Research and Markets company has affirmed that solid waste managementindustry in Vietnam was potential and the industrial solid wastemanagement market would continue to grow fast.
In asummary report posted onto http://www.researchandmarkets.com, theleading supplier of international market research and market data wrote:"Vietnam is currently one of the fastest growing and untapped solidwaste management markets in the Asia-Pacific region" and "The share ofurban population further increased which infused municipal solid wastegeneration growth to reach new height."
The reportshowed that fast industrialization and urbanization has been promoted inVietnam with urban population rising to 31.7 million and accounting for37 percent of the national population in the first half of 2009. Thistrend has intensified in 2010.
It added that amongthe sectors, industrial solid waste is growing at the fastest rate inthe country. Sectors including, food and beverages, wearing apparel,tanning and dressing of leather, wood and products of wood, fabricatedmetal products are the backbone of Vietnams industrial sector andtogether represent 65 percent of all industrial employment and 57percent of all industrial firms in the country. Amid the fastdevelopments in industrial production, the industrial solid wastegeneration has reached an estimated 5.7 million tonnes in 2010 and hasbeen anticipated to post phenomenal growth at 19 percent during2011-2014.
It wrote: "The government has approvedthe waste management strategy outlining specific plans to 2025. The planstates that any organization or individual releasing waste that causespollution must pay for damages. By 2025, the government aims fordevelopments of solid waste recycling plant in all cities for householdsto dispose and treat their waste. In addition, to control pollution,100 percent of solid waste from urban areas and toxic and non-toxicindustrial solid waste will be collected and treated. Besides, 90percent of construction solid waste and rural residential solid wastealso aimed to be collected and treated."
Accordingto the Research and Markets company, the business and social environmentin Vietnam has become favourable for foreign investments owing to theWTO accession and relaxed regulatory policies./.
In asummary report posted onto http://www.researchandmarkets.com, theleading supplier of international market research and market data wrote:"Vietnam is currently one of the fastest growing and untapped solidwaste management markets in the Asia-Pacific region" and "The share ofurban population further increased which infused municipal solid wastegeneration growth to reach new height."
The reportshowed that fast industrialization and urbanization has been promoted inVietnam with urban population rising to 31.7 million and accounting for37 percent of the national population in the first half of 2009. Thistrend has intensified in 2010.
It added that amongthe sectors, industrial solid waste is growing at the fastest rate inthe country. Sectors including, food and beverages, wearing apparel,tanning and dressing of leather, wood and products of wood, fabricatedmetal products are the backbone of Vietnams industrial sector andtogether represent 65 percent of all industrial employment and 57percent of all industrial firms in the country. Amid the fastdevelopments in industrial production, the industrial solid wastegeneration has reached an estimated 5.7 million tonnes in 2010 and hasbeen anticipated to post phenomenal growth at 19 percent during2011-2014.
It wrote: "The government has approvedthe waste management strategy outlining specific plans to 2025. The planstates that any organization or individual releasing waste that causespollution must pay for damages. By 2025, the government aims fordevelopments of solid waste recycling plant in all cities for householdsto dispose and treat their waste. In addition, to control pollution,100 percent of solid waste from urban areas and toxic and non-toxicindustrial solid waste will be collected and treated. Besides, 90percent of construction solid waste and rural residential solid wastealso aimed to be collected and treated."
Accordingto the Research and Markets company, the business and social environmentin Vietnam has become favourable for foreign investments owing to theWTO accession and relaxed regulatory policies./.
