Vietnam rejects waste imports to ease port congestion

Vietnam is no longer accepting imports of paper and plastic scrap because its main marine terminals are congested, largely due to waste exporters seeking new markets because of the Chinese ban on such goods.

US exports of waste to Vietnam in the first quarter surged 277% to 11,066 TEUs after a 240% jump in US waste exports to the country in 2017. Vietnam’s market share of these banned wastes rose 3.8 points to 4.8% in the quarter.

As of June 15, the terminals will only discharge containers of paper scrap from vessels if accompanied by valid import permits and written date commitments to pick up cargo. From June 25 to October 15, the terminals will not accept any plastic scrap.

India is the No. 2 market for US exports of the banned waste where volume rose 208% in the 1st quarter to 49,909 TEUs, lifting India’s market share 16.2 points to 21.7%.
Followed by Indonesia, where volume rose 320% in the quarter to 12,265 TEUs, while Vietnam is the No. 4 destination.

(JOC)