Vietnam, Korea firms partner in AI waste-to-energy application
Vietnam’s Green Star Environment JSC and two South Korean firms have partnered up in applying artificial intelligence (AI) in waste incineration within the waste-to-energy process.
SK ecoplant, part of Korean chaebol SK Group, and Chosun Refractories ENG signed a memorandum of understanding with the Vietnamese firm on Wednesday to advance the GCEP waste-to-energy (WTE) power plant in the northern province of Bac Ninh, also the first privately-run WTE factory in Vietnam.
Construction of the power plant began in May 2019 and the facility entered commercial operation in 2022. The 4.83-hectare plant can process 500 tons of waste daily.
SK ecoplant’s ZERO4 WtE technology can reduce nitrogen oxide and carbon monoxide by 49.7% and increase the energy recovery rate to 3.1%.
With the cooperation, GCEP is set to become a leading example of carbon credit in line with the Paris Agreement and agreements between Vietnam and South Korea.
Bac Ninh’s electricity sales reached 1.795 billion kWh in the first quarter of this year, up 0.01% year-on-year, Bac Ninh Power Corporation announced Friday. The biggest sales belonged to the industry-construction sector with 79.57% of the total, followed by consumption with 16.17%. The power loss rate was 1.5%, down by 2.79 percentage points year-on-year.
Waste-to-energy is becoming a trend in Vietnam. The 75-megawatt Soc Son waste-to-power plant in Hanoi, the country's biggest of its kind, entered operation in July 2022. 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.
Dong Nai province, an industrial hub in southern Vietnam, has planned to invest VND2,286 billion ($94 million) in building a waste-to-power plant in a public-private partnership format. Construction on the 12-hectare plant in Vinh Tan commune, Vinh Cuu district will take three years, to complete in 2026.
Hai Phong City will seek investors for two waste-to-power plants in 2022-2027, according to the northern city's latest plan on handling solid waste for 2022-2025, with vision until 2050. The 9-hectare waste-to-power plant No. 1 in Dinh Vu Processing Zone, Hai An district can handle 1,000 tons of waste daily and has a capacity of 20 MW in phase 1 and 40 MW in phase 2. The 10-20 hectare waste-to-power plant No. 2 in Vinh Bao district can process 1,000 tons of waste daily and has a capacity of 20 MW.
Binh Duong Water Environment JSC (Biwase) signed loans of $20 million with foreign sources last December, without a government guarantee, for the construction and operation of a composting plant and waste-to-energy facility in Binh Duong province.
- Read More
Singapore's Platinum Victory seeks to gain veto at Vietnam’s REE
Singaporean fund Platinum Victory Pte. Ltd. has registered to buy more shares of Ho Chi Minh City-based utility firm Refrigeration Electrical Engineering Corporation (REE) to achieve the vetoing power in the latter.
Finance - Thu, November 21, 2024 | 11:29 am GMT+7
Posco keen on investing in Vietnam's $2.2 bln LNG power project
South Korea’s steelmaker Posco is eyeing to invest in the $2.2 billion Quynh Lap LNG-fired power plant project in Vietnam’s central province of Nghe An.
Energy - Thu, November 21, 2024 | 10:42 am GMT+7
Vietnam firm Hoa Lam to build $212 mln Aeon Mall in Mekong Delta
The Mekong Delta city of Can Tho has accepted a subsidiary of private multi-sector Hoa Lam Group as the investor of the Aeon Mall Can Tho commerce and service center.
Industries - Thu, November 21, 2024 | 10:31 am GMT+7
Vietnam startup expert closes Monkey in Black coffee shop
Tung BT (Tran Thanh Tung), a popular startup expert and social media influencer, is closing his final coffee shop in Ho Chi Minh City, ending a 10-year journey of the "Monkey in Black" brand.
