Chủ đề: Circular economy

The circular economy model has become a sound alternative to the linear model at this point in time, helping overcome rising resources use and supply disruptions while limiting waste that negatively affects the environment. According to analysts, the concept of a “circular economy”, which was included in the Law on Environmental Protection in 2020, is a breakthrough in Vietnam’s environmental policy.

Many businesses are not interested in converting to the circular economy model. The interaction of one enterprise with another is still quite weak. It is time for the new economic model to have clearer legal regulations to realize the goal of sustainable production and consumption.

The “Vietnam National Circular Economy Network” announced on October 6 by the United Nations Development Program (UNDP) in cooperation with the Ministry of Natural Resources and Environment (MoNRE) will give Vietnam the opportunity to promote a sustainable economy, reduce environmental pollution, help businesses take shortcuts, and contribute to bringing Vietnam out of the middle-income trap.