The Sóc Sơn waste-to-energy plant in Hanoi began construction in August 2019, started receiving waste in May 2022, and was inaugurated in October 2025. With a daily intake capacity of 5,000 tons and power output of 90 MW/hour, it is described as the largest in Vietnam, the world's second largest after the Shenzhen plant in China, and the largest in Southeast Asia. The plant uses Belgian Waterleau mechanical grate incinerator technology, and heat from burning waste produces steam that drives turbines to generate electricity fed into the national grid. Under its environmental permit, the plant must halt relevant discharges if pollution, noise or vibration exceed limits, and must continuously transmit wastewater monitoring data to Hanoi's environmental authority. The article notes Hanoi generates about 7,600 tons of household waste daily and has buried over 30 million tons since 1999.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Phát hiện một nhà máy sản xuất của Việt Nam lớn thứ 2 thế giới, sở hữu công nghệ siêu hiện đại
Related tickers and likely impact
VNINDEX
• NeutralRelevance: low
| Market | Vietnam stocks |
|---|---|
| Close on 10/23/2026 | 1,774.15 |
| Change that session | +0.77% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Prime Minister Le Minh Hung requests at least a 30% further cut in public investment projects, concentrating capital on key projects with wide-reaching impact
Prime Minister Le Minh Hung said that in this term, the Central Government requires cutting public investment projects by at least 30% further, after the previous term saw about 5,000 projects nationwide, to concentrate resources on projects with broad impact. Investment efficiency should be assessed across the full project lifecycle, covering social benefits and contributions to infrastructure, living standards and social security, with priority for poverty reduction, support for ethnic minority and disadvantaged areas, national defense and security, health, education and culture. The draft amended public investment law proposes dropping the separate investment policy approval step for Group C projects, which made up over 60% of projects in the recent period, and integrating those contents into the investment decision step, while Group A, Group B and nationally important projects would still require that step. The Prime Minister also stressed the leading role of the central budget and that simplifying procedures must go hand in hand with strict control.
- Oil Prices Could Become a Political Danger as Trump's Fixes Keep Making Things Messier
As the midterm elections approach, U.S. diesel prices remain near record highs, putting political pressure on President Trump in farm states such as Iowa and Kansas. According to the EIA, diesel rose nearly 10 cents per gallon in the latest week to an average of 6.28 dollars a gallon, and nearly 80% of Americans in a Reuters/Ipsos poll held Trump responsible for rising prices. Trump signed an executive order allowing dyed diesel on highways, announced an 8 billion dollar farm aid package, and pressed European allies to release emergency reserves, but the IRS only temporarily waived reporting requirements and penalties without removing the federal tax, leaving truck stops unclear on compliance. Government farm payments are expected to exceed 47 billion dollars this year, and the new package would lift total aid to a record 55.4 billion dollars, above 45 billion in 2020. The White House blamed high prices on longstanding problems such as refinery closures and the Russia-Ukraine conflict, while a pollster quoted in the article doubted the measures would bring any real short-term benefit.
- Trump warns of fresh military strikes on Iran
US President Donald Trump warned that American forces could carry out another round of military strikes on Iran if Tehran fails to reach an agreement with Washington. Speaking at a Republican campaign rally in Fort Myers, Florida, he said “we may do another little Epic Fury, or they'll agree,” and claimed that Operations Midnight Hammer and Epic Fury had obliterated Iran's nuclear enrichment capacity and weakened its military and economy. Trump said the conflict would end “one way or another, through agreement or otherwise,” but gave no timetable and did not outline the conditions Iran would need to meet. He maintained that preventing Iran from acquiring nuclear weapons remained the overriding objective of the campaign. He also claimed the US Navy was enforcing a blockade against Iran around the Strait of Hormuz, while oil shipments through the waterway had increased.
- Bank loan rates above 10%/year leave businesses struggling to turn a profit
Businesses in Ho Chi Minh City, Dong Nai and Tay Ninh raised concerns about difficult access to capital and high lending rates at a banking conference on Southeast region growth for 2026 - 2030. The chairman of Sáng Ban Mai said his firm earns a gross margin of 15 - 17% on contracts lasting 6 - 12 months, so loan rates above 10% a year leave no profit. Baseafood, with annual exports of about USD 60 million, still lacks a land-use certificate eight years after investing in three factories, and Vietcombank has provided loans covering 50% of its capital needs. A Huba representative said real estate collateral has lost much value and loan procedures take too long. The State Bank of Vietnam reported total credit of over 20.7 million billion VND by end-September 2026, up 11.7% from end-2025.
- Update: US Equity Indexes Fall, Treasury Yields Jump as Iran Tensions Send Crude Oil Sharply Higher
- First Bank to Post Negative Q3 Profit Growth
Saigonbank (SGB) reported a Q3 2026 pre-tax profit of only 17.8 billion dong, down 78.7% year on year, as interest expenses rose faster than interest income and credit loss provisions jumped to 42.7 billion dong, roughly 3.9 times higher. Net interest income grew just 2.1% to 201.7 billion dong, operating expenses rose 14.4% to 184.3 billion dong, and non-interest income lines all declined. For the first nine months, pre-tax profit was 65.9 billion dong, down 74.4%, equal to about 21% of the bank's full-year pre-tax target of 310 billion dong. As of September 30, 2026, total assets were 35,373 billion dong, customer loans fell 1% to 21,754.6 billion dong, and customer deposits fell 4.4% to 25,171.5 billion dong, while bad debt rose 2.6% from the start of the year to 666.4 billion dong, or 3.06% of loans.
