Vietnam Waste Management - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2025 - 2030)

The Vietnam Waste Management Market size is estimated at USD 2.21 billion in 2025, and is expected to reach USD 3.07 billion by 2030, at a CAGR of 6.78% during the forecast period (2025-2030).

Waste management is a comprehensive procedure that encompasses the organized handling, regulation, and elimination of waste materials produced by human activities. It constitutes the crucial element of contemporary society's endeavors to tackle the difficulties presented by the ever-growing quantity and variety of waste products. Its objective is to minimize the adverse environmental, social, and health impacts of waste while simultaneously maximizing the recovery of resources and promoting sustainability. The waste management procedure consists of several fundamental stages. Initially, waste is gathered from various origins, including households, businesses, industries, and institutions. It is then transported to suitable facilities for further processing or disposal. Treatment methods may involve composting, incineration, or mechanical and biological processes to decrease waste volume and mitigate potential risks. Additionally, recycling plays a pivotal role by allowing certain materials such as paper, glass, plastics, and metals to be reprocessed and reused, thereby reducing the need for new resources and alleviating environmental pressure. Disposal becomes necessary for debris that cannot be recycled or further processed. This typically involves landfilling or, in some cases, converting waste into energy. In recent years, waste management has gained significant momentum as a crucial component in constructing environmentally responsible and resource-efficient communities while addressing the challenges posed by waste generation throughout Vietnam.

Vietnam has been witnessing a staggering volume of waste generation. Despite this, waste treatment in the country is mainly ineffective. According to MoNRE's National Environmental Status Report, most of the waste in the country is taken to landfills, but only 20% of those landfill sites meet national sanitary requirements. Establishing a waste collection and sorting system for successful waste management is crucial. The five most significant cities, namely, Hanoi, Ho Chi, Haiphong, Da Nang, and Can Tho, are responsible for over 70% of the total waste generation. Vietnam's population growth, rapid industrialization, and urbanization have led to a surge in hazardous solid waste, necessitating more effective management. Addressing issues like leachate from poorly managed landfills and solid waste management is high on Vietnam's governmental agenda.

Vietnam Waste Management Market Trends

Vietnam's Rapid Industrialization and Environmental Challenges

Vietnam is witnessing a rapid growth in industrialization. This increase has caused negative impacts on the environment and natural assets. According to the World Bank, from the start of its market transformation, Vietnam emerged as one of the fastest-growing per-capita greenhouse gas emitters. Vietnam Briefing quoted data from the Ministry of Natural Resources and Environment (MoNRE), indicating that the country produces approximately 60,000 tonnes of household waste daily. Most notably, the urban areas of Hanoi and Ho Chi Minh City alone account for a significant portion, generating 7,000 to 9,000 tonnes of trash each, which is projected to increase by 10% to 16% by next year. This increase in waste production fuels the country's requirement for an effective and efficient waste management procedure.

Vietnam's Industrial Growth Drives Urgent Need for Waste Management Solutions

The current status of waste management in Vietnam presents significant challenges due to the vast amount of waste generated daily by industries. Vietnam's industrial production is expected to continue on a positive trend, with the industrial production index (IIP) estimated to rise in the current year compared to the previous year. Last year, the demand for essential industrial products increased sharply over the preceding period. These products include sugar, fertilizer, gasoline and oil, television, chemical paint, clothing, and rolled steel. All these products produce many by-products as waste, which should be managed properly. The need for waste management increases due to increased production of such products.

Vietnam Waste Management Industry Overview

The Vietnamese waste management market is fragmented. It is competitive because of the increasing economic activity in the country, leading to heavier amounts of wastage that need effective management techniques. In Vietnam, more and more investments in the waste management industry are helping the cities prevent drain clogging, which could result in flooding. The market is expected to flourish during the forecast period due to moderate penetration in the industry and other factors that will drive the market. Some of the key players in the market include CITENCO, Tan Phat Tai Co. Ltd, Green Environment Production - Services - Trade Co. Ltd, SGS VietNam, and Vietnam Australia Environment JSC.

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