Japan renewable firm Erex plans 50MW biomass power plant in central Vietnam
Japanese renewable energy firm Erex Co., Ltd. plans to build a 50MW biomass power plant in Vietnam’s central coastal province of Binh Dinh.
The VND2.4 trillion ($97.8 million) project will have an annual output of 296.4 million kWh, using stoker technology, according to the provincial Department of Planning and Investment. It is set to begin construction in 2027 and enter commercial operation in 2030.
The project site of 15-20 hectares is subject to surveys jointly conducted by Erex and the Institute of Energy under the Ministry of Industry and Trade, with priority given to locations with easy access that do not conflict with the province’s natural forest and forest lands.
A corner of Binh Dinh province, south-central Vietnam. Photo courtesy of Thanh Nien (Young People) newspaper.
The firm expects to initiate the project as soon as the under-drafting deployment plan for the national power development plan VIII (PDP VIII) is approved, Erex emphasized.
Per Erex’s calculations, the power plant will help reduce 250,695 tons of carbon emissions yearly. The factory will also conduct treatment for gas emission and solid waste per regulations, while the generated ash, slag, and biomass fuel will be delivered to suitable consumers.
In July 2023, Erex and local partner Sakura Green Energy JSC broke ground on a VND474.8 billion ($19.99 million) biomass fuel plant in the northern mountainous province of Yen Bai.
The three-hectare factory has a designed annual capacity of 150,000 tons of wood pellets and 305,000 tons of wood chip products. The plant, the first of 14 Erex projects planned in the country, is scheduled to begin operations in the third quarter of 2025.
In August-September 2023, Erex Co., Ltd. announced its plans to build biomass power plants in the northern highlands provinces of Lao Cai and Bac Kan, and the central province of Ha Tinh.
- Related News
- Read More
Sumitomo to break ground on $111 mln industrial park project in central Vietnam early next year
Japan’s Sumitomo Corporation is expected to begin construction of its Thang Long Thanh Hoa Industrial Park phase one in Q1/2026, according to Thanh Hoa province authorities.
Industrial real estate - Fri, December 5, 2025 | 9:05 am GMT+7
Vietnam enters new phase of large-scale industrial growth, led by high-value FDI: Savills
Vietnam is entering a new phase of industrial growth, as macroeconomic indicators, FDI inflows, and infrastructure development all point to a shift from quantity-driven growth to scale and quality expansion.
Economy - Thu, December 4, 2025 | 3:30 pm GMT+7
Northern Vietnam province Phu Tho plans its largest-ever urban area project at $3.9 bln
Authorities in Phu Tho have approved plans for a VND102.84 trillion ($3.9 billion) development that would become the largest real estate project in the northern Vietnamese province.
Real Estate - Thu, December 4, 2025 | 2:11 pm GMT+7
Petrovietnam to divest 35% stake in non-life insurer PVI via auction
State-owned Petrovietnam will divest its entire 35% stake in PVI Insurance, with a full-lot public auction proposed. The sale is expected to take place by year-end or early 2026.
Companies - Thu, December 4, 2025 | 2:00 pm GMT+7
Vietnam’s Alluvia Chocolate opens its flagship store at Mekong Deltal’s My Tho cruise port
Alluvia Chocolate, a famous Vietnamese handmade chocolate brand, officially opened its flagship store at My Tho Cruise Port in the southern province of Dong Thap last Saturday.
Companies - Thu, December 4, 2025 | 1:22 pm GMT+7
Central Vietnam province Ha Tinh picks Vingroup for 2 wind power projects worth $1.48 bln
The Ha Tinh People’s Committee has selected VinEnergo, an energy arm of Vingroup, as the investor for two offshore wind power projects in Ky Anh, with a combined investment of more than VND39 trillion dong ($1.48 billion).
Energy - Thu, December 4, 2025 | 12:54 pm GMT+7
New chapter for electronics major Viettronics after Geleximco takeover
Shares of Vietnam Electronics and Informatics Corp, or Viettronics (HoSE: VEC) - long inactive and trading mostly between VND8,000-9,000 ($0.34) apiece for many years - have surged more than sevenfold over the past 11 months, rising to VND60,700 ($2.3) on Wednesday.
Companies - Thu, December 4, 2025 | 9:23 am GMT+7
Central Vietnam hub Danang faces infrastructure challenges as high-rise buildings rise along Han river
A wave of new high-rise projects along the Han River is making Danang’s urban planning and management increasingly challenging, forcing the central city to rethink strategies to ease the pressure on its urban core.
Real Estate - Thu, December 4, 2025 | 9:02 am GMT+7
Vietnam's livestock major GreenFeed reaps $65 mln in H1 profit, outpacing major rivals
GreenFeed Vietnam, a leading livestock company in the country, posted VND1.72 trillion ($65.07 million) in H1 after-tax profit, 2.5 times higher than the same period last year.
Companies - Wed, December 3, 2025 | 9:00 pm GMT+7
Eight EVNNPT employees receive Vietnam General Confederation of Labor innovation award
The Vietnam General Confederation of Labor (VGCL) has awarded its annual Creative Labor Certificate to 24 members of Vietnam Electricity's trade union, including eight employees from subsidiary National Power Transmission Corporation (EVNNPT).
Companies - Wed, December 3, 2025 | 8:42 pm GMT+7
Profit of Samsung’s 4 major Vietnam factories up 4.5% in Jan-Sept
Four major factories of Samsung Electronics in Vietnam posted a total profit of KRW4.37 trillion ($2.98 billion) in the first nine months of 2025, up 4.51% year-on-year, according to the South Korean conglomerate’s Q3 consolidated earnings statements.
Companies - Wed, December 3, 2025 | 4:52 pm GMT+7
Vietnam approves expanded list of strategic energy projects to meet rising power demand
Prime Minister Pham Minh Chinh has approved a sweeping update to the country’s portfolio of national important and priority energy projects, marking one of the most comprehensive revisions to the sector’s development roadmap in recent years.
Energy - Wed, December 3, 2025 | 3:53 pm GMT+7
Vietnam Education Publishing House pledges $758,300 in textbooks for students in flood-hit areas
Vietnam Education Publishing House (VEPH) has pledged up to VND20 billion ($758,292) this year to provide textbooks for students in the areas stricken by typhoons, floods, and poor economic conditions.
Companies - Wed, December 3, 2025 | 12:23 pm GMT+7
International awards solidify PVI's position as top non-life insurer in Asia
PVI Insurance, the only non-life insurance company in Vietnam, has won two categories at the Insurance Asia News (IAN) Awards for Excellence 2025: General Insurer of the Year and Underwriting Initiative of the Year.
Companies - Wed, December 3, 2025 | 11:58 am GMT+7
Foxconn aims to produce unmanned aerial vehicles, Xbox consoles in northern Vietnam province Bac Ninh
Fushan Technology (Vietnam) LLC, a subsidiary of Taiwan-based electronics giant Foxconn, plans to add unmanned aerial vehicles (UAVs) and Xbox gaming consoles to its production portfolio under a VND8,354 billion ($316.74 million) project in Bac Ninh province.
Industries - Wed, December 3, 2025 | 11:24 am GMT+7
Three port majors bid for $1.8 bln Lien Chieu container terminal project
Three consortia have submitted bids for the $1.8 billion Lien Chieu container terminal project in Danang, all of them leading companies in global shipping and port operations, a local official said.
Infrastructure - Wed, December 3, 2025 | 9:04 am GMT+7
