The industrial solid waste management market is quite small in Vietnam but it has been growing quite significantly due to the increasing focus of public and private sectors on disposing hazardous chemical and electronic wastes. Several additional companies are currently formulating plans to enter the market, alarmed by its skyrocketing growth in future.
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.
Apart from 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.
The government has approved waste management strategy outlining specific plans to be carried out till 2025. According to the plan, any organization or individual releasing waste that causes pollution must pay for damages. By 2025, the government aims at 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 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 including municipal, industrial, and rural sectors.
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