Environment firm secures $20 mln in loans from foreign sources
Binh Duong Water Environment JSC (Biwase) signed loans of $20 million with foreign sources on Friday, without a government guarantee, for the construction and operation of a composting plant and waste-to-energy facility in Binh Duong province.
The financing includes $7 million from the Asian Development Bank (ADB), $6 million from the Leading Asia’s Private Infrastructure Fund (LEAP) administered by ADB, and parallel co-financing of $7 million from the Japan International Cooperation Agency (JICA).
Representatives of ADB, JICA, and Biwase. Photo courtesy of the company.
The composting plant will have a processing capacity of 840 tons daily and the output will be sold as fertilizer for agricultural use.
The 5 MW, waste-to-energy facility will be able to process 200 tons of solid waste per day to generate electricity for in-house use at the South Binh Duong Solid Waste Treatment Complex.
Upon completion, the projects will handle 2,520 tons of waste daily, while the rest will incinerated for electricity production, said Biwase CEO Nguyen Van Thien.
The waste processing facility in the southern province now receives over 2,500 tons of household waste and 300 tons of industrial waste daily.
ADB director general for Southeast Asia Ramesh Subramania said: "This project supports Vietnam’s continuous efforts to improve its overall waste management system. It will provide a model for other provinces and surrounding countries seeking to reduce waste through modern processing systems and reduce the amount of waste that ends up in landfill."
- Related News
- Read More
Infrastructure builder Deo Ca must be a 'durable horse' for the long road: chairman
Ho Minh Hoang, chairman of Deo Ca Traffic Infrastructure Investment JSC (HHV), a leading transport infrastructure developer in Vietnam, said the company should not seek overnight expansion but instead pursue disciplined and sustainable long-term growth.
Companies - Sat, May 23, 2026 | 8:17 am GMT+7
Agribank advances ESG implementation, strengthening foundation for sustainable development
As sustainable development becomes an increasingly important requirement for the financial and banking sector, Agribank is steadily reaffirming its development orientation aligned with environmental, social, and governance (ESG) principles.
Companies - Fri, May 22, 2026 | 4:24 pm GMT+7
Two Hermes bags of convicted tycoon Truong My Lan fetch $531,000 at auction
Two luxury Hermes handbags belonging to tycoon Truong My Lan, chairwoman of Van Thinh Phat, were successfully auctioned in Ho Chi Minh City, generating more than VND14 billion ($530,970) for asset recovery efforts tied to one of Vietnam’s largest financial fraud cases.
Companies - Fri, May 22, 2026 | 4:09 pm GMT+7
Vietnam’s cosmetics retail market keeps expanding but at slow pace
Vietnam’s cosmetics retail market continued expanding in 2026, though the pace of store openings has begun to moderate after years of rapid growth, according to market research firm Q&Me.
Economy - Fri, May 22, 2026 | 3:53 pm GMT+7
Major Vietnam conglomerates deepen presence in agriculture sector
The growing presence of both long-established agricultural companies and newly participating private conglomerates is reshaping Vietnam’s agriculture sector into a more diversified industry landscape.
Companies - Fri, May 22, 2026 | 3:27 pm GMT+7
Tai Tam expands energy portfolio with $70 mln wind power project in central Vietnam
A nearly VND1.85 trillion ($70.26 million) wind power project in Gia Lai province marks a new step in Tai Tam Group JSC’s strategy to expand its renewable energy ecosystem.
Energy - Fri, May 22, 2026 | 11:38 am GMT+7
Vietnam's wealth management market offers hundreds of billions of US dollars in growth potential
As Vietnam’s middle class expands rapidly and demand for wealth accumulation rises, the country’s wealth management market is entering a strong growth phase, with potential to reach hundreds of billions of U.S. dollars in the coming years.
Finance - Fri, May 22, 2026 | 10:47 am GMT+7
Winner Medical starts building $61 mln medical supplies plant in northern Vietnam
Nature Health Development International Co. Ltd, a Hong Kong-based subsidiary of China's Winner Medical, has broken ground on a medical supplies manufacturing plant worth over VND1.5 trillion ($60.5 million) in Vietnam’s northern province of Quang Ninh.
Investing - Fri, May 22, 2026 | 7:48 am GMT+7
Dragon Capital Vietnam veteran Tran Thanh Tan steps down as vice chairman
Dragon Capital Vietfund Management (DCVFM), a subsidiary of Vietnam-focused asset manager Dragon Capital Group, has approved the resignation of Tran Thanh Tan from his position as vice chairman, marking a major leadership transition at one of Vietnam’s oldest foreign fund management firms.
Finance - Thu, May 21, 2026 | 5:09 pm GMT+7
M&A set to drive Vietnam’s hospitality market in 2026
Analysts expect mergers and acquisitions (M&A) to accelerate sharply in Vietnam’s hotel and resort sector in 2026, particularly in the four-star and five-star segments in Hanoi and Ho Chi Minh City, as tourism recovery strengthens and investors hunt for premium assets.
Real Estate - Thu, May 21, 2026 | 4:01 pm GMT+7
Vietnam’s convenience store boom shifts beyond major cities as chains race for scale
Vietnam’s convenience store and mini-supermarket sector is expected to post another year of rapid expansion in 2026, driven by aggressive store openings from leading retail chains and a strategic push into smaller cities and rural areas, according to market research firm Q&Me.
Companies - Thu, May 21, 2026 | 3:26 pm GMT+7
Phat Dat seeks shareholder approval for Thu Thiem Eco Smart City investment
Phat Dat Real Estate Development Corporation (HoSE: PDR) is seeking to become a strategic investor in the Thu Thiem Eco Smart City project developed by South Korean-backed Lotte Properties HCMC in Ho Chi Minh City.
Real Estate - Thu, May 21, 2026 | 1:38 pm GMT+7
The end of the ‘cash cow’ era: Central Vietnam condotels give way to luxury apartments
After a boom period fueled by attractive profit commitments, the condotel segment in Vietnam’s central city of Danang has entered a prolonged downturn, while the high-end apartment segment is rapidly gaining momentum as the new focal point of the coastal urban real estate market.
Real Estate - Thu, May 21, 2026 | 11:35 am GMT+7
Marubeni becomes shareholder of Amata subsidiary in northern Vietnam
Marubeni Corporation has completed procedures to acquire a 20% stake in Amata Ha Long, a subsidiary of Thailand’s Amata Corporation, the companies said during a meeting with Quang Ninh authorities on Tuesday.
Companies - Thu, May 21, 2026 | 10:07 am GMT+7
Systemic liquidity pressure: Interest rates in Vietnam unlikely to fall further
Rising liquidity pressures are making it increasingly difficult for Vietnam’s deposit interest rates to decline further in 2026, with many commercial banks maintaining rates for 6-12 month deposits at around 6.5-7.8% per year.
Banking - Thu, May 21, 2026 | 8:00 am GMT+7
Danang airport starts $57 mln terminal expansion
Vietnam's central city of Danang has started construction on a nearly VND1.5 trillion ($56.88 million) expansion project for the international passenger terminal (T2) at Danang International Airport, as the city seeks to ease congestion and strengthen its position as a regional tourism hub.
Infrastructure - Wed, May 20, 2026 | 9:23 pm GMT+7
