semiconductor giant Panjit acquires 95% of Japan-based Torex’s Vietnam arm

Taiwan semiconductor giant Panjit acquires 95% of Japan-based Torex’s Vietnam arm

Panjit International Inc, a Taiwan-listed semiconductor major, has approved the acquisition of a 95% stake in Torex Vietnam Semiconductor, a subsidiary of Japan-based Torex.

Companies - Wed, November 19, 2025 | 3:59 pm GMT+7

Vietnam PM urges Kuwait Petroleum to expand Nghi Son refinery, build bonded fuel storage facility

Vietnam PM urges Kuwait Petroleum to expand Nghi Son refinery, build bonded fuel storage facility

Prime Minister Pham Minh Chinh on Tuesday called on Kuwait Petroleum Corporation (KPC) to expand the Nghi Son oil refinery and build a bonded fuel storage facility in Vietnam.

Industries - Wed, November 19, 2025 | 3:18 pm GMT+7

Southern Vietnam port establishes strategic partnership with Japan’s Port of Kobe

Southern Vietnam port establishes strategic partnership with Japan’s Port of Kobe

Long An International Port in Vietnam’s southern province of Tay Ninh and Japan’s Port of Kobe on Monday signed an MoU establishing a strategic port partnership which is expected to boost trade flows, cut logistics costs, and deliver greater benefits to businesses across the region.

Companies - Wed, November 19, 2025 | 10:14 am GMT+7

Thaco's agri arm seeks to expand $44 mln cattle project in central Vietnam

Thaco's agri arm seeks to expand $44 mln cattle project in central Vietnam

Truong Hai Agriculture JSC (Thaco Agri), the agriculture arm of conglomerate Thaco, looks to aggressively expand its flagship cattle farming project in the central Vietnam province of Gia Lai.

Industries - Wed, November 19, 2025 | 9:56 am GMT+7

Japan food major Acecook eyes new plant in southern Vietnam

Japan food major Acecook eyes new plant in southern Vietnam

Acecook, a leading instant noodle maker with 13 plants operating in Vietnam, is studying a new project in the southern province of Tay Ninh.

Industries - Wed, November 19, 2025 | 9:39 am GMT+7

Vietnam’s largest Aeon Mall to take shape in Dong Nai province

Vietnam’s largest Aeon Mall to take shape in Dong Nai province

Authorities of Dong Nai province, a manufacturing hub in southern Vietnam, on Monday awarded an investment registration certificate to Japanese-invested Aeon Mall Vietnam Co., Ltd. for its Aeon Mall Bien Hoa project.

Industries - Tue, November 18, 2025 | 8:17 pm GMT+7