The Water Treatment Market in Vietnam in 2024

Context

Some key points to remember:

• Vietnam water treatment systems market is projected to exhibit a growth rate (CAGR) of 13.68% during 2024-2032. 
• Population is approaching 100 million people.
• Public infrastructure such as water treatment systems struggle to keep pace with rapid urbanization and development.

Our take on the Vietnam water market.

The Vietnamese water treatment systems market is poised for remarkable growth, with a projected Compound Annual Growth Rate (CAGR) of 13.68% during the period of 2024 to 2032. This optimistic outlook is underpinned by a combination of critical factors that underscore the sector's burgeoning potential. The expanding industrial sector stands as a pivotal driver, demanding more sophisticated and efficient water treatment solutions to meet its burgeoning needs. Coupled with rapid urbanization, there is an escalating demand for improved water quality for a growing urban population, further stressing the importance of advanced water treatment infrastructures.

Heightened awareness among the Vietnamese population about the risks of waterborne diseases has significantly shifted consumer behavior, leading to an increased demand for home water treatment systems. This awareness is part of a broader concern over rising inadequacies in existing water infrastructure, which struggles to keep pace with the country's growth and the resultant water quality challenges. Additionally, the looming challenges posed by climate change, including increased pollution and water scarcity, have made the need for effective water treatment solutions more critical than ever.

The ongoing research and development (R&D) efforts within the sector also play a crucial role in driving the market forward. Innovations in water treatment technologies, including more efficient filtration methods and sustainable practices. (UV and RO dominate the discussion at present).

For those new to the Vietnam market, the structure of the industry is less structured than many western markets but it works and creates opportunities for companies with good solutions and technology.  The public sector and donor led projects are effective in certain areas and to address some of the needs.  However, most Vietnamese consumers are looking for ways to improve their health and the quality of the water they drink, or bath in, is a big part of that.  Feel free to reach out to discuss things in more detail - if i get enough enquiries we may do some more indepth content on this topic.

The video shows some highlights of the recent VietWater event held over 3 days in Ho Chi Minh City.