| Study Period | 2020 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Size (2025) | USD 2.21 Billion |
| Market Size (2030) | USD 3.07 Billion |
| CAGR (2025 - 2030) | 6.78 % |
| Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Vietnam Waste Management Market Analysis
The Vietnam Waste Management Market size is estimated at USD 2.21 billion in 2025, and is expected to reach USD 3.07 billion by 2030, at a CAGR of 6.78% during the forecast period (2025-2030).
Waste management is a comprehensive procedure that encompasses the organized handling, regulation, and elimination of waste materials produced by human activities. It constitutes the crucial element of contemporary society's endeavors to tackle the difficulties presented by the ever-growing quantity and variety of waste products. Its objective is to minimize the adverse environmental, social, and health impacts of waste while simultaneously maximizing the recovery of resources and promoting sustainability. The waste management procedure consists of several fundamental stages. Initially, waste is gathered from various origins, including households, businesses, industries, and institutions. It is then transported to suitable facilities for further processing or disposal. Treatment methods may involve composting, incineration, or mechanical and biological processes to decrease waste volume and mitigate potential risks. Additionally, recycling plays a pivotal role by allowing certain materials such as paper, glass, plastics, and metals to be reprocessed and reused, thereby reducing the need for new resources and alleviating environmental pressure. Disposal becomes necessary for debris that cannot be recycled or further processed. This typically involves landfilling or, in some cases, converting waste into energy. In recent years, waste management has gained significant momentum as a crucial component in constructing environmentally responsible and resource-efficient communities while addressing the challenges posed by waste generation throughout Vietnam.
Vietnam has been witnessing a staggering volume of waste generation. Despite this, waste treatment in the country is mainly ineffective. According to MoNRE's National Environmental Status Report, most of the waste in the country is taken to landfills, but only 20% of those landfill sites meet national sanitary requirements. Establishing a waste collection and sorting system for successful waste management is crucial. The five most significant cities, namely, Hanoi, Ho Chi, Haiphong, Da Nang, and Can Tho, are responsible for over 70% of the total waste generation. Vietnam's population growth, rapid industrialization, and urbanization have led to a surge in hazardous solid waste, necessitating more effective management. Addressing issues like leachate from poorly managed landfills and solid waste management is high on Vietnam's governmental agenda.
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Vietnam Waste Management Market Trends
Vietnam's Rapid Industrialization and Environmental Challenges
Vietnam is witnessing a rapid growth in industrialization. This increase has caused negative impacts on the environment and natural assets. According to the World Bank, from the start of its market transformation, Vietnam emerged as one of the fastest-growing per-capita greenhouse gas emitters. Vietnam Briefing quoted data from the Ministry of Natural Resources and Environment (MoNRE), indicating that the country produces approximately 60,000 tonnes of household waste daily. Most notably, the urban areas of Hanoi and Ho Chi Minh City alone account for a significant portion, generating 7,000 to 9,000 tonnes of trash each, which is projected to increase by 10% to 16% by next year. This increase in waste production fuels the country's requirement for an effective and efficient waste management procedure.
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Vietnam's Industrial Growth Drives Urgent Need for Waste Management Solutions
The current status of waste management in Vietnam presents significant challenges due to the vast amount of waste generated daily by industries. Vietnam's industrial production is expected to continue on a positive trend, with the industrial production index (IIP) estimated to rise in the current year compared to the previous year. Last year, the demand for essential industrial products increased sharply over the preceding period. These products include sugar, fertilizer, gasoline and oil, television, chemical paint, clothing, and rolled steel. All these products produce many by-products as waste, which should be managed properly. The need for waste management increases due to increased production of such products.
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Vietnam Waste Management Industry Overview
The Vietnamese waste management market is fragmented. It is competitive because of the increasing economic activity in the country, leading to heavier amounts of wastage that need effective management techniques. In Vietnam, more and more investments in the waste management industry are helping the cities prevent drain clogging, which could result in flooding. The market is expected to flourish during the forecast period due to moderate penetration in the industry and other factors that will drive the market. Some of the key players in the market include CITENCO, Tan Phat Tai Co. Ltd, Green Environment Production – Services – Trade Co. Ltd, SGS VietNam, and Vietnam Australia Environment JSC.
Vietnam Waste Management Market Leaders
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CITENCO
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Tan Phat Tai Co., Ltd
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Green Environment Production – Services – Trade Co., Ltd
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SGS VietNam
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Vietnam Australia Environment JSC
- *Disclaimer: Major Players sorted in no particular order
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Vietnam Waste Management Market News
- July 2023: Vietnam committed to collaborating closely with fellow ASEAN member countries, non-ASEAN nations, and international partners. This collaboration aims to mobilize resources dedicated to capacity building, technology transfer, and exchanging experiences concerning hazardous chemicals and waste management.
- May 2023: The HCM City Urban Environment Company Limited (CITENCO) used digital technology, such as a global positioning system, in its 265 garbage trucks. This monitoring helped increase the company's efficiency in garbage collection and disposal.
Vietnam Waste Management Industry Segmentation
The waste management market encompasses activities from waste generation to final disposal, including collection, transportation, treatment, and disposal processes. It also involves monitoring and regulating these activities. This report provides a comprehensive analysis of the market, including an assessment of the Vietnamese economy and its sectoral contributions. The report offers a market overview, size estimations for key segments, emerging trends, and market dynamics within the waste management market in Vietnam.
The report is segmented by waste type and by disposal method. By waste type, the market is segmented into industrial waste, municipal solid waste, hazardous waste, e-waste, plastic waste, and bio-medical waste. By disposal method, the market is segmented into landfill, incineration, and recycling. For each segment, the market size and forecast are provided in terms of value (USD).
| By Waste Type | Industrial Waste |
| Municipal Solid Waste | |
| Hazardous Waste | |
| E-waste | |
| Plastic Waste | |
| Bio-medical Waste | |
| By Disposal Method | Landfill |
| Incineration | |
| Recycling |
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Waste Management in Vietnam Market Research FAQs
How big is the Vietnam Waste Management Market?
The Vietnam Waste Management Market size is expected to reach USD 2.21 billion in 2025 and grow at a CAGR of 6.78% to reach USD 3.07 billion by 2030.
What is the current Vietnam Waste Management Market size?
In 2025, the Vietnam Waste Management Market size is expected to reach USD 2.21 billion.
Who are the key players in Vietnam Waste Management Market?
CITENCO, Tan Phat Tai Co., Ltd, Green Environment Production – Services – Trade Co., Ltd, SGS VietNam and Vietnam Australia Environment JSC are the major companies operating in the Vietnam Waste Management Market.
What years does this Vietnam Waste Management Market cover, and what was the market size in 2024?
In 2024, the Vietnam Waste Management Market size was estimated at USD 2.06 billion. The report covers the Vietnam Waste Management Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Vietnam Waste Management Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Waste Management in Vietnam Industry Report
Statistics for the 2025 Vietnam Waste Management market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Vietnam Waste Management analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
