Finnish parliament speaker joins inauguration of $57 mln waste-to-energy plant in northern Vietnam

By Tri Duc
Wed, March 27, 2024 | 5:04 pm GMT+7

The Thang Long-Bac Ninh waste-to-energy plant in the northern province of Bac Ninh was inaugurated Tuesday in the presence of Finnish parliament speaker Jussi Halla-aho.

The VND1.4 trillion ($56.5 million) factory utilizes technology and equipment provided by Finnish firm Valmet.

It is the first project in Vietnam that deploys circular technology for waste processing and burning. The 4.8-hectare facility has a daily capacity of processing 500 tons of waste, generating 11 MW of electricity.

Jussi Halla-aho (left), speaker of the Parliament of Finland, and Nguyen Anh Tuan (right), chief of Bac Ninh Party Committee, attend the inauguration ceremony of a waste-to-energy plant in Bac Ninh province, northern Vietnam, March 26, 2024. Photo courtesy of the National Assembly's news portal.

Jussi Halla-aho (left), speaker of the Parliament of Finland, and Nguyen Anh Tuan (right), chief of Bac Ninh Party Committee, attend the inauguration ceremony of a waste-to-energy plant in Bac Ninh province, northern Vietnam, March 26, 2024. Photo courtesy of the National Assembly's news portal.

With the latest WTE project, Bac Ninh has become the first locality in Vietnam to process the entire domestic waste generated every day with advanced technology.

The project, also the fourth of its kind in the northern province, is set to enter trial operation soon and increase the province’s waste processing capacity to 1,500 tons a day.

Three other projects in the province have already started official operations or are in trial mode.

Bac Ninh is now home to 28 industrial parks – 12 operational and 16 under construction – featuring almost 2,000 businesses with 300,000 workers. The province generates 1,100 tons of domestic waste, excluding industrial waste, every day.

Construction of the Thang Long-Bac Ninh waste-to-energy factory started in May 2019. It deploys technologies for filtering waste and collecting refuse-derived fuel (RDF) provided by BMH Technology, and circular incinerator and exhaust gas treatment provided by Finnish firm Valmet.

Jussi Halla-aho and his entourage left Hanoi the same day, concluding a three-day official visit to Vietnam at the invitation of his Vietnamese counterpart Vuong Dinh Hue.

During his visit, the Finnish speaker held talks with National Assembly Chairman Hue, Prime Minister Pham Minh Chinh, and Truong Thi Mai, permanent member of the Party Central Committee’s Secretariat and head of the Party Central Committee’s Organization Commission.

Leaders of the two countries discussed utilization of the EU-Vietnam Free Trade Agreement (EVFTA), especially in high technology, green development, environment, agriculture, forestry, information technology (IT); as well as other regional and international issues of common interest.

Comments (0)
  • Read More
KRX trading system to go live on Monday: A 'pivotal milestone' for Vietnam's market status upgrade

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 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

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

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 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

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 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

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

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 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

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 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

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

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 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 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