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The Vietnam Waste Management Market Report is Segmented by Source (Residential, Commercial, Industrial, and More), by Service Type (Collection/Transportation/Sorting, and More), by Waste Type (Municipal Solid Waste, Industrial Hazardous Waste, E-Waste, Plastic Waste, Biomedical Waste, and More), and by Geography (Ho Chi Minh City, Hanoi, Da Nang, Rest of Vietnam). The Market Forecasts are Provided in Terms of Value (USD).
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The Vietnam waste management market reached approximately USD 6.42 Billion in 2024. The market is projected to grow at a CAGR of 6.60% between 2025 and 2034, reaching a value of around USD 12.16 Billion by 2034.
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The Vietnamese waste management market, currently valued at approximately $2.07 billion (2025), is experiencing robust growth, projected to expand at a Compound Annual Growth Rate (CAGR) of 6.78% from 2025 to 2033. This growth is driven by several factors, including increasing urbanization, rising environmental awareness among both citizens and businesses, and stricter government regulations aimed at improving waste disposal practices. The market is segmented by waste type (industrial, municipal solid, hazardous, e-waste, plastic, biomedical) and disposal method (landfill, incineration, recycling). While landfills currently dominate, a significant shift towards recycling and incineration with energy recovery is expected, spurred by government initiatives promoting a circular economy and reducing reliance on landfilling. The increasing generation of e-waste and plastic waste presents both challenges and opportunities, necessitating investment in advanced waste processing technologies and sustainable recycling solutions. Key players in the market include CITENCO, SGS Vietnam, and several other domestic and international companies, reflecting a competitive landscape with opportunities for both established players and new entrants. The market's expansion is further supported by the growing demand for environmentally friendly waste management solutions from both public and private sectors. The growth trajectory is likely to be influenced by government policies promoting sustainable waste management practices, investment in infrastructure, and technological advancements in waste processing and recycling. The regional distribution of the market will likely reflect the uneven distribution of economic activity and population density across Vietnam. Rapid economic growth in urban centers will likely drive higher demand for effective waste management solutions in those areas. Furthermore, the successful implementation of public awareness campaigns regarding waste segregation and responsible disposal will also play a crucial role in shaping the market's future growth. Challenges remain, including the need for improved waste collection infrastructure, particularly in rural areas, and the lack of widespread awareness regarding proper waste management practices. Overcoming these hurdles will be vital for realizing the full potential of Vietnam's waste management market. Recent developments include: July 2023: Vietnam committed to collaborating closely with fellow ASEAN member countries, non-ASEAN nations, and international partners. This collaboration aims to mobilize resources dedicated to capacity building, technology transfer, and exchanging experiences concerning hazardous chemicals and waste management.May 2023: The HCM City Urban Environment Company Limited (CITENCO) used digital technology, such as a global positioning system, in its 265 garbage trucks. This monitoring helped increase the company's efficiency in garbage collection and disposal.. Key drivers for this market are: Tight Regulatory Compliance Will Drive the Market's Growth, Growing Awareness About Healthy Environment. Potential restraints include: Tight Regulatory Compliance Will Drive the Market's Growth, Growing Awareness About Healthy Environment. Notable trends are: Vietnam's Rapid Industrialization and Environmental Challenges.
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Discover the booming Vietnamese waste management market! Explore its $2.07 billion valuation (2025), 6.78% CAGR growth, key players, and regional trends. Learn about opportunities in industrial waste, municipal solid waste, and e-waste management in this comprehensive market analysis. Recent developments include: July 2023: Vietnam committed to collaborating closely with fellow ASEAN member countries, non-ASEAN nations, and international partners. This collaboration aims to mobilize resources dedicated to capacity building, technology transfer, and exchanging experiences concerning hazardous chemicals and waste management.May 2023: The HCM City Urban Environment Company Limited (CITENCO) used digital technology, such as a global positioning system, in its 265 garbage trucks. This monitoring helped increase the company's efficiency in garbage collection and disposal.. Key drivers for this market are: Tight Regulatory Compliance Will Drive the Market's Growth, Growing Awareness About Healthy Environment. Potential restraints include: Tight Regulatory Compliance Will Drive the Market's Growth, Growing Awareness About Healthy Environment. Notable trends are: Vietnam's Rapid Industrialization and Environmental Challenges.
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In Vietnam Solid Waste Management Market, offering valuable insights, key market trends, competitive landscape, and future outlook to support strategic decision.
