Hanoi firm plans bid for $141 mln waste-to-power plant in Dong Nai
The Amaccao Group, a Vietnamese multi-sector business, plans to submit a bid for building a VND3,500 billion ($140.7 million) waste-to-power plant in the southern industrial province of Dong Nai.
An executive of the Hanoi-based group informed provincial authorities about their decision in a meeting Thursday.
The waste-to-power plant in Vinh Tan commune, Vinh Cuu district will be able to handle 1,500 tons of waste a day.
Amaccao said it has experience in waste-to-power projects using German technology and already has the materials needed for building the plant.
The project is part of four proposals the group has suggested to Dong Nai province, the others involving social housing, renovation of stone mines and bidding for urban industrial projects.
Amaccao also proposed to develop another waste-to-power plant in Dinh Quan district.
Illustration of the under-construction Seraphin waste-to-power plant in Hanoi, invested by Amaccao. Photo courtesy of the company.
Dong Nai Vice Chairman Vo Van Phi said the province would support Amaccao in its investments as they are what the province wants.
He said Dong Nai would open soon the bidding process for the waste-to-power project, which has been approved for implementation in the public-private partnership (PPP) format.
For the second waste-to-power project in Dinh Quan district, Phi said the group must fulfill procedures to seek permission for it to be added to the national plan.
Earlier, Dong Nai announced its plans to invest VND2,286 billion ($94 million) in building a waste-to-power plant in PPP format next year, without using the state budget. Construction on the 12-hectare plant in Vinh Tan commune, Vinh Cuu district will take three years, to complete in 2026.
According to the provincial Department of Planning and Investment, the facility can process 300,000 tons of domestic waste yearly, or half of the total in Dong Nai, and generate 160,000 MWh of electricity annually.
The waste-to-power project has been included in the valid national power development plan VII (PDP VII), said Truong Thi My Dung, director of the provincial Department of Industry and Trade. The province has proposed that five similar projects are also included in the draft PDP VIII.
Amaccao currently operates in four sectors: manufacturing, education-training, construction and real estate-environment & energy.
The firm is building two waste-to-power plants in Hanoi with investments of VND3,850 billion ($154.8 million) and VND2,800 billion, respectively; and one in the southern province of Ba Ria-Vung Tau, also with an investment of VND2,800 billion.
Several waste-to-power plant projects are progressing in Vietnam. Earlier this month, the Japanese Embassy in Vietnam and the northern province of Quang Ninh initiated a project generating electricity from waste. The plant in Uong Bi town of Quang Ninh, home to UNESCO natural heritage site Ha Long Bay, will process domestic, industrial, and medical waste to produce energy.
In August, Harvest Waste B.V., a Dutch waste management company, received permission to carry out initial studies for a waste-to-energy project in the Mekong Delta province of Soc Trang. The southern province currently has only one operational solid waste treatment plant. This buries waste for a composting process that turns out compost.
Late last month, the capital of Hanoi put into operation a 75-MW waste-to-power plant. This is also the largest waste incineration plant in Vietnam with a capacity of handling 4,000 tons of dry waste a day, equivalent to nearly 5,500 tons of wet waste.
- Read More
Taiwanese apparel material supplier Paiho injects additional $120 mln into southern Vietnam unit
Paihong Vietnam Co. Ltd., a unit of Taiwan-based Paiho Shih Holdings Corporation serving the footwear and apparel industries, has decided to raise capital by $120 million through the issuance of 120 million new shares.
Industries - Sun, May 10, 2026 | 5:28 pm GMT+7
Vietnam calls for expanded flexible financing tools from ADB
Prime Minister Le Minh Hung has called on the Asian Development Bank (ADB) to expand flexible and preferential financing instruments better suited to Vietnam’s funding needs for development investment in the coming period.
Economy - Sun, May 10, 2026 | 4:08 pm GMT+7
Asia’s leading luxury travel magazine hails Hanoi's new opera house: 'Move aside, Sydney'
Even while under construction, the new Hanoi Opera House at West Lake has become a focal point for international media.
Companies - Sun, May 10, 2026 | 11:21 am GMT+7
Duc Giang Chemicals CEO reassures shareholders, accepts profit erosion pressure
CEO of Duc Giang Chemicals Group JSC (HoSE: DGC) Luu Bach Dat admitted shortcomings in the company’s legal compliance following the arrest of senior executives and pledged to close regulatory loopholes to prevent similar issues in the future.
