Transformation to Circular Economy in Vietnam
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Abstract
Discusses the circular economy in Vietnam. Vietnam's Law on Environmental Protection 2020 defines a circular economy as a model aimed at reducing raw materials, extending product life, reducing waste generation, and minimizing environmental impacts. To implement a circular economy, measures include refusing harmful products, repair, reuse, remanufacture, and reducing resource consumption. The public sector and stakeholders across industries play vital roles in creating a circular ecosystem. Digital technologies like mobile tech, big data analytics, and 3D printing can promote circular economy practices. Vietnam's policies and legal framework for the circular economy consist of government policies, strategies, and legal provisions. Several initiatives and models exist, but some face sustainability challenges. Recommendations for promoting the circular economy in Vietnam include establishing a comprehensive legal system, creating a national action plan involving businesses and all stakeholders, and fostering collaboration with Japan for sharing experiences and best practices.