Vietnam PET Recycling: Accelerating post-consumer PET recycling in Vietnam

Vietnam's PET recycling market is poised for rapid growth, driven by strong PET consumption, supportive regulations, and abundant feedstock. 

Solid waste management in Vietnam has seen a shift towards private sector involvement. Traditionally, municipal solid waste (MSW) was handled by State-owned enterprises (SOEs). However, industrial (ISW) and hazardous waste (HSW) have primarily been managed by domestic and foreign entities due to their higher tipping fees and lower collection costs. 

Key Highlights: 

• Low collection-for-recycling rate: Vietnam's plastic waste collection-for-recycling rate is just 25% while PET consumption in Vietnam is growing at a CAGR of 13%. 

• Evolving regulatory landscape: The EPR framework mandates minimum recycling rates as well as global brands’ commitment, encouraging investment in infrastructure and processes. 

• Development of PET recycling facilities: With the active participation of local and foreign investors, total designed capacity of these facilities is expected to increase by fourfold in 2023. 

• Untapped potential in textile waste: Industrial feedstocks incl. trays, textile scrap, etc. have not yet utilized for recycling, despite abundant discharge amount. 

How to Unlock Opportunities: 

• Partner with local players: Find local partners with extensive collection networks and strong connections to textile companies and waste treatment facilities. 

• Leverage expertise of local consulting firms: Utilize the expertise of local research and consulting firms to navigate the Vietnamese business environment and regulatory framework.  

Vietnam's PET recycling market offers a wealth of opportunities for investors seeking to capitalize on a growing, sustainable, and environmentally conscious sector. 

For the full sector preview, kindly access HERE.    

For publications on other key sectors in Vietnam (Plastic Recycling, Sustainability, Utilities, Renewable Energy, Financial Services, M&A, Cold Chain, Water Supply, Cement, etc.) please refer to our website at https://fiinresearch.vn.     

About FiinGroup     

FiinGroup is Vietnam’s leading provider of financial data analytics platforms, business information, market research and consulting, credit ratings, and other data-driven analytics services via Platform as a Service (PaaS), annual package, and on-call services.     

FiinGroup has successfully supported various local and foreign investors via market assessment, market entry advisory, commercial due diligence, merger filing support and deal advisory to penetrate/ expand their businesses, particularly in Plastic Recycling, Plastic Packaging in Vietnam.  

For more information about FiinGroup’s support and other investor services and how we can support, please call +84 (24) 3562 6962 or email to research.support@fiingroup.vn.