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Waste Management in Vietnam Market size was valued at USD 2.08 Billion in 2024 and is projected to reach USD 3.43 Billion by 2032, growing at a CAGR of 6.5% from 2026 to 2032. Vietnam’s waste management market is driven by rapid urbanization, industrial growth, and increasing waste generation. Government regulations, such as the Law on Environmental Protection, push for stricter waste disposal and recycling standards, boosting demand for waste management solutions. Rising environmental awareness and foreign investments further accelerate market expansion. Technological advancements and circular economy initiatives are transforming waste collection and recycling. The adoption of waste-to-energy projects and smart waste management systems enhances efficiency. Additionally, public-private partnerships and international collaborations support infrastructure development, making waste management more sustainable and profitable.
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Vietnam Hazardous Waste Management Market growth is driven increasing volume of hazardous waste generated by expanding industries, the rise in e-waste, and the growing emphasis on sustainability.
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The ASEAN Waste Management Market Report is Segmented by Source (Residential, Commercial, Industrial, and More), by Service Type (Collection/Transportation/Sorting, and More), by Waste Type (Municipal Solid, Industrial Hazardous, E-Waste, Plastic, and More), and by Geography (Indonesia, Thailand, Vietnam, Philippines, Malaysia, Singapore, Rest of ASEAN). The Market Forecasts are Provided in Terms of Value (USD).
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The ASEAN waste management market is booming, projected to reach $53.18 billion by 2033 with a 6.74% CAGR. Discover key drivers, trends, and challenges shaping this dynamic industry, including the rise of e-waste, sustainable disposal methods, and regional market share analysis. Recent developments include: December 2022: A cooperative venture called Rebottle between Singapore Polytechnic (SP) and SembWaste, a fully owned subsidiary of Sembcorp Industries (Sembcorp) intends to increase the amount of PET bottles that are recycled in Singapore, beginning with the Punggol Shore area.June 2022: The introduction of a representative office in the Wijayakusuma Industrial Area was conducted on Thursday, June 30, 2022, making it a significant day in the history of PT Prasadha Pamunah Waste Industries (PPLI). The Wijayakusuma Industrial Estate's management, PT KIW, has leased space to the newly established PT PPLI representative office (Persero). Selling land for industrial usage, renting Ready-to-Use Factory Buildings (BPSP), and leasing space for offices are all part of PT KIW's primary business. The PT PPLI-DESI representative office will be opened with the intention of being a dependable partner for businesses, the Indonesian government, and other stakeholders, and contributing to Indonesia's economic and environmental growth.. Notable trends are: Indonesia Advances Zero-Plastic Waste Ambitions with Public-Private Partnership to Build Waste Management Capacity and Capability.
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In Vietnam Automation Sensors Market, was valued at approximately USD 10.11 billion in 2022 and is projected to reach USD 12.45 billion by 2029, registering a Compound Annual Growth Rate (CAGR) of 8.65% during the forecast period.
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The Southeast Asia waste-to-energy market is booming, projected to reach $3.74 billion by 2025, with a CAGR of 12.79%. Discover key trends, drivers, restraints, and leading companies shaping this rapidly expanding sector. Learn about technological advancements in incineration, anaerobic digestion, and pyrolysis. Recent developments include: October 2023: The Thailand Board of Investment (BOI) approved an investment for promoting applications worth a combined USD 1.1 billion in projects, including the manufacturing of electric vehicles (EV), the generation of renewable energy from waste, data centers, and travel and tourism infrastructure and equipment. Further, C&G Environmental Protection (Thailand) Co., Ltd. received approval for a USD 0.13 billion investment in a 35-megawatt power generation project that will produce electricity from waste. The facility will be located in the area of the Nong Khaem Solid Waste Disposal Center in Bangkok., September 2022: PT Jakarta Propertindo (Jakpro), a city-owned developer, announced that the construction of Jakarta's inaugural waste-to-energy incinerator in Sunter, North Jakarta, will begin by the end of 2022.. Key drivers for this market are: 4., Increasing Waste Generation4.; Environmental Concerns and Sustainability Goals. Potential restraints include: 4., Increasing Waste Generation4.; Environmental Concerns and Sustainability Goals. Notable trends are: Growing Demand for Thermal-Based Waste-to-Energy Conversion.
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Vietnam bioplastics market size reached USD 69.5 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 227.7 Million by 2033, exhibiting a growth rate (CAGR) of 12.6% during 2025-2033. The rising awareness among individuals towards environmental sustainability, along with the implementation of stringent regulations by government bodies concerning waste management and emissions, is primarily driving the market growth.
