Vietnam Battery Recycling Market Size, Share, Trends and Forecast by Type, Source, End Use, Material, and Region, 2025-2033

Vietnam Battery Recycling Market Overview:

The Vietnam battery recycling market size reached USD 67.20 Million in 2024. The market is projected to reach USD 122.72 Million by 2033, exhibiting a growth rate (CAGR) of 6.92% during 2025-2033. The market is set for substantial growth, fueled by the country's growing adoption of electric cars and greater focus on sustainable business. The market is changing with the development of recycling technologies and strategic alliances designed to optimize the recovery of battery material efficiency. Government regulations, including EPR legislation, are encouraging environmentally friendly recycling as well. These advancements are helping to drive the Vietnam battery recycling market share.

Vietnam Battery Recycling Market Trends:

Strategic Partnerships and Infrastructure Development

Vietnam's battery recycling sector is seeing significant momentum via the formation of strategic alliances and the growth of recycling infrastructure. In May 2024, the Ministry of Industry and Trade announced that it planned to work with regional recyclers to develop a number of battery processing plants intended to handle increasing amounts of spent lithium-ion and lead-acid batteries. These plants will be able to match growing demand for raw material recovery as electric vehicle (EV) usage increases in urban areas such as Ho Chi Minh City and Hanoi. Ho Chi Minh City alone is set to introduce an EV battery recycling facility with an estimated capacity of 3,000 tonnes annually. This infrastructure construction is anticipated to minimize reliance on the importation of recycled items while encouraging a circular economy strategy. Further, public and private sector partnerships are establishing the transfer of technology and sharing of knowledge to enhance efficiency in recycling and the safety of the environment. These continued investments and collaborative efforts are critical to pushing Vietnam battery recycling market trends and positioning the nation as the regional hub for managing battery waste.

Market Growth and Investment Opportunities

The Vietnamese battery recycling industry is growing vigorously, fueled by increasing demand for green solutions amid increasing electric vehicle uptake and tougher environmental regulations. Incentives offered by the government in the form of Extended Producer Responsibility (EPR) regulations are spurring manufacturers and importers to become more responsible for battery lifecycle management, stimulating investments into recycling technologies and facilities. In addition, there is growing foreign interest in Vietnam's recycling industry with foreign investors looking into collaborating with local companies to set up cost-effective and regulatory-compliant battery recovery operations. This investment is likely to spur technology transfer and capacity development, which will allow for more advanced recycling procedures that can manage a larger variety of battery chemistries. In addition, the government's adherence to circular economy philosophies lends credence to continued initiatives aimed at the prevention of waste and the recovery of precious materials like cobalt and lithium from used batteries. These factors combined place Vietnam in a paramount position within Southeast Asia's battery recycling market. The consistent flow of resources and policy initiatives indicates favorable prospects for the growth of Vietnam battery recycling market.

Regulatory Developments and Compliance Activities

Vietnam is strengthening its regulatory framework to promote sustainable battery recycling and responsible waste management. In March 2025, the Ministry of Natural Resources and the Environment promulgated new regulations for recovery and environmentally friendly treatment of spent batteries in a bid to realize a 95% recycling efficiency rate of battery waste in the country by 2025. The regulations cover all types of batteries, such as lithium-ion and lead-acid, and make more demands on manufacturers, importers, and recyclers to become compliant. The focus of the government on the creation of clear-cut legal guidelines reflects its interest in reducing environmental pollution and salvaging precious materials from discarded batteries. Moreover, Vietnam is moving in line with international experiences in hazardous waste treatment, mobilizing investment in recycling plants and technological development. This regulatory change will probably raise the level of operation efficiency and transparency of battery recycling processes across the country. As a result, these policy programs are a key driver for the Vietnam battery recycling market growth, providing a more stable and predictable environment for industry participants to develop sustainable recycling businesses.

Vietnam Battery Recycling Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country and regional levels for 2025-2033. Our report has categorized the market based on type, source, end use, and material.

Type Insights:

• Lead-acid Batteries
• Nickel-based Batteries
• Lithium-based Batteries
• Others

The report has provided a detailed breakup and analysis of the market based on the type. This includes lead-acid batteries, nickel-based batteries, lithium-based batteries, and others.

Source Insights:

• Industrial
• Automotive
• Consumer Products
• Electronic Appliances
• Others

A detailed breakup and analysis of the market based on the source have also been provided in the report. This includes industrial, automotive, consumer products, electronic appliances, and others.

End Use Insights:

• Reuse
• Repackaging
• Extraction
• Others

The report has provided a detailed breakup and analysis of the market based on the end use. This includes reuse, repackaging, extraction, and others.

Material Insights:

• Manganese
• Iron
• Lithium
• Nickel
• Cobalt
• Lead
• Aluminium
• Others

A detailed breakup and analysis of the market based on the material have also been provided in the report. This includes manganese, iron, lithium, nickel, cobalt, lead, aluminium, and others.

Regional Insights:

• Northern Vietnam
• Central Vietnam
• Southern Vietnam

The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Vietnam, Central Vietnam, and Southern Vietnam.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Vietnam Battery Recycling Market News:

• July 2025: Vietnam's VinFast has partnered with India's BatX Energies to establish a sustainable battery recycling and repurposing ecosystem for electric vehicles (EVs). This collaboration focuses on recovering critical materials such as lithium, cobalt, and nickel from end-of-life EV batteries, ensuring their reintegration into the production cycle. The initiative aims to reduce environmental impact and dependence on mining, aligning with both nations' commitment to a circular economy. VinFast plans to launch its VF7 and VF6 models in India before the festival season this year.

Vietnam Battery Recycling Market Report Coverage:

Key Questions Answered in This Report:

• How has the Vietnam battery recycling market performed so far and how will it perform in the coming years?
• What is the breakup of the Vietnam battery recycling market on the basis of type?
• What is the breakup of the Vietnam battery recycling market on the basis of source?
• What is the breakup of the Vietnam battery recycling market on the basis of end use?
• What is the breakup of the Vietnam battery recycling market on the basis of material?
• What is the breakup of the Vietnam battery recycling market on the basis of region?
• What are the various stages in the value chain of the Vietnam battery recycling market? 
• What are the key driving factors and challenges in the Vietnam battery recycling market?
• What is the structure of the Vietnam battery recycling market and who are the key players?
• What is the degree of competition in the Vietnam battery recycling market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Vietnam battery recycling market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Vietnam battery recycling market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Vietnam battery recycling industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.