Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Vietnam Waste Management Market Size

The Vietnam waste management market reached approximately USD 6.42 billion in 2023. The market is projected to grow at a CAGR of 6.6% between 2024 and 2032, reaching a value of around USD 11.41 billion by 2032.

 

Vietnam Waste Management Market Report Summary Description Value
Base Year USD Billion 2023
Historical Period USD Billion 2018-2023
Forecast Period USD Billion 2024-2032
Market Size 2023 USD Billion 6.42
Market Size 2032 USD Billion 11.41
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 6.6%
CAGR 2024-2032 - Market by Region Southeast 7.1%
CAGR 2024-2032 - Market by Region South Central Coast 6.4%
CAGR 2024-2032 - Market by Waste Type E-waste 7.8%
CAGR 2024-2032 - Market by Disposal Method Recycling 7.5%
Market Share by Region Red River Delta 22.1%

 

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 Report Snapshots

Vietnam Waste Management Market Size

Vietnam Waste Management Market Growth

Vietnam Waste Management Market Share

Vietnam Waste Management Companies

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2023, the market reached an approximate value of USD 6.42 billion.

The market is estimated to grow at a CAGR of 6.6% between 2024 and 2032.

The market is estimated to witness a healthy growth during 2024-2032 to reach around USD 11.41 billion by 2032.

The market is being driven by the rapid urbanisation and excess plastic waste generated in the country.

The key trends aiding the waste management market in Vietnam include the incorporation of smart bins in public places and active government initiatives to manage waste.

The major regions considered in the market are Southeast, Red River Delta, Mekong River Delta, and South Central Coast, among others.

The different waste management service types considered in the market report include collection, transportation, and disposal.

The major players in the market are 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, and Hoa Binh High-Tech Environment Joint Stock Company, among others.

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