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Report Attribute
|
Key Statistics
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|---|---|
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Base Year
| 2024 |
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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| Market Size in 2024 | USD 69.5 Million |
| Market Forecast in 2033 | USD 227.7 Million |
| Market Growth Rate (2025-2033) | 12.6% |
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on product, application, and distribution channel.
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The Asia garbage collection market, valued at $49.84 billion in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 8.97% from 2025 to 2033. This expansion is fueled by several key factors. Rapid urbanization across the region is leading to increased waste generation, particularly in densely populated megacities like Mumbai, Jakarta, and Shanghai. Simultaneously, rising environmental awareness and stricter government regulations regarding waste management are driving the adoption of more efficient and sustainable collection methods. The increasing prevalence of hazardous waste from industrial activities, especially in rapidly industrializing nations like Vietnam and Bangladesh, further necessitates advanced waste collection and disposal solutions. Growth is also spurred by the expanding middle class, which is increasingly demanding better hygiene and sanitation services. The market is segmented by product type (waste disposal equipment, waste recycling and sorting equipment), waste type (hazardous and non-hazardous), collection type (curbside, door-to-door, community programs), and end-user (municipal, healthcare, chemical, mining). The presence of established international players alongside burgeoning local businesses indicates a dynamic and competitive landscape. While significant growth is anticipated, challenges remain. Inadequate infrastructure, particularly in less developed regions, hinders effective waste collection and poses a significant barrier to market penetration. Furthermore, inconsistent waste segregation practices among citizens can reduce the efficiency of recycling and sorting processes, necessitating targeted public awareness campaigns. The fluctuating prices of raw materials and the high capital investment required for advanced technologies represent additional hurdles for market participants. Nevertheless, the long-term outlook for the Asia garbage collection market remains positive, driven by sustained economic growth and a growing commitment to environmental sustainability. This presents considerable opportunities for both established players and new entrants in the sector to capitalize on the expanding needs of the region. Recent developments include: September 2023: Project STOP, in collaboration with Regent Ipuk Feliiantiandani, inaugurated one of Indonesia's largest Material Recovery Facilities in Songgon Town. This significant milestone, achieved in partnership with the Banyuwan Provincial Government, marks a major stride toward establishing Indonesia as the pioneer in regency-run systems for circular waste management., March 2023: ALBA Group Asia, the premier waste management company and recycling solutions provider for German-owned communities and industries in Vietnam, formalized a cooperation agreement with VietCycle, a leading waste collection company and plastic recycling provider in Vietnam. Together, they are embarking on a joint venture to establish the largest food-grade PET/HDPE plastic recycling facility in Vietnam, showcasing their commitment to sustainable and innovative waste management solutions.. Key drivers for this market are: 4., Increasing awareness among consumers4.; Environment concerns and sustainability. Potential restraints include: 4., Increasing awareness among consumers4.; Environment concerns and sustainability. Notable trends are: Non Hazardous segment dominating the market.
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The hazardous waste management market, valued at $38.77 billion in 2025, is projected to experience steady growth, driven by increasing industrialization, stricter environmental regulations globally, and rising awareness regarding environmental protection. The market's Compound Annual Growth Rate (CAGR) of 3.74% from 2025 to 2033 indicates a consistent expansion, albeit moderate, suggesting a mature but still evolving market landscape. Key growth drivers include the burgeoning chemical and biomedical industries, generating substantial hazardous waste streams. Stringent government regulations mandating safe disposal and remediation of hazardous materials further fuel market demand. The market is segmented by waste type (solid, liquid, sludge) and waste source (chemicals, biomedical, radioactive, other). Solid waste management currently holds a significant share, but the liquid and sludge segments are expected to witness faster growth due to increasing industrial wastewater generation. Geographically, North America and Europe currently dominate the market due to established infrastructure and stringent regulations. However, Asia-Pacific is poised for significant growth fueled by rapid industrialization and economic expansion in countries like India and China. Competition is intense, with major players like Suez, Veolia, Waste Management, and Republic Services vying for market share through technological advancements, strategic acquisitions, and geographic expansion. The restraints on market growth include high operational costs associated with handling and disposing of hazardous waste, requiring specialized infrastructure and technologies. Fluctuations in raw material prices and potential economic downturns can also influence market dynamics. Technological advancements, however, present significant opportunities, including improved waste treatment technologies, enhanced monitoring systems, and the development of sustainable and cost-effective solutions. The market is likely to see increased adoption of advanced technologies such as incineration, plasma gasification, and biological treatment methods to improve efficiency and reduce environmental impact. Furthermore, the increasing emphasis on circular economy principles is driving innovation towards waste-to-energy solutions and resource recovery from hazardous waste streams. This creates both challenges and opportunities for companies to adapt and innovate to remain competitive