{"id":15856,"date":"2024-08-12T16:07:09","date_gmt":"2024-08-12T09:07:09","guid":{"rendered":"https:\/\/b-company.jp\/?p=15856"},"modified":"2024-08-21T17:14:06","modified_gmt":"2024-08-21T10:14:06","slug":"from-trash-to-treasure-vietnams-waste-to-energy-revolution","status":"publish","type":"post","link":"https:\/\/b-company.jp\/vi\/from-trash-to-treasure-vietnams-waste-to-energy-revolution\/","title":{"rendered":"T\u1eeb R\u00e1c th\u00e0nh Kho b\u00e1u: Cu\u1ed9c c\u00e1ch m\u1ea1ng bi\u1ebfn R\u00e1c th\u00e0nh N\u0103ng l\u01b0\u1ee3ng c\u1ee7a Vi\u1ec7t Nam"},"content":{"rendered":"
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*In this column, “<\/em>Vietnam Briefing<\/em><\/a>,” young researchers from B&Company will provide timely information of Vietnam’s industrial trends, consumer trends, and social movements.<\/em><\/p>\n

Although we strive to ensure the accuracy of the original information, please check separately for each information. Interpretations and future prospects are the personal opinions of each researcher.<\/em> <\/p>\n<\/div>\n\t

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Introduction<\/strong><\/p>\n

With rapid economic growth and urbanization, Vietnam has recognized the potential of waste-to-energy (WtE) technologies as a sustainable solution to address waste management issues and meet its growing energy demand. B&Company analyzed to explore the current state of the WtE market in Vietnam, covering emerging trends, notable projects with an emphasis on Japanese investment, and the future outlook for the sector.<\/p>\n

The<\/strong> emergence of waste to energy in Viet Nam<\/strong><\/h3>\n

<\/a><\/a>However, the landfilling method is becoming increasingly challenging as available land for this purpose continues to shrink. Given this situation, Waste-to-Energy is considered a solution that not only brings economic benefits but also makes significant and positive environmental contributions, thus creating opportunities for many businesses and investors.<\/p>\n

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Examples of landfill treatment in Vietnam. Source: \u00a0PhapluatVietnam\u00a0<\/a><\/em><\/p>\n

There have been many government-supportive policies and incentives, creating a favorable environment for WtE development. \u00a0The “National Strategy on Green Growth for the period 2021-2030, with a vision to 2050<\/em>” emphasizes the development of green energy sources, including WtE, to reduce greenhouse gas emissions and foster a circular economy. Additionally, the “Renewable Energy Development Strategy to 2030, with a <\/em>Vision to 2050<\/em>” sets targets for increasing the share of renewable energy, including WtE, in the country’s energy mix. In addition, given Vietnam’s large population and rapid urbanization, there would be a substantial amount of waste generated, providing a steady feedstock for WtE plants.<\/p>\n

However, building WtE plants in Vietnam also faces several challenges. Due to the relatively new nature of WtE technology and its requirement for high-tech applications, it demands significant capital investment from businesses. Companies also face policy barriers, such as the regulation that ties WtE projects to power sector planning, causing delays as they must wait for approval. Investors further struggle with complex and lengthy procedures, particularly for public-private partnerships, with the investor selection process taking 1-2 years followed by various construction approvals. Project implementation is further slowed by multiple approval requirements from various ministries and the lack of specific guidelines for the Planning Law, which hinders power development planning.<\/p>\n

Outstanding projects<\/strong> and Japanese investment<\/strong><\/h3>\n

In recent years, the WtE market in Vietnam has been gaining momentum, with several projects under development across the country. According to a report by the Environmental Pollution Control Department (2023), Vietnam currently has 15 WtE plants under construction some of which have already begun generating electricity[3]<\/a>, such as the Waste Treatment Plant of EB Environmental Energy Company with a capacity of 400 tons\/day in Can Tho City; or Soc Son Waste-to-Energy Plant with a capacity of 4,000 tons\/day in Hanoi.<\/p>\n

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Soc Son WtE Plant. Source: VNA<\/a><\/em><\/p>\n

These are also projects that received Japanese investment. The Can Tho WtE plant was constructed with financial support from the Japan International Cooperation Agency (JICA) and technical expertise from Hitachi Zosen Corporation. Similarly, the Hanoi WtE plant, one of the largest WtE facilities in Southeast Asia and Vietnam, was developed with investment from the Japanese conglomerate Sumitomo Corporation. In addition to Japan, Korea also has investments in this field, notably the Municipal Solid Waste and Industrial WtE (GCEP) Plant by Green Star Environmental Co., Ltd. and Chosun Refractories ENG Korea (capacity 500 tons\/day), and the Waste-to-Energy project in Long An and Kien Giang provinces with the cooperation of BCG Energy, SK Ecoplant (a subsidiary of SK Group, South Korea), and SLC (Sudokwon Landfill Site Management Corp, South Korea).<\/p>\n

Outlook<\/strong> of WtE in Vietnam<\/strong><\/p>\n

The future outlook for the WtE market in Vietnam is promising, driven by the government’s commitment to sustainable waste management and clean energy development. WIn addition, while the number of projects is still limited and demand is still very high, Japan still has a lot of room for investment in WtE projects, especially in the context of the growing focus and priority on green transformation and transition to green energy.<\/p>\n

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References<\/strong><\/em><\/p>\n

[1]<\/a> KinhteDoThi (2024), \u201cNew ways for environmental issues\u201d. <https:\/\/kinhtedothi.vn\/huong-di-moi-cho-bai-toan-moi-truong.html><\/p>\n

[2]<\/a> Same as above<\/p>\n

[3]<\/a> https:\/\/quanly.moitruongvadothi.vn\/15\/27092\/Viet-Nam-hien-co-bao-nhieu-nha-may-dot-rac-phat-dien.aspx<\/a><\/p>\n

\u00a0<\/strong><\/p>\n\n\n\n
B&Company, Inc.<\/strong><\/p>\n

The first Japanese company specializing in market research in Vietnam since 2008. We provide a wide range of services including industry reports, industry interviews, consumer surveys, business matching. Additionally, we have recently developed a database of over 900,000 companies in Vietnam, which can be used to search for partners and analyze the market.<\/p>\n

Please do not hesitate to contact us if you have any queries.<\/p>\n

info@b-company.jp<\/em><\/a>\u00a0+ (84) 28 3910 3913<\/strong><\/em><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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Read other articles<\/em><\/strong><\/a><\/h3>\n

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