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./.