in this evolving market. This comprehensive report provides a detailed analysis of the global Hazardous Waste Management Market, covering the period from 2019 to 2033. With a base year of 2025 and an estimated year of 2025, this report offers valuable insights into market trends, growth drivers, challenges, and key players. The market is segmented by waste type (chemicals, biomedical, radioactive, corrosive, flammable, etc.), waste form (solid, liquid, sludge), and key geographic regions. The report projects substantial growth, reaching multi-billion dollar valuations by 2033, fueled by stringent environmental regulations and increasing industrial activity. Recent developments include: April 2024: China Everbright Environment Group Limited, known as Everbright Environment, celebrated the successful construction of its Hue Waste-to-Energy Project in Thua Thien Hue Province, Vietnam. The event was graced by the presence of Vietnamese Prime Minister Pham Minh Chinh., February 2024: WM announced plans to expand its footprint by establishing three new recycling facilities across North America. Additionally, the company plans to finalize automation enhancements at 10 of its existing sites. These upgrades are projected to boost WM's recycling capacity by an impressive 1 million metric tons annually, a goal slated for achievement by 2026., . Key drivers for this market are: Stringent Global Environmental Regulations Drive Demand for Compliant Hazardous Waste Management and Disposal Solutions, Increased Industrial Activities and Urbanization Driving up Hazardous Waste Production, Fueling Demand for Waste Management Services; Innovations in Waste Treatment Technologies, such as Advanced Recycling and Waste-to-Energy Processes, Enhance Efficiency and Reduce Environmental Impact. Potential restraints include: Stringent Global Environmental Regulations Drive Demand for Compliant Hazardous Waste Management and Disposal Solutions, Increased Industrial Activities and Urbanization Driving up Hazardous Waste Production, Fueling Demand for Waste Management Services; Innovations in Waste Treatment Technologies, such as Advanced Recycling and Waste-to-Energy Processes, Enhance Efficiency and Reduce Environmental Impact. Notable trends are: Asia-Pacific Expected to Dominate the Market Over the Coming Years.
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The hazardous waste management market, currently valued at $38.77 billion in 2025, is projected to experience steady growth, driven by increasing industrialization, stringent environmental regulations, and rising awareness of hazardous waste's impact on human health and the environment. The 3.74% CAGR from 2019 to 2024 indicates a consistent market expansion, which is expected to continue through 2033. Key drivers include the growing need for safe and efficient waste disposal solutions across various industries, such as manufacturing, healthcare, and energy. Technological advancements in waste treatment and recycling processes, along with the adoption of sustainable waste management practices, are further fueling market growth. While challenges such as high disposal costs and the complexities of managing diverse hazardous waste streams remain, innovative solutions and increasing government support are mitigating these restraints. Leading companies such as Suez, Veolia, Waste Management, and Republic Services are shaping the market landscape through strategic acquisitions, technological improvements, and expansion into new geographical regions. The market segmentation, although not explicitly provided, likely includes various waste types (e.g., chemical, medical, electronic) and treatment methods (incineration, landfilling, recycling). Geographical expansion, particularly in developing economies experiencing rapid industrialization, presents significant opportunities for market growth in the coming years. The market's expansion is further influenced by the increasing focus on circular economy principles, promoting waste reduction, reuse, and recycling. Government initiatives promoting sustainable waste management, coupled with heightened corporate social responsibility (CSR) commitments, are actively shaping industry practices. The competitive landscape is characterized by both large multinational corporations and smaller specialized players, leading to innovation and a diverse range of services. Future market growth will hinge on factors such as technological advancements in waste-to-energy technologies, the effective implementation of environmental regulations, and the sustained commitment to environmentally responsible waste management across both the public and private sectors. The forecast period of 2025-2033 promises continued growth, driven by the persistent need for efficient and sustainable hazardous waste management solutions globally. Recent developments include: April 2024: China Everbright Environment Group Limited, known as Everbright Environment, celebrated the successful construction of its Hue Waste-to-Energy Project in Thua Thien Hue Province, Vietnam. The event was graced by the presence of Vietnamese Prime Minister Pham Minh Chinh., February 2024: WM announced plans to expand its footprint by establishing three new recycling facilities across North America. Additionally, the company plans to finalize automation enhancements at 10 of its existing sites. These upgrades are projected to boost WM's recycling capacity by an impressive 1 million metric tons annually, a goal slated for achievement by 2026., . Key drivers for this market are: Stringent Global Environmental Regulations Drive Demand for Compliant Hazardous Waste Management and Disposal Solutions, Increased Industrial Activities and Urbanization Driving up Hazardous Waste Production, Fueling Demand for Waste Management Services; Innovations in Waste Treatment Technologies, such as Advanced Recycling and Waste-to-Energy Processes, Enhance Efficiency and Reduce Environmental Impact. Potential restraints include: Stringent Global Environmental Regulations Drive Demand for Compliant Hazardous Waste Management and Disposal Solutions, Increased Industrial Activities and Urbanization Driving up Hazardous Waste Production, Fueling Demand for Waste Management Services; Innovations in Waste Treatment Technologies, such as Advanced Recycling and Waste-to-Energy Processes, Enhance Efficiency and Reduce Environmental Impact. Notable trends are: Asia-Pacific Expected to Dominate the Market Over the Coming Years.
