South Korean East-West Power plans 30 MW waste-to-power plant in northern Vietnam
South Korea’s Korea East-West Power Co. Ltd. hopes to build a 10-30 MW waste-to-power plant in Vinh Phuc province that will incinerate 200-600 tons of waste daily.
Young-chan Lee, vice president of the Korean firm, mentioned the plan at a Wednesday meeting with Vinh Phuc Vice Chairman Vu Chi Giang. The waste-to-power plant would be the first phase of a larger project that can start in 2026, he said.
The second phase, starting in 2030, will feature a biogass plant that can process 100-200 tons of waste every day, he added.
Besides processing waste and generating power, the plant will also make construction materials for backfilling, produce soil for cultivation and treat wastewater, the executive said.
Giang welcomed the project saying the province looked to promote industrial development and green growth for sustainable growth. He noted that the province had two waste processing factories at present and expects this to double next year.
He directed the provincial Department of Planning and Investment to review project details, including the estimated investment of $40-120 million, the area of 15-20 hectares, and the technology it would deploy. He also tasked the Department of Construction with recommending locations for the project.
- Read More
Vietnam dairy giant Vinamilk contributes $70 mln to shareholder Fraser and Neave's profit
Vinamilk, one of the biggest dairy firms in Vietnam, contributed SGD95 million ($69.5 million) to the profit before interest and tax (PBIT) of Fraser and Neave (F&N), a shareholder.
Companies - Mon, January 20, 2025 | 11:49 am GMT+7
Korean bank Shinhan, Vietnam insurer PJICO ink strategic cooperation deal
South Korea’s Shinhan Bank Vietnam Limited and Petrolimex Insurance Corporation (PJICO) have signed a strategic cooperation agreement to leverage the potential of both sides.
Banking - Mon, January 20, 2025 | 11:17 am GMT+7
Vietnam's fertilizer exports hit nearly $710 mln in 2024
Vietnam's fertilizer exports totaled approximately 1.73 million tons in 2024, generating nearly $710 million in revenue, with an average price of $411.1 per ton.
Economy - Mon, January 20, 2025 | 9:08 am GMT+7
Vietnam holds potential to become Czech carmaker Skoda's manufacturing hub in ASEAN: exec
Vietnam boasts great potential to become an auto export and manufacturing hub of the Czech Republic’s Skoda Auto in ASEAN and other markets, said its chairman Klaus Zellmer.
Industries - Sun, January 19, 2025 | 11:30 pm GMT+7
Vietnam PM calls on Czech giant Sev.en Global to expand investment into wind, solar power
The Czech Republic’s Sev.en Global Investments, given its strengths, should expand investment in Vietnam into areas like wind and solar power, culture and sports, and football, said Prime Minister Pham Minh Chinh.
Industries - Sun, January 19, 2025 | 10:59 pm GMT+7
Northern Vietnam port operator posts record revenue, profit in 2024
Hai Phong Port JSC, headquartered in the northern city of Hai Phong, reported total throughput of nearly 40 million tons in 2024, with revenue reaching nearly VND3 trillion ($118.44 million) and pre-tax profit estimated at VND1.16 trillion ($45.8 million).
Companies - Sun, January 19, 2025 | 4:07 pm GMT+7
Vietnam's new regulations in energy, mineral and construction sectors
The Vietnamese government recently introduced the amended PDP8 implementation plan, the tariff for rooftop solar energy in 2025, new rules on management of construction activities, and the new Law on Geology and Minerals. Vilaf law firm provides analyses on these newly-promulgated regulations.
Consulting - Sun, January 19, 2025 | 1:38 pm GMT+7
Indonesia prepared for impacts of US trade policies
Indonesian Minister of Trade Budi Santoso has affirmed his country's readiness to address potential impacts of a trade war between the U.S. and China when Donald Trump assumes the presidency.
Southeast Asia - Sun, January 19, 2025 | 12:34 pm GMT+7
Japan's Itochu acquires 20% stake in Thai non-life insurance company
Japanese trading firm Itochu is set to purchase a 20% stake in Thailand's non-life insurer Thaivivat Insurance, a deal that highlights the global investor’s interest in the Southeast Asian country’s growing insurance market.
Southeast Asia - Sun, January 19, 2025 | 12:29 pm GMT+7
Laos-based 600 MW Monsoon wind power to export energy to Vietnam soon
The 600 MW Monsoon wind power project in Laos is reaching final phases of construction and will soon export electricity to Vietnam, investor Monsoon Wind Power reported.
Energy - Sun, January 19, 2025 | 9:51 am GMT+7
Japan-invested port terminal operator in northern Vietnam achieves record throughput in 2024
Tan Cang Hai Phong International Container Terminal Company Limited (TC-HICT) has announced a record container handling volume of over 1.6 million TEUs in 2024, up 26% year-on-year.
Companies - Sun, January 19, 2025 | 8:00 am GMT+7
China's Exquisite Power launches $20 mln battery factory in Vietnam
China-invested Vietnam Exquisite Power Technology Company Limited launched its $20-million factory in Vietnam’s northern coastal city of Hai Phong on Friday.
Industries - Sat, January 18, 2025 | 10:46 pm GMT+7
Central Vietnam city licenses 3 FDI projects worth $190 mln
Vietnam’s central coastal city of Danang has granted investment registration certificates to four foreign-invested projects totaling $190 million.
Industries - Sat, January 18, 2025 | 10:35 pm GMT+7
Thailand to launch new carbon credits market
Thailand aims to introduce a new carbon credits market this year as the Southeast Asian nation seeks to address weak demand and low prices.
Southeast Asia - Sat, January 18, 2025 | 7:57 pm GMT+7
Malaysia defines two priorities to ensure food security
Malaysia's Ministry of Agriculture and Food Security (KPKM) has set two major priorities for this year - reforming the national rice and paddy industry, and increasing productivity in the ruminant sector, particularly beef and buffalo meat production.
Southeast Asia - Sat, January 18, 2025 | 7:52 pm GMT+7
Foxconn doubles investment in central Vietnam province to $200 mln
Fu Wing Interconnect Technology (Nghe An) Co. Ltd., a subsidiary of Foxconn, has doubled its investment in the central Vietnam province of Nghe An to $200 million.
Industries - Sat, January 18, 2025 | 4:07 pm GMT+7