Companies - Thu, November 21, 2024 | 8:16 am GMT+7
Vietnam-Singapore ties set for elevation to comprehensive strategic partnership
Vietnam and Singapore will elevate bilateral ties to a comprehensive strategic partnership and Singaporean Prime Minister Lawrence Wong will visit Vietnam next year.
Politics - Wed, November 20, 2024 | 8:16 pm GMT+7
Vietnam’s Vingroup establishes robotics firms, with co-founder’s 2 sons as major shareholders
Vingroup, Vietnam’s largest private conglomerate by ecosystem, has set up a robotics unit as it moves to ramp up its industrial-high technology ecosystem.
Companies - Wed, November 20, 2024 | 6:17 pm GMT+7
E-commerce, digital platforms likely to pay taxes on behalf of their sellers in Vietnam
E-commerce and digital platforms will have to declare and pay taxes on behalf of their sellers starting January 1, 2025, according to a draft amendment to the Law on Tax Administration.
Finance - Wed, November 20, 2024 | 5:37 pm GMT+7
Flexibility, adaptability key to effective leadership: PepsiCo Vietnam exec
In a rapidly changing world, leaders need to develop the skill of being “as flexible as seaweed,” says Nguyen Viet Ha, general director of PepsiCo Foods Vietnam.
Companies - Wed, November 20, 2024 | 3:52 pm GMT+7
Central Vietnam province okays $88 mln automobile part project
Binh Thuan province's industrial zone authority on Tuesday granted an investment registration certificate to a $88 million project invested by Taiwan’s NeoSCM Limited.
Industries - Wed, November 20, 2024 | 3:44 pm GMT+7
Thai packaging firm Thantawan Industry makes inroad into Vietnam
Thantawan Industry Public Company Limited, a leading Thai manufacturer of premium plastic packaging, has inked a deal for a 30-year factory lease, marking its inaugural investment in Vietnam.
Industries - Wed, November 20, 2024 | 3:34 pm GMT+7
Developer Novaland gets legal hassles cleared for satellite urban area bordering HCMC
Major property developer Novoland has had legal obstacles for its Aqua City project cleared after Dong Nai Chairman Vo Tan Duc approved Tuesday a critical adjustment to the southern province’s urban development plan.
Companies - Wed, November 20, 2024 | 2:29 pm GMT+7
Pegatron to quadruple workforce at $800 mln project in Vietnam
Pegatron Vietnam, a subsidiary of Taiwanese electronics manufacturer Pegatron Corporation, is set to soon quadruple the company's workforce for its $800-million project in Vietnam.
Industries - Wed, November 20, 2024 | 2:03 pm GMT+7
Thailand’s WHA greenlighted to invest $55 mln in central Vietnam industrial park
WHA Group, a leading Thai provider of fully integrated logistics and industrial facilities solutions, has secured in-principle approval from the Vietnamese government to invest in an industrial park in central Vietnam.
Industrial real estate - Wed, November 20, 2024 | 12:01 pm GMT+7
Indonesia, Brazil sign cooperation deals worth $2.65 bln
Indonesia and Brazil on Monday sealed cooperation agreements worth $2.65 billion in the areas of renewable energy, sustainable agriculture and technology at the Indonesia-Brazil Business Forum held in Rio De Janeiro, Brazil, on the sidelines of the G20 Summit.
Southeast Asia - Wed, November 20, 2024 | 11:57 am GMT+7
Nusantara not yet feasible as Indonesia’s capital city: authorities
Indonesian Minister of Home Affairs Tito Karnavian said Jakarta still holds the capital status despite the enactment of State Capital Law No. 3 of 2022, adding that the capital city will officially be relocated after the president issues a presidential decree.
Southeast Asia - Wed, November 20, 2024 | 11:55 am GMT+7
Malaysia’s Halal industry to make up 10.8% of GDP by 2030
Malaysia’s Halal industry is projected to account for 10.8% of the country's GDP by 2030, with an estimated value of RM231.1 billion ($51.7 billion).
Southeast Asia - Wed, November 20, 2024 | 11:48 am GMT+7