Related markets
Latest news
- Tanker carrying 43,000 tonnes of Russian oil sends very good news to US
A tanker carrying nearly 43,000 tonnes of ultra-low sulphur diesel left Russia's Primorsk port on October 22 and has repeatedly signalled New York as its destination, with arrival expected on November 7. If completed, it would be the first Russian refined fuel cargo to reach the US since imports nearly stopped after the Ukraine conflict began in 2022, though the signalled destination could change. The shipment comes about two weeks after Trump and Putin agreed to return Russian diesel to international markets, as Washington seeks more supply before the November 3 midterm elections amid rising fuel prices. The US Treasury granted a special licence allowing Russian diesel into the country until April next year, and Trump said Russia would release over 300,000 tonnes immediately, about 500,000 tonnes in November and 2 million tonnes later. Critics, including some lawmakers, argue the deal could give Moscow extra revenue during the Ukraine war and question whether the released volumes are large enough to significantly lower fuel prices.
- Franklin Templeton adds $150 million in fund shares to XRP Ledger, all in one wallet
Franklin Templeton added about $150 million worth of shares in its tokenized money market fund, sgBENJI, to the XRP Ledger, and all the new shares went to a single wallet. That wallet now holds nearly 193 million shares, up from about 48 million, worth roughly $200 million at the $1.039 share price recorded in the transactions. The wallet and Franklin's issuing account share the same eight signing addresses, and Franklin can approve, freeze or recover the fund's tokens on the network. It is unclear whether the wallet represents one investor or several clients, and as of Saturday morning Asia time Franklin had not responded to CoinDesk's questions. RWA.xyz ranks Franklin second among tokenized asset platforms on the XRP Ledger, behind Ripple's RLUSD stablecoin.
- Silver price down nearly 60% from peak
World silver prices fell about 5.4% over the past week and are down roughly 54% from their late-January 2026 peak, while Phú Quý silver prices in Vietnam are down nearly 60% from that peak. World silver traded around 53.8 USD/ounce on the morning of 24/10, while gold hovered near 3,995 USD/ounce after slipping below 4,000 USD/ounce. The sell-off was driven by investor concerns that escalating US-Iran tensions would push crude oil to multi-year highs, and by expectations that the Fed will keep monetary policy tight ahead of its FOMC meeting on 27-28/10 and the PCE inflation report on 29/10. BlackRock's iShares Silver Trust (SLV) bought a net over 14 tonnes of silver on 23/10 and now holds 15.5 thousand tonnes, worth 26.85 billion USD. According to Kitco News, silver also faces pressure from higher energy costs weighing on production demand.
- EVN's 2025 electricity production cost is nearly 2,093 VND per kWh
EVN reported total electricity production and business costs of 601,680 billion VND in 2025, equal to a unit cost of 2,092.7 VND per kWh on commercial output of 287.51 billion kWh, about 5% below the average retail price of 2,204.07 VND per kWh applied since 10/5/2025. Power generation accounted for nearly 83% of costs at 498,363 billion VND, followed by distribution and retail at 78,993 billion VND and transmission at over 22,141 billion VND. The article notes the gap does not directly reflect actual profit per kWh, since the average retail price dates from May while unit cost covers the full year. EVN has cleared its consolidated accumulated losses, though the parent company still carried a loss of about 5,611 billion VND, and in the first eight months revenue exceeded 482,000 billion VND with profit estimated at 12,215 billion VND. Prime Minister Le Minh Hung has directed that electricity prices not be raised in the final months of 2026.
- Anthropic's Revenue Surged to $16.3 Billion in the First Half of 2026, Up From $1.1 Billion a Year Ago
According to disclosures from a draft IPO prospectus reported by The Wall Street Journal, Anthropic generated around $16.3 billion in revenue in the first half of 2026, up from $1.1 billion a year earlier, while spending nearly $9 billion on computing capacity. It has committed to around $450 billion in mostly noncancelable computing agreements over seven to 10 years, and is negotiating deals that could raise total commitments by up to $150 billion. The company posted an $80.7 billion net loss in H1 2026, of which $72 billion came from accounting charges tied to convertible notes and other fundraising instruments. The draft also flags risks, including about one-fifth of revenue coming from two customers, data center backlash, liability from misaligned AI models, and possibly insufficient insurance against catastrophic AI incidents. The company is reportedly targeting a valuation of up to $2 trillion, which the article says would be over 60 times annualized H1 2026 revenue.
- HD Capital becomes major shareholder of SmartInvest Securities
HD Capital reported buying 2 million AAS shares in the 21/10/2026 session, raising its holding in SmartInvest Securities from 10 million shares (4.35%) to 12 million (5.22%). On 23/10/2026, the State Securities Commission's inspectorate fined SmartInvest Securities 150 million VND for submitting inaccurate reports on its use of funds and assets to secure obligations to third parties, and ordered it to report accurate information. The company closed its shareholder list on 22/10/2026 for a written poll on registering to provide securities clearing and settlement services, with the deadline for returning ballots expected on 23/11/2026. Its standalone after-tax profit for Q3 2026 was under 19 billion VND, down sharply from 112 billion VND in Q2 2025, mainly due to weaker proprietary trading, while operating revenue fell 65% to just over 80 billion VND. At 30/9/2026, total assets were nearly 4,844 billion VND, up 13.5% from the start of the year, while short-term borrowings rose by over 500 billion VND to 1,937 billion VND.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.