Vietnam Waste Management Market Report and Forecast 2025-2034

Vietnam Waste Management Market Size

The Vietnam waste management market reached approximately USD 6.42 billion in 2024. The market is projected to grow at a CAGR of 6.6% between 2025 and 2034, reaching a value of around USD 11.41 billion by 2034.

Vietnam Waste Management Market Outlook

• The Ministry of Natural Resources and Environment (MoNRE) reports that Vietnam produces an estimated 60,000 tons of household waste every day.

• The majority of waste in Vietnam is disposed of in landfills, with only 20 per cent of these sites meeting the national sanitary standards, as reported in the 2021 National Environmental Status Report by MoNRE.

• Vietnam ranks in the top five countries for ocean pollution, with an annual release of 0.28 to 0.73 million tons of plastic waste, emphasising the critical need for a successful waste management system.

Vietnam Waste Management Market Growth

The urban hubs of Hanoi and Ho Chi Minh City generate between 7,000 to 9,000 tons of waste. With projections indicating a potential increase of 10-16 per cent by 2025, the demand for effective waste management solutions is expected to soar in the forecast period.

Vietnam ranks among the top ten countries globally in terms of plastic pollution, generating over 8,000 tons of plastic waste daily (WWF Viet Nam, 2021). The country faces a significant challenge with the consumption of single-use plastics, leading to approximately 75% of solid waste, including plastics, being mismanaged or improperly disposed of. Only a mere 30% of plastic waste is recycled, exacerbating the issue as plastics make up 80% of marine waste in Vietnam. To combat this pressing issue, the Vietnamese Government formulated a national action plan targeting marine plastic debris until 2030. In support of this initiative, UNDP has also assisted in developing and executing an integrated waste and plastic management (IWPM) program in the country.

Moreover, intelligent waste bins are a notable trend in the market. Waste bins equipped with sensors can oversee waste levels and improve collection routes, leading to reduced operational expenses and emissions. Furthermore, the utilisation of big data and analytics to oversee and control waste streams enhances efficiency and decision-making, consequently driving the market expansion.

Vietnam Waste Management Industry Segmentation

“Vietnam Waste Management Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Market Breakup by Waste Type

• Municipal Waste

• Medical Waste

• Industrial Waste

• E-waste

• Others

Market Breakup by Disposal Method

• Landfill

• Incineration

• Recycling

Market Breakup by Service Type

• Collection

• Transportation

• Disposal

Market Breakup by Region

• Southeast

• Red River Delta

• Mekong River Delta

• South Central Coast

• Others

Vietnam Waste Management Market Share

Based on waste type, the market is segmented into e-waste, medical waste, industrial waste, municipal waste and among others. E-waste is projected to grow at a CAGR of 7.8% during the forecast period of 2025-2034. The amount of e-waste produced rises along with the world's dependence on electronic gadgets, presenting serious risks to human health and the environment. To lower these effects and encourage sustainable habits, e-waste management must be done effectively.

Leading Companies in the Vietnam Waste Management Market

Major players are investing heavily in technological advancements in waste management solutions to gain a competitive edge.

• Tata Consumer Products Limited

• SGS SA

• Ho Chi Minh City Urban Environment Company Limited (CITENCO)

• Green Environment Production and Trade Services Co., LTD.

• Vietnam Water and Environmental Sanitation Company Limited

• Tan Phat Tai Co., Ltd.

• Dai Lam Son Company Limited

• RecyGlo Company Pte. Ltd.

• Viet Green Environmental Production Trading Service Company Limited

• Hoa Binh High-Tech Environment Joint Stock Company

• Others

Key Highlights of the Report

Vietnam Waste Management Market Report Snapshots

Vietnam Waste Management Market Size

Vietnam Waste Management Market Growth

Vietnam Waste Management Market Share

Vietnam Waste Management Companies