Financial and economic evaluation of construction and demolition waste recycling in Hanoi, Vietnam

•Potentials of stationary and mobile concrete recycling plants in Hanoi are evaluated.•Financial and socio-environmental costs and benefits are calculated.•Demand for recycled concrete exceeds waste concrete supply, indicating a promising market.•The stationary plant is more financially attractive than the mobile plant.•The mobile plant is viable if externalities are factored in. Increasing waste generation and the absence of a formal recycling industry are exacerbating the inadequacy of Construction and Demolition Waste (CDW) management in Hanoi, Vietnam. This study assesses potential CDW recycling in Hanoi by estimating the prospective supply of and demand for CDW recycling plants and evaluating their likely costs and benefits. Supply of concrete waste was calculated based on the weight-per-construction-area method whilst demand for recycled concrete aggregates (RCA) was determined by estimating the amount of aggregates for road construction in Hanoi from 2013 to 2017. Two potential models of CDW recycling plants were considered: a stationary plant and a mobile plant, with capacities of 1,000 and 360 tons/day, respectively. Our findings reveal that demand for RCA exceeds waste concrete supply, suggesting a promising market for RCA. Positive Net Present Value and Internal Rate of Return values of the stationary plant indicate its feasibility as an investment option. Meanwhile, the introduction of mobile recycling plants might require governmental intervention to internalize recycling positive externalities. Supporting policies might include a combination of a virgin material tax, green public procurement, and quality standard development.