TAY NINH SEEKS US$125 MILLION FOR WASTE-TO-ENERGY PLANT

A view of Tay Ninh Province - PHOTO: QUOC TAN

HCMC – The southern province of Tay Ninh is seeking to attract more than US$125 million for a waste-to-energy plant using European technology, as it looks to promote the circular economy and expand clean energy development.

A memorandum of understanding to study the project was signed between Dutch company Harvest Waste B.V. and the Tay Ninh Department of Industry and Trade during an investment promotion conference held in Amsterdam, the Netherlands on June 23, local time. The event was organized by the provincial government in coordination with the Vietnamese Embassy in the Netherlands.

The proposed facility is expected to help address urban waste treatment needs while opening the door to more high-quality investment from Europe into southern Vietnam.

The conference also saw the signing of an agreement between the Dutch Business Association Vietnam and the Tay Ninh Department of Finance to strengthen support for foreign investment. Separately, Dutch animal feed company De Heus and Vietnam’s Hung Nhon Group agreed to expand cooperation in high-tech agriculture.

The waste-to-energy project reflects a broader trend of foreign direct investment shifting toward technology-intensive and environmentally friendly industries. Unlike conventional landfill methods, European waste-to-energy systems require sophisticated waste sorting and operating processes and offer the dual benefit of reducing pollution and generating electricity.

Provincial leaders pledged to facilitate the project through streamlined administrative procedures and closer support for investors. Authorities said they would work to accelerate licensing procedures and land clearance to create favorable conditions for long-term investment.

Tay Ninh has been promoting green industries and high-tech agriculture as part of efforts to reshape its economy and capitalize on its strategic location along Vietnam’s southwestern border. Officials hope the project will contribute to sustainable growth and support the country’s net-zero emissions goals.

Source: The Saigon Times