Vietnam Waste to Energy Market Size, Share, Trends and Forecast by Technology, Waste Type, and Region, 2025-2033

Vietnam Waste to Energy Market Overview:

The Vietnam waste to energy market size reached USD 232.00 Million in 2024. The market is projected to reach USD 367.24 Million by 2033, exhibiting a growth rate (CAGR) of 4.70% during 2025-2033. The market is driven by robust government policy support through the National Power Development Plan VIII and the National Action Plan for a Circular Economy, which establish clear regulatory frameworks and capacity targets for waste-to-energy infrastructure development. Additionally, expanding thermal waste-to-energy infrastructure through substantial private and public investment is creating new treatment facilities across major urban centers, while the partnership between domestic and international technology providers is accelerating project implementation, significantly expanding the Vietnam waste to energy market share.

Vietnam Waste to Energy Market Trends:

Rising Urbanization and Waste Generation

Vietnam is undergoing rapid urbanization, leading to heightened population density in urban areas and increased volumes of municipal solid waste (MSW). This rise in waste poses significant challenges and opportunities for energy recovery initiatives. The growing residential, commercial, and industrial waste streams are prompting local authorities and private sectors to seek sustainable waste management solutions. Waste-to-energy (WtE) plants provide a dual advantage: they reduce dependency on landfills while generating electricity for urban centers. The heightened emphasis on urban planning and sustainable infrastructure further necessitates integrated waste management systems. As cities expand, WtE solutions become vital for ensuring environmental compliance, reducing greenhouse gas emissions, and bolstering energy security. This trend highlights the long-term investment potential in WtE projects and underscores the essential role of technology in efficiently scaling operations.

Government Focus on Renewable Energy

The Vietnamese government has put a premium on the adoption of renewable energy as part of its national energy and environmental strategy, offering incentives, policy frameworks, and regulatory backing for waste-to-energy projects. This proactive approach is accelerating the Vietnam waste to energy market growth, drawing in private sector involvement, foreign investment, and public-private partnerships. Policies are in place to encourage the creation of modern WtE plants that convert municipal, industrial, and agricultural waste into electricity, helping to diminish reliance on fossil fuels. Strategic measures, such as feed-in tariffs, tax incentives, and simplified permitting processes, aim to make WtE investments financially feasible while promoting energy diversification. This policy environment not only boosts investor confidence but also stimulates innovation in plant design, operational efficiency, and environmental compliance, ensuring that WtE emerges as a sustainable and scalable element of Vietnam’s renewable energy landscape.

Technological Advancements in Waste Conversion

Innovations in waste conversion technologies are improving the efficiency and environmental performance of WtE plants in Vietnam. Contemporary incineration methods, gasification, and anaerobic digestion systems are being utilized to enhance energy recovery from municipal and industrial waste streams. These technologies bolster operational dependability, reduce residual waste, and comply with stringent emissions standards. The integration of AI-powered monitoring systems and digital plant management tools further amplifies performance, facilitating predictive maintenance, real-time process regulation, and optimized energy output. The use of innovative technologies also facilitates the co-generation of heat and electricity, enhancing economic viability. As Vietnamese authorities advocate for environmentally responsible energy solutions, these technological progressions are pivotal in achieving compliance, scalability, and profitability in WtE projects, making this sector increasingly appealing to investors and infrastructure developers.

Vietnam Waste to Energy 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 technology and waste type.

Technology Insights:

• Thermal
  • Incineration
  • Pyrolysis
  • Gasification
• Biochemical
• Others

The report has provided a detailed breakup and analysis of the market based on the technology. This includes thermal (incineration, pyrolysis, and gasification), biochemical, and others.

Waste Type Insights:

• Municipal Waste
• Process Waste
• Agriculture Waste
• Medical Waste
• Others

A detailed breakup and analysis of the market based on the waste type have also been provided in the report. This includes municipal waste, process waste, agriculture waste, medical waste, 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 Waste to Energy Market News:

• In September 2025, The Seraphin waste-to-energy plant, located at the Xuan Son solid waste treatment complex, was inaugurated by AMACCAO Group in collaboration with the Hanoi People's Committee. This facility marks the first advanced waste-to-energy plant in Vietnam that has been entirely funded, designed, constructed, and overseen by a domestic private company.

Vietnam Waste to Energy Market Report Coverage:

Key Questions Answered in This Report:

• How has the Vietnam waste to energy market performed so far and how will it perform in the coming years?
• What is the breakup of the Vietnam waste to energy market on the basis of technology?
• What is the breakup of the Vietnam waste to energy market on the basis of waste type?
• What is the breakup of the Vietnam waste to energy market on the basis of region?
• What are the various stages in the value chain of the Vietnam waste to energy market? 
• What are the key driving factors and challenges in the Vietnam waste to energy market?
• What is the structure of the Vietnam waste to energy market and who are the key players?
• What is the degree of competition in the Vietnam waste to energy 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 waste to energy market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Vietnam waste to energy 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 waste to energy 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.