Companies - Sun, May 10, 2026 | 10:54 am GMT+7
Vietnam developer Saigonres plans $650 mln investment for next 5 years
Saigon Real Estate Group JSC (Saigonres) plans total investment of VND17.11 trillion ($650.37 million) for 2026-2030, implying average annual capital demand of about VND3-4 trillion ($114-152 million).
Real Estate - Sun, May 10, 2026 | 10:15 am GMT+7
Firms must abandon five leadership habits to navigate AI era: FPT CEO
The important thing is not to chase AI, but to apply AI to solve the right organizational problems, said Nguyen Van Khoa, CEO of FPT Corporation, a leading technology company in Vietnam.
Companies - Sun, May 10, 2026 | 8:00 am GMT+7
Trung Nam Group's solar power arm suffers $37 mln loss amid rising debt pressure
Trung Nam Thuan Nam Solar Power Company Limited, a subsidiary of the multi-sector Trung Nam Group, incurred a net loss of VND969 billion ($36.83 million) in 2025, reversing a profit of VND138.2 billion ($5.35 million) a year earlier, according to its 2025 earnings statement.
Companies - Sat, May 9, 2026 | 3:01 pm GMT+7
French firms eye Vietnam’s North-South high-speed railway project
A delegation of 15 major French companies and industrial groups has expressed interest in participating in Vietnam’s planned North-South high-speed railway project.
Infrastructure - Sat, May 9, 2026 | 2:38 pm GMT+7
Grocery chain Bach Hoa Xanh opens 1st store in Hanoi, takes cautious northern Vietnam expansion approach
Bach Hoa Xanh, a grocery chain operated by Vietnam’s leading retailer Mobile World Investment Corporation (HoSE: MWG), has opened its first store in Hanoi, marking entry into one of the country’s most competitive consumer markets.
Companies - Sat, May 9, 2026 | 8:17 am GMT+7
Intel to continue expanding investment in Vietnam: exec
U.S. chipmaker Intel will continue expanding investment, supporting workforce training, and helping develop Vietnam’s semiconductor ecosystem as the country refines investment support mechanisms to retain large-scale high-tech projects, said its executives.
Industries - Fri, May 8, 2026 | 7:48 pm GMT+7
Vietnam stocks extend rally to fresh record high
Vietnam’s benchmark VN-Index extended gains for a fourth straight session on Thursday, closing at a new all-time high of 1,915.37 points as large-cap banking and property stocks supported the market despite continued foreign selling.
Finance - Fri, May 8, 2026 | 5:49 pm GMT+7
Vingroup’s VinMetal partners with Primetals for green steel complex in central Vietnam
Vingroup’s subsidiary VinMetal has signed a strategic cooperation agreement with global steel giant Primetals Technologies to develop a large-scale integrated steel complex in central Vietnam.
Industries - Fri, May 8, 2026 | 4:25 pm GMT+7
Hanoi pushes Sumitomo, BRG to accelerate $4.2 bln smart city project
Hanoi authorities have asked Japan’s Sumitomo and local conglomerate BRG Group to quicken the progress of the North Hanoi Smart City project as soon as legal procedures are finalized.
Real Estate - Fri, May 8, 2026 | 3:31 pm GMT+7
Moody's Ratings upgrades MBBank's deposit ratings to Ba2 from Ba3, outlook stable
Moody’s Ratings (Moody’s) has announced an upgrade of the local currency and foreign currency long-term deposit and issuer ratings for Military Commercial Joint Stock Bank (MB, HoSE: MBB) from Ba3 to Ba2, aligning with Vietnam’s sovereign rating (Ba2 positive). The outlook remains "Stable."
Banking - Fri, May 8, 2026 | 3:00 pm GMT+7
Vietnam welcomes leading Indian groups to expand energy, infrastructure cooperation: top leader
Vietnam is ready to create favorable conditions for capable Indian corporations and businesses to expand investment and operations in the country in line with its laws, while ensuring transparency and balanced interests among stakeholders, said Vietnam’s Party chief and President To Lam.
Economy - Fri, May 8, 2026 | 1:59 pm GMT+7
Vietnam airport operator ACV records slows disbursement for Long Thanh mega-airport project
Airports Corporation of Vietnam's (ACV) slow disbursement for the Long Thanh International Airport project, located in the southern province of Dong Nai, highlights implementation bottlenecks despite the company's strong profitability in Q1/2026 and substantial cash reserves for the country's largest aviation infrastructure project.
Companies - Fri, May 8, 2026 | 1:41 pm GMT+7




















