Report Overview

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

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. Vietnam Waste Management Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Rising Urbanization and Industrial Expansion
         2. Government Initiatives and Regulatory Support
         3. Increasing Awareness of Environmental Sustainability
      2. Restraints
         1. High Costs of Waste Treatment and Recycling Infrastructure
         2. Inefficient Waste Collection and Disposal Systems
         3. Limited Public Participation in Waste Segregation
      3. Opportunities
         1. Advancements in Waste-to-Energy Technologies
         2. Expansion of Circular Economy and Recycling Initiatives
      4. Challenges
         1. Managing Hazardous and Electronic Waste Disposal
         2. Addressing Illegal Dumping and Waste Mismanagement
   3. Technological Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. Vietnam Waste Management Market Strategies
5. Vietnam Waste Management Market: Pricing Analysis
6. Vietnam Waste Management Market Overview
   1. Market Size & Forecast, 2019–2031
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Waste Type
         1. Municipal Solid Waste
         2. Industrial Waste
         3. Hazardous Waste
         4. E-Waste
         5. Biomedical Waste
      2. By Treatment Method
         1. Collection & Transportation
         2. Recycling & Recovery
         3. Incineration
         4. Landfilling
         5. Composting
      3. By End User
         1. Residential
         2. Commercial
         3. Industrial
         4. Healthcare
         5. Construction
7. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. Vietnam Waste Management Market Share Analysis, 2024
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Developments (Mergers, Acquisitions, Partnerships)
8. Impact of Escalating Geopolitical Tensions on Vietnam Waste Management Market
9. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
   1. Biffa Plc
   2. Clean Harbors Inc.
   3. Covanta Holding Corporation
   4. Daiseki Co.
   5. Hitachi Zosen Corporation
   6. Veolia Environment
   7. Waste Management Inc.
   8. Republic Services Inc.
   9. Suez Environment
   10. Stericycle Inc.
   11. Remondis AG & Co. KG
10. Key Strategic Recommendations
11. Research Methodology
    1. Qualitative Research
       1.  Primary & Secondary Research
    2.   Quantitative Research
    3.   Market Breakdown & Data Triangulation
       1.  Secondary Research
       2.  Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5.   Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

  The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

List of Figures

Figure 1       Vietnam Waste Management Market Segmentation

Figure 2       Vietnam Waste Management Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2024

Figure 4       Vietnam Waste Management Market Size, By Value (USD Billion), 2019–2031

Figure 5       Vietnam Waste Management Market Share, By Waste Type, By Value, 2019–2031

Figure 6       Vietnam Waste Management Market Share, By Treatment Method, By Value, 2019–2031

Figure 7       Vietnam Waste Management Market Share, By End User, By Value, 2019–2031

List of Tables

Table 1        Vietnam Waste Management Market Size, By Value (USD Billion), 2019–2031

Table 2        Vietnam Waste Management Market Size, By Waste Type, By Value, 2019–2031

Table 3        Vietnam Waste Management Market Size, By Treatment Method, By Value, 2019–2031

Table 4        Vietnam Waste Management Market Size, By End User, By Value, 2019–2031

Table 5     Biffa Plc Company Overview

Table 6     Biffa Plc Financial Overview

Table 7     Clean Harbors Inc. Company Overview

Table 8     Clean Harbors Inc. Financial Overview

Table 9     Covanta Holding Corporation Company Overview

Table 10   Covanta Holding Corporation Financial Overview

Table 11   Daiseki Co. Company Overview

Table 12   Daiseki Co. Financial Overview

Table 13   Hitachi Zosen Corporation Company Overview

Table 14   Hitachi Zosen Corporation Financial Overview

Table 15   Veolia Environment Company Overview

Table 16   Veolia Environment Financial Overview

Table 17   Waste Management Inc. Company Overview

Table 18   Waste Management Inc. Financial Overview

Table 19   Republic Services Inc. Company Overview

Table 20   Republic Services Inc. Financial Overview

Table 21   Suez Environment Company Overview

Table 22   Suez Environment Financial Overview

Table 23   Stericycle Inc. Company Overview

Table 24   Stericycle Inc. Financial Overview

Table 25   Remondis AG & Co. KG Company Overview

Table 26   Remondis AG & Co. KG Financial Overview