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
MoMo co-founder urges single fintech regulator, faster sandbox in Vietnam

MoMo co-founder urges single fintech regulator, faster sandbox in Vietnam

Vietnam should establish a single regulatory focal point and adopt a more flexible sandbox regime to accelerate fintech innovation, said Nguyen Ba Diep, co-founder of e-wallet giant MoMo.

Finance - Wed, September 17, 2025 | 8:00 am GMT+7

Indonesia to end incentives for imported CBU BEVs in 2026

Indonesia to end incentives for imported CBU BEVs in 2026

The Indonesian government has confirmed that it will stop providing incentives for imported completely built-up (CBU) battery electric vehicles (BEVs) from 2026.

Southeast Asia - Tue, September 16, 2025 | 9:44 pm GMT+7

Aquatic sector advised to navigate challenges, secure exports to EU, US

Aquatic sector advised to navigate challenges, secure exports to EU, US

Despite positive production signals with growth in 2025 projected at 4.25%, Vietnam's aquatic sector is facing mounting export pressures, particularly strict technical barriers in major markets such as the EU and the U.S.

Companies - Tue, September 16, 2025 | 9:41 pm GMT+7

Vietnam pledges favorable conditions for UK businesses

Vietnam pledges favorable conditions for UK businesses

Finance Minister Nguyen Van Thang has affirmed Vietnam’s commitment to improving its investment environment and creating favourable conditions for foreign enterprises, including those from the UK.

Companies - Tue, September 16, 2025 | 9:29 pm GMT+7

Lotte Shopping plans to open more shopping malls in Vietnam

Lotte Shopping plans to open more shopping malls in Vietnam

South Korean retail giant Lotte Shopping has unveiled plans to open an additional two to three large-scale shopping malls in major Vietnamese cities by 2030, underscoring the country’s growing role in the group’s international expansion strategy.

Companies - Tue, September 16, 2025 | 9:25 pm GMT+7

Vietnam ratifies WTO Agreement on Fisheries Subsidies

Vietnam ratifies WTO Agreement on Fisheries Subsidies

Vietnam officially deposited its instrument of ratification of the Agreement on Fisheries Subsidies at the WTO General Council’s special session in Switzerland on Monday.

Companies - Tue, September 16, 2025 | 9:21 pm GMT+7

What makes NobleGo - Vietnam’s first home-bidding livestream platform - so notable?

What makes NobleGo - Vietnam’s first home-bidding livestream platform - so notable?

NobleGo – Vietnam’s pioneering AI-powered livestream real estate bidding platform developed by Sunshine Group – has completed its first 20 livestream sessions.

Real Estate - Tue, September 16, 2025 | 4:53 pm GMT+7

Japanese retailer Aeon to debut another northern Vietnam shopping mall by end-2026

Japanese retailer Aeon to debut another northern Vietnam shopping mall by end-2026

Japanese-backed Aeonmall Vietnam is ramping up construction on its Aeon Mall Ha Long project in Quang Ninh province, home to Ha Long Bay, with an aim to open it to the public by end-2026.

Industries - Tue, September 16, 2025 | 3:54 pm GMT+7

Hanoi terminates Vinaxuki auto plant project, repurposes land for commercial complex

Hanoi terminates Vinaxuki auto plant project, repurposes land for commercial complex

A long-stalled automotive manufacturing project by Xuan Kien Auto JSC (Vinaxuki) has been officially terminated by Hanoi authorities, and the reclaimed land in Phuc Thinh commune will be repurposed for a new commercial and service complex.

Industries - Tue, September 16, 2025 | 2:44 pm GMT+7

Central Vietnam province reviews investment proposal for thermal power project after Thai EGATi pullout

Central Vietnam province reviews investment proposal for thermal power project after Thai EGATi pullout

Authorities in the central province of Quang Tri are evaluating a proposal from Power Generation JSC 1 (EVNGENCO 1), a subsidiary of state utility Vietnam Electricity (EVN), to take over the Quang Tri thermal power plant project, following the withdrawal of Thai investor EGATi.

Energy - Tue, September 16, 2025 | 1:44 pm GMT+7

Amata to sell stakes worth $46 mln in Vietnam units to Novaland-tied buyers

Amata to sell stakes worth $46 mln in Vietnam units to Novaland-tied buyers

Amata VN, the Vietnam arm of Thailand’s leading industrial park developer Amata, has approved a plan for its subsidiary Amata City Long Thanh Urban JSC (ACLT) to sell its remaining 51% stakes in two entities to local developer Novaland-linked buyers.

Real Estate - Tue, September 16, 2025 | 12:19 pm GMT+7

Vietnam already meets FTSE's criteria for stock market status upgrade: Finance Minister

Vietnam already meets FTSE's criteria for stock market status upgrade: Finance Minister

Vietnam has fulfilled the criteria for a stock market status upgrade by FTSE Russell through reforms aimed at facilitating foreign investment inflows into its market, said Minister of Finance Nguyen Van Thang.

Economy - Tue, September 16, 2025 | 9:36 am GMT+7

Banks should be allowed to distribute, invest in mutual fund certificates: Vietnam's finance ministry

Banks should be allowed to distribute, invest in mutual fund certificates: Vietnam's finance ministry

The Ministry of Finance is proposing a key reform that would allow commercial banks to invest in and distribute mutual fund certificates, as part of a broader plan to restructure the investor base and foster the development of Vietnam’s fund management industry.

Finance - Tue, September 16, 2025 | 8:00 am GMT+7

E-commerce boom a major driver of Vietnam's packaging paper industry growth

E-commerce boom a major driver of Vietnam's packaging paper industry growth

Vietnam's paper packaging industry is entering a period of strong growth, with an average annual growth rate forecasted at 10% until 2030.

Companies - Mon, September 15, 2025 | 10:20 pm GMT+7

Vietnam needs support from UK in developing international financial center: Deputy PM

Vietnam needs support from UK in developing international financial center: Deputy PM

Permanent Deputy Prime Minister Nguyen Hoa Binh has called on the UK and the City of London to continue supporting and accompanying Vietnam in promoting and introducing its international financial center (IFC).

Finance - Mon, September 15, 2025 | 10:12 pm GMT+7

Vietnam enforces 8% capital adequacy ratio for banks from Sept 15

Vietnam enforces 8% capital adequacy ratio for banks from Sept 15

Commercial banks and foreign bank branches in Vietnam must maintain a minimum capital adequacy ratio (CAR) of 8%, including at least 4.5% in Tier 1 core capital and 6% in Tier 1 capital, starting from September 15.

Banking - Mon, September 15, 2025 | 10:04 pm GMT+7