Singapore-invested firm to build $4.3 mln wastewater treatment factory in southern Vietnam
Koastal Eco Industries Co., Ltd., under Singapore’s Koastal Group, has signed an EPC (engineering, procurement and construction) contract to build a $4.3-million wastewater treatment plant in Vietnam’s southern province of Tay Ninh.
The facility, with a daily capacity of 15,000 cubic meters, is set to process all wastewater from plants in the Thanh Thanh Cong Industrial Zone, invested by the namesake company, under conglomerate TTC Group JSC.
Executives of Thanh Thanh Cong and Koastal Eco Industries sign an EPC contract in Tay Ninh province, southern Vietnam, on January 2, 2024. Photo courtesy of Koastal Eco Industries.
Construction of the facility is set to begin later this quarter. The facility, also Koastal Eco Industries’ sixth project in Vietnam, will process the post-treatment mud into compost fertilizer.
The Thanh Thanh Cong Industrial Zone is now home to over 100 businesses with over 30,000 laborers in Tay Ninh and nearby provinces. A majority of businesses in the industrial park are in the sector of dyeing fabric. The industrial park will be expanded by 500 hectares, to 1,520 hectares in total, with a goal of becoming an eco-industrial park.
Tay Ninh province recorded a gross regional domestic product (GRDP) growth of 6.12% in 2023, according to provincial data. The growth was driven by an 8.08% increase of the industry sector, 2.96% of agriculture, 7.64% of construction, and 6.05% of services. The province's index of industrial production (IIP) rose 9.03% last year.
- Related News
- Read More
New expressway shortens Hanoi-Nghe An travel time to three hours by car
The Dien Chau - Bai Vot Expressway from Dien Chau district to National Highway 46B in Hung Nguyen district, the central province of Nghe An, will be opened to traffic on Sunday, shortening the travel time from Hanoi and the province’s Vinh town to three hours by car.
Infrastructure - Fri, April 26, 2024 | 12:00 pm GMT+7
Dairy giant Vinamilk targets 5% pre-tax profit growth in 2024
Vietnamese dairy giant Vinamilk aims to earn VND63.16 trillion ($2.5 billion) in revenue and VND11.5 trillion ($453.92 million) in pre-tax profit this year, up 4.4% and 5.1% year-on-year, respectively, CEO Mai Kieu Lien said on Thursday.
Companies - Fri, April 26, 2024 | 11:53 am GMT+7
LG invests $8.24 bln in northern Vietnam city, urged to do more in training, healthcare
South Korean chaebol LG’s investment in Vietnam’s northern coastal city of Hai Phong has amounted to $8.24 billion to date, and the local administration has called on the company to invest more in education-training and healthcare.
Industries - Fri, April 26, 2024 | 11:43 am GMT+7
SHB sets sights on pre-tax profit hike, bad debt ratio dip in 2024
Saigon-Hanoi Commercial Joint Stock Bank, one of the top private banks in Vietnam, is aiming for VND11.28 trillion ($444 million) in pre-tax profit in 2024, up 22.2% year-over-year, its chairman Do Quang Hien told the bank's AGM on Thursday.
Companies - Fri, April 26, 2024 | 11:07 am GMT+7
Leading broker SSI allays concerns over cybersecurity after VNDirect ransomware attack
Nguyen Duy Hung, chairman of leading brokerage house SSI Securities Inc., has responded to inquiries from shareholders regarding information technology system security following the hacking incident at VNDirect Securities by saying that SSI cares about information security .
Companies - Fri, April 26, 2024 | 10:13 am GMT+7
Gasoline retailer PVOIL posts $11.8 mln pre-tax profit in Q1
PVOIL, a subsidiary of state-run giant Petrovietnam, recorded a consolidated pre-tax profit of VND300 billion ($11.83 million) in the first quarter of 2024, up 5% year-on-year, said its leadership.
Companies - Fri, April 26, 2024 | 7:59 am GMT+7
US's human rights report has 'inaccurate information about Vietnam situation'
Vietnam on Thursday said it has ‘regrets’ over the recent annual human rights report released by the U.S. Department of State.
Society - Thu, April 25, 2024 | 10:05 pm GMT+7
Schools in Philippines go online amid extreme heat
Record heat in the Philippines in April has forced schools to send children home for online classes.
Southeast Asia - Thu, April 25, 2024 | 9:59 pm GMT+7
Marubeni seeks cooperation in sustainable aviation fuel, offshore wind power in Vietnam
Marubeni Asian Power Singapore Pte Ltd., a wholly-owned subsidiary of Japanese multi-sector giant Marubeni, is seeking to cooperate with Vietnamese businesses in sustainable aviation fuel and renewable energy, particular offshore wind power.
Energy - Thu, April 25, 2024 | 8:53 pm GMT+7
Vietnamese billionaire reaffirms steadfast commitment to EV maker VinFast
Vietnam’s richest man, billionaire Pham Nhat Vuong, says he personally and the conglomerate that he chairs, Vingroup, will continue financing VinFast despite heavy losses incurred by the EV-maker since 2017.
Companies - Thu, April 25, 2024 | 5:32 pm GMT+7
Malaysia tackles food security challenges
Empowering local communities in the agriculture sector to attract young people to this field is one of the measures taken by Malaysia to address labour shortage while also contributing to tackling challenges in food security.
Southeast Asia - Thu, April 25, 2024 | 5:10 pm GMT+7
UK supports ASEAN’s economic integration
The UK delegation to ASEAN held a seminar in Jakarta, Indonesia on Wednesday to discuss the ASEAN-UK economic integration programme.
Southeast Asia - Thu, April 25, 2024 | 5:09 pm GMT+7
Vietnam considers direct power purchase agreements with no restrictions on capacity, usage
A draft decree on direct power purchase agreements (DPPAs) between producers and large consumers via their own power lines has no caps on capacity, connection voltage level and intended usage.
Energy - Thu, April 25, 2024 | 5:07 pm GMT+7
Indonesian central bank raises interest rates to highest level in 7 years
Bank Indonesia (BI) on Wednesday raised interest rates to their highest level in seven years.
Southeast Asia - Thu, April 25, 2024 | 4:58 pm GMT+7
Bosch Vietnam, RMIT University to foster tech-driven workforce development
Engineering firm Bosch Vietnam will collaborate with Royal Melbourne Institute of Technology Vietnam (RMIT Vietnam) to provide students with skills and knowledge to meet changing demands in a “technology-driven landscape.”
Companies - Thu, April 25, 2024 | 4:27 pm GMT+7
Northern Vietnam port city okays $368 mln investment by South Korean firms
The northern port city of Hai Phong granted investment certificates Wednesday to eight Korean-invested projects worth around $368 mln at a forum held in Seoul.
Industries - Thu, April 25, 2024 | 4:03 pm GMT+7