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Vietnam Biochar Market is valued at USD 120 million, driven by sustainable agriculture, government support, and carbon credits, with growth in soil enhancement and waste management.
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Discover the booming Vietnam rigid plastic packaging market! Explore key trends, growth drivers (food & beverage, QSRs), restraints (sustainability concerns), and leading companies from 2025-2033. Get insights into market segmentation, CAGR projections, and future opportunities. Recent developments include: May 2024: ALPLA Werke Alwin Lehner GmbH & Co. KG, an Austria-based company with operations in Vietnam, unveiled a recyclable wine bottle crafted from Polyethylene Terephthalate (PET). This new bottle is approximately eight times lighter than its glass counterpart. Looking ahead, the company aims to produce a million units of this bottle by 2025., May 2024: Greif Inc., a United States-based company with operations in Vietnam, revealed its participation in ProPak Asia 2024, which took place in Thailand in June 2024. At the expo, the company showcased a range of innovative packaging solutions, prominently featuring plastic drums of various sizes.. Key drivers for this market are: Growing Tourism to Boost Food and Beverage Industry, Availability of Variety of Plastic Packaging Products in Vietnam. Potential restraints include: Growing Tourism to Boost Food and Beverage Industry, Availability of Variety of Plastic Packaging Products in Vietnam. Notable trends are: Polyethylene (PE) Segment is Estimated to Have the Largest Market Share.
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The size of the Asia Garbage Collection Market was valued at USD 49.84 Million in 2023 and is projected to reach USD 90.93 Million by 2032, with an expected CAGR of 8.97% during the forecast period. Recent developments include: September 2023: Project STOP, in collaboration with Regent Ipuk Feliiantiandani, inaugurated one of Indonesia's largest Material Recovery Facilities in Songgon Town. This significant milestone, achieved in partnership with the Banyuwan Provincial Government, marks a major stride toward establishing Indonesia as the pioneer in regency-run systems for circular waste management., March 2023: ALBA Group Asia, the premier waste management company and recycling solutions provider for German-owned communities and industries in Vietnam, formalized a cooperation agreement with VietCycle, a leading waste collection company and plastic recycling provider in Vietnam. Together, they are embarking on a joint venture to establish the largest food-grade PET/HDPE plastic recycling facility in Vietnam, showcasing their commitment to sustainable and innovative waste management solutions.. Key drivers for this market are: 4., Increasing awareness among consumers4.; Environment concerns and sustainability. Potential restraints include: 4., The cost of production and transportation4.; Regulations and quality standards. Notable trends are: Non Hazardous segment dominating the market.
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Get Market Research Report like Vietnam Industrial Water and Waste Water Treatment Market, Industry Research Report, Trend, Forecast, Growth and Revenue by Ken Research
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The Southeast Asia Waste-to-Energy Market Report is Segmented by Technology (Physical, Thermal (Incineration, Co-Processing, Pyrolysis/Gasification), and Biological (Anaerobic Digestion), and Geography (Malaysia, Indonesia, Thailand, Singapore, Vietnam, Rest of Southeast Asia). The report offers the market size and forecasts in revenue (USD) for all the above segments.
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The Vietnam Waste Management Market Report is Segmented by Source (Residential, Commercial, Industrial, and More), by Service Type (Collection/Transportation/Sorting, and More), by Waste Type (Municipal Solid Waste, Industrial Hazardous Waste, E-Waste, Plastic Waste, Biomedical Waste, and More), and by Geography (Ho Chi Minh City, Hanoi, Da Nang, Rest of Vietnam). The Market Forecasts are Provided in Terms of Value (USD).