Int’l research firm sees potential in VN’s solid waste market
Research and Markets company has affirmed that solid waste management
industry in Vietnam was potential and the industrial solid waste
management market would continue to grow fast.
Research and Markets company has affirmed that solid waste management
industry in Vietnam was potential and the industrial solid waste
management market would continue to grow fast.
In a summary report posted onto http://www.researchandmarkets.com, the leading supplier of international market research and market data wrote: "Vietnam is currently one of the fastest growing and untapped solid waste management markets in the Asia-Pacific region" and "The share of urban population further increased which infused municipal solid waste generation growth to reach new height."
The report showed that fast industrialization and urbanization has been promoted in Vietnam with urban population rising to 31.7 million and accounting for 37 percent of the national population in the first half of 2009. This trend has intensified in 2010.
It added that among the sectors, industrial solid waste is growing at the fastest rate in the country. Sectors including, food and beverages, wearing apparel, tanning and dressing of leather, wood and products of wood, fabricated metal products are the backbone of Vietnams industrial sector and together represent 65 percent of all industrial employment and 57 percent of all industrial firms in the country. Amid the fast developments in industrial production, the industrial solid waste generation has reached an estimated 5.7 million tonnes in 2010 and has been anticipated to post phenomenal growth at 19 percent during 2011-2014.
It wrote: "The government has approved the waste management strategy outlining specific plans to 2025. The plan states that any organization or individual releasing waste that causes pollution must pay for damages. By 2025, the government aims for developments of solid waste recycling plant in all cities for households to dispose and treat their waste. In addition, to control pollution, 100 percent of solid waste from urban areas and toxic and non-toxic industrial solid waste will be collected and treated. Besides, 90 percent of construction solid waste and rural residential solid waste also aimed to be collected and treated."
According to the Research and Markets company, the business and social environment in Vietnam has become favourable for foreign investments owing to the WTO accession and relaxed regulatory policies./.
In a summary report posted onto http://www.researchandmarkets.com, the leading supplier of international market research and market data wrote: "Vietnam is currently one of the fastest growing and untapped solid waste management markets in the Asia-Pacific region" and "The share of urban population further increased which infused municipal solid waste generation growth to reach new height."
The report showed that fast industrialization and urbanization has been promoted in Vietnam with urban population rising to 31.7 million and accounting for 37 percent of the national population in the first half of 2009. This trend has intensified in 2010.
It added that among the sectors, industrial solid waste is growing at the fastest rate in the country. Sectors including, food and beverages, wearing apparel, tanning and dressing of leather, wood and products of wood, fabricated metal products are the backbone of Vietnams industrial sector and together represent 65 percent of all industrial employment and 57 percent of all industrial firms in the country. Amid the fast developments in industrial production, the industrial solid waste generation has reached an estimated 5.7 million tonnes in 2010 and has been anticipated to post phenomenal growth at 19 percent during 2011-2014.
It wrote: "The government has approved the waste management strategy outlining specific plans to 2025. The plan states that any organization or individual releasing waste that causes pollution must pay for damages. By 2025, the government aims for developments of solid waste recycling plant in all cities for households to dispose and treat their waste. In addition, to control pollution, 100 percent of solid waste from urban areas and toxic and non-toxic industrial solid waste will be collected and treated. Besides, 90 percent of construction solid waste and rural residential solid waste also aimed to be collected and treated."
According to the Research and Markets company, the business and social environment in Vietnam has become favourable for foreign investments owing to the WTO accession and relaxed regulatory policies./.
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