Online ISSN: 2515-8260

Keywords : Circular Economy

The Development Of Circular Economy In Some Countries And Valuable References For Vietnam

Nguyen Quoc Dung; Nguyen Hoang Phuong; Dang Quang Dinh; Nguyen Trong Binh

European