Report Overview

Rapid urbanization and industrialization, stringent environment regulations, growing public health concerns, a surging demand for recycling, and increasing foreign investments are expected to boost the growth of Vietnam Waste Management Market during the forecast period between 2025 and 2031.

Vietnam Waste Management Market – Industry Trends & Forecast Report, 2031

Vietnam Waste Management Market size was estimated at USD 2.05 billion in 2024. During the forecast period between 2025 and 2031, Vietnam Waste Management Market size is projected to grow at a CAGR of 6.4% reaching a value of USD 3.16 billion by 2031. The expansion of Vietnam Waste Management Market is driven by rapid urbanization and industrialization have led to a significant increase in waste generation, necessitating efficient waste management solutions. The Vietnamese government has implemented policies like the National Strategy on Integrated Solid Waste Management to promote sustainable practices, including recycling and waste-to-energy initiatives. Technological advancements, such as smart waste monitoring systems and automated sorting technologies, are enhancing operational efficiency. Public awareness about environmental sustainability is growing, leading to higher demand for eco-friendly waste management services. Additionally, increased foreign investment and public-private partnerships are supporting the development of advanced waste management infrastructure.

Waste Management – Overview

Waste management refers to the systematic collection, transportation, disposal, and recycling of waste materials to minimize impact on environment and public health. It involves various processes, such as waste reduction, reuse, recycling, and proper disposal of non-recyclable waste. Effective waste management is crucial to mitigate pollution, conserve resources, and reduce landfill usage. It encompasses both residential and industrial waste and requires coordination between government agencies, businesses, and individuals to implement sustainable practices.

Vietnam Waste Management Market  

Growth Drivers

Rising Urbanization and Industrial Expansion

Vietnam's rapid urbanization and industrial growth are significantly increasing waste generation, necessitating efficient management solutions. Expanding cities and manufacturing hubs contribute to higher municipal and industrial waste volumes, driving the demand for advanced disposal and recycling systems. Government policies promoting sustainable waste management further accelerate the market growth. Increasing investments in smart waste collection, treatment technologies, and circular economy practices are rising, ensuring long-term environmental sustainability. Vietnam Waste Management Market benefits from heightened awareness and strict regulatory frameworks supporting waste reduction initiatives.

Challenges

High Costs of Waste Treatment and Recycling Infrastructure

Vietnam Waste Management Market faces financial challenges, due to the high costs of waste treatment and recycling infrastructure. Advanced technologies require significant investments, limiting adoption among municipalities and private firms. Operational expenses, including maintenance and labor, further strain budgets. Limited funding and inconsistent policy support may hinder large scale implementation. The reliance on traditional landfill methods persists due to cost constraints, slowing progress toward sustainable waste management solutions and circular economy practices.

Impact of Escalating Geopolitical Tensions on Vietnam Waste Management Market  

Intensifying geopolitical tensions among countries across the regions could affect the growth of Vietnam Waste Management Market by disrupting international trade and investment flows essential for technological and financial support. These tensions could lead to increased costs for importing advanced waste-to-energy (WtE) technologies and create uncertainties for foreign investors wary of unstable markets. Strained relations with major trading partners might hinder collaborations and knowledge transfer, crucial for market growth. Additionally, such volatility can divert government focus and resources away from environmental initiatives, delaying policy implementation and infrastructure development necessary for expanding the WtE sector, ultimately affecting the country’s ability to address its growing waste management needs effectively.

Vietnam Waste Management Market  

Segmental Coverage

Vietnam Waste Management Market – By Waste Type

By waste type, Vietnam Waste Management Market is divided into Municipal Solid Waste, Industrial Waste, Hazardous Waste, E-Waste, and Biomedical Waste segments. The municipal solid waste segment holds the largest share of Vietnam Waste Management Market. This dominance is primarily driven by rapid urbanization, population growth, and increased consumer consumption, leading to a surge in household and commercial waste generation. Local governments and private entities are investing significantly in municipal waste collection, transportation, and treatment infrastructure. Additionally, government initiatives to improve urban sanitation and waste segregation are further boosting this segment. Compared to other waste types like industrial or hazardous waste, municipal solid waste is more widespread and requires continuous, large-scale management, making it the most substantial segment in the market.

Vietnam Waste Management Market – By Treatment Method

Based on treatment method, Vietnam Waste Management Market is divided into Collection & Transportation, Recycling & Recovery, Incineration, Landfilling, and Composting segments. The collection & transportation segment holds the largest share of Vietnam Waste Management Market. This dominance is driven by the country’s expanding urbanization, rising population, and increasing waste generation across residential, commercial, and industrial sectors. Local governments and private operators have prioritized enhancing waste logistics infrastructure, leading to more investments in waste collection fleets and route optimization technologies. Additionally, public awareness initiatives and regulatory enforcement have contributed to improved waste segregation at the source, making efficient collection and transport a cornerstone of Vietnam’s waste management strategy. The segment’s growth is also bolstered by the need to prevent illegal dumping and pollution.

Vietnam Waste Management Market – By End User

On the basis of end user, Vietnam Waste Management Market is divided into Residential, Commercial, Industrial, Healthcare, and Construction segments. The residential segment holds the largest share of Vietnam Waste Management Market by end user. This dominance is driven by rapid urbanization, population growth, and the expansion of urban housing, which together generate significant volumes of household waste. Local municipalities prioritize the management of residential solid waste through formal collection systems and public-private partnerships. Additionally, awareness programs and government initiatives aimed at improving household recycling and waste segregation practices have reinforced the segment’s growth. As Vietnamese cities continue to expand, the residential segment is expected to maintain its lead, with increasing demand for sustainable and efficient waste collection and disposal solutions.

Competitive Landscape

Major companies operating in Vietnam Waste Management Market include Biffa Plc, Clean Harbors Inc., Covanta Holding Corporation, Daiseki Co., Hitachi Zosen Corporation, Veolia Environment, Waste Management Inc., Republic Services Inc., Suez Environment, Stericycle Inc., and Remondis AG & Co. KG. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product and service launches.

Scope of the Report

By Waste Type

• Municipal Solid Waste

• Industrial Waste

• Hazardous Waste

• E-Waste

• Biomedical Waste

By Treatment Method

• Collection & Transportation

• Recycling & Recovery

• Incineration

• Landfilling

• Composting

By End User

• Residential

• Commercial

• Industrial

• Healthcare

• Construction