Vietnam is currently one of the fastest growing and untapped solid waste management markets in the Asia-Pacific region. According to our new research report, “Vietnam Solid Waste Market Analysis”, the business and social environment in Vietnam has become favorable for foreign investors owing to the WTO accession and relaxed regulatory policies, which in turn will promote fast industrialization and urbanization.
Urban population has increased tremendously during the past few years and the share of urban population was 28.3% in 2009 which further increased in 2010. Rising urban population has infused municipal solid waste generation growth to reach new height.
Among the industrial sectors, such as food and beverages, wearing apparel, tanning and dressing of leather, wood and products of wood, fabricated metal products that are the backbone of Vietnam’s industrial sector, industrial solid waste is growing at a fast pace in the country. Amid the fast developments in industrial production, the industrial solid waste generation reached an estimated 5.7 Million Tons in 2010. It is anticipated that the industrial solid waste management market will continue to post phenomenal growth at a CAGR of around 19% during 2011-2015.
The government has approved the waste management strategy outlining specific plans to 2025. The plan states that any organization or individual releasing waste that causes pollution must pay for damages. By 2025, the government aims for developing solid waste recycling plant in all cities for households to dispose and treat their waste. In addition, to control pollution, 100% of solid waste from urban areas and toxic and non-toxic industrial solid waste will be collected and treated. Besides, 90% of construction solid waste and rural residential solid waste are also aimed to be collected and treated.
Our report, “Vietnam Solid Waste Market Analysis”, is an outcome of extensive research and objective analysis of Vietnam solid waste management industry potential. It provides historical, current, and future trends of solid waste generation along with potential market for all the three prominent sectors – municipal, industrial, and rural sectors. In addition, thorough analysis of emerging industry trends and drivers has also been covered to provide a balanced research outlook of concerned market.