Bamboo Capital’s acquisition of waste treatment firm marks entry in waste-to-power sector
BCG Energy of private Vietnamese conglomerate Bamboo Capital group is set to enter the waste-to-power sector with the acquisition of Ho Chi Minh City-based waste treatment firm Tam Sinh Nghia Investment Development JSC.
BCG Energy and Tam Sinh Nghia have signed an in-principle contract on share purchase, making the latter a member of Bamboo Capital ecosystem.
After the acquisition, BCG Energy will build two Tam Sinh Nghia waste-to-power plants in HCMC and the neighboring province of Long An.
The move highlights BCG Energy’s status as a major energy firm in the country with a flexible approach to market development.
At the moment, Tam Sinh Nghia processes, classifies and incinerates waste in HCMC and the southern provinces of Long An and Kien Giang.
BCG Energy’s construction of waste-to-power factories with modern technology will advance the urban waste treatment process and boost environmental protection.
In 2024-2025, BCG Energy will build its first waste-to-power plant in HCMC, within the Tay Bac solid waste treatment complex in Cu Chi district.
The 20-hectare factory, with an investment of VND5,000 billion ($205.4 million), will be able to burn 2,000 tons of waste daily to generate 40 MW. In subsequent phases, the factory can expand its daily capacity to 5,200 tons for generating 130 MW.
HCMC, currently home to 13 million people, produces 9,000 tons of waste a day. While municipal authorities are speeding up waste processing projects, Bamboo Capital’s entry to the waste-to-power sector is expected to help relieve the city’s waste treatment pressures while supplying much-needed electricity.

An illustration of BCG Energy's waste-to-power plant in HCMC. Photo courtesy of Bamboo Capital.
In Long An province, BCG Energy will invest VND1,586 billion ($65.1 million) in a waste-to-power plant in Thanh Hoa district with a daily capacity of 500 tons of waste and electricity generation of 10 MW.
In Kien Giang province, Tam Sinh Nghia is operating a plant in Hon Dat district that can treat 200 tons of waste a day. BCG Energy plans to enlarge the VND200 billion ($8.21 million) plant into a waste-to-power facility.
In April 2022, the Prime Minister issued a decision on the National Environmental Protection Strategy to 2030 with a vision until 2050, focusing on handling solid and hazardous waste.
It envisions a network of solid waste treatment facilities within provinces and regions with appropriate technology for each region. It also seeks to promote the application of modern and environmentally friendly technologies towards limiting direct burial of household solid waste.
A major goal is to reduce the rate of urban landfill to 30% in 2025 and 10% in 2030. For HCMC, the ratio of waste-to-power processing is set to reach 80% in 2025 and 100% in 2030.
Vietnam currently has only three waste-to-power factories – in Can Tho city, Hanoi, and Bac Ninh province. Other projects are under negotiation or construction.
- Read More
KRX trading system to go live on Monday: A 'pivotal milestone' for Vietnam's market status upgrade
The official launch of the new KRX trading system on May 5, after more than a decade of preparations, will mark a pivotal turning point for Vietnam’s stock market status upgrade, said Nguyen Duy Hung, chairman of leading broker Saigon Securities Inc. (SSI).
Finance - Sun, May 4, 2025 | 10:02 pm GMT+7
Vietnam distributor of Chinese EVs reports big profit growth in Q1
Vietnam’s TMT Motors Corporation (HoSE: TMT), the distributor of Chinese electric vehicle brand Wuling, reported VND33.76 billion ($1.3 million) in Q1 after-tax profit, about 125 times higher than Q1/2024.
Companies - Sun, May 4, 2025 | 7:38 pm GMT+7
Vietnamese EV maker VinFast signs loans worth $190 mln for Indonesia plant
VinFast, the electric vehicle arm of Vietnam's leading private conglomerate Vingroup, has secured a long-term syndicated loan agreement worth IDR1.85 trillion ($110 million) and an $80 million accordion facility from two Indonesian banks to finance the construction of its plant in Indonesia.
Companies - Sun, May 4, 2025 | 12:55 pm GMT+7
Vietnam's logistics major Transimex targets 20% profit growth in 2025
Transimex, a top logistics firm in Vietnam, targets net profit of over VND204 billion ($7.8 million) for 2025, up 20% year-on-year, on revenue of over VND3.36 trillion ($129.2 million), up 1%.
Companies - Sun, May 4, 2025 | 12:23 pm GMT+7
Vietnam's retail giant Petrolimex seeks foreign partnership in green energy technologies
Vietnam's biggest gasoline retailer Petrolimex has started selling biofuels and is actively seeking opportunities to partner with international players to invest in green energy technologies. Chau Anh reports.
Companies - Sun, May 4, 2025 | 9:37 am GMT+7
Vietnam's major tire maker Danang Rubber to be supplier of EV maker VinFast
Danang Rubber JSC (DRC), a subsidiary of Vietnam’s state-owned chemical giant Vinachem, will develop a dedicated line of electric vehicle (EV) tires while rolling out products to support its new partnership with the country's leading EV manufacturer VinFast.
Economy - Sun, May 4, 2025 | 8:00 am GMT+7
Vietnam’s VN-Index world’s second-worst performer in Apr amid US tariff turmoil
Vietnam’s benchmark VN-Index dropped by more than 80 points, or 6.2%, in April, ranking as the second-worst performing stock index globally, according to data compiled by IndexQ.
Finance - Sat, May 3, 2025 | 6:48 pm GMT+7
American International School Vietnam chairwoman arrested for disrupting public order
Ho Chi Minh City police's investigative agency on Thursday initiated legal proceedings against and detained chairwoman of American International School Vietnam (AISVN) Nguyen Thi Ut Em for "disturbing public order.”
Companies - Sat, May 3, 2025 | 5:07 pm GMT+7
Nike, Adidas ask President Trump for tariff exemption over business shutdown concerns
Major footwear and apparel brands, including Nike and Adidas which outsource a large portion of their output from Vietnam, are asking U.S. President Donald Trump for a tariff exemption due to concerns over looming cost surges and business shutdown.
Economy - Sat, May 3, 2025 | 1:12 pm GMT+7
Vietnam's Novaland wins lawsuit against Korean giant Taekwang Vina over HCMC project
Vietnam's leading developer Novaland has won a legal dispute with South Korea’s Taekwang Vina regarding a major real estate project in Thu Duc city, Ho Chi Minh City.
Companies - Sat, May 3, 2025 | 11:20 am GMT+7
Vietnamese approves two-year sandbox trial of P2P lending
Vietnam will roll out a two-year sandbox trial of peer-to-peer (P2P) lending, credit scoring, and data sharing via open application programming interfaces, starting July 1, according to a newly-issued government decree.
Banking & Finance - Sat, May 3, 2025 | 8:17 am GMT+7
Hyundai Vietnam joint venture to spend $100 mln on shipbuilding capacity expansion
Hyundai Vietnam Shipbuilding Co., Ltd. (HVS), a joint venture between South Korea and Vietnam, is set to invest an extra $100 million in expanding its shipbuilding capacity in Vietnam.
Industries - Fri, May 2, 2025 | 8:03 pm GMT+7
Vietnam's economic hub HCMC moves closer to establishing int’l financial center
After more than two decades of planning, the vision of establishing an international financial center in Ho Chi Minh City is finally gaining real momentum as the Politburo has officially endorsed the proposal, drawing significant attention from investors.
Southeast Asia - Fri, May 2, 2025 | 6:04 pm GMT+7
Vietnam cuts LNG import tariff to boost clean energy transition
The Vietnamese Government has reduced the preferential import tariff on LNG from 5% to 2% under a decree issued on March 31, which marks a key step in accelerating the country’s shift from fossil fuels to cleaner energy.
Southeast Asia - Fri, May 2, 2025 | 3:26 pm GMT+7
Vietnam races against time to have EC’s 'yellow card' lifted before Sept 15
Vietnam's Ministry of Agriculture and Environment has proposed Prime Minister Pham Minh Chinh issue an action plan to address the European Commission's (EC) “yellow card” warning and prepare for the fifth EC inspection.
Southeast Asia - Fri, May 2, 2025 | 3:21 pm GMT+7
Vietnam's property market sees mixed prospects in Q2: analysts
Vietnam’s real estate market is expected to see positive developments in Q2, with developers launching new projects, but uncertainties from U.S. trade policies may influence market sentiment and consumer confidence, said analysts.
Real Estate - Fri, May 2, 2025 | 3:14 pm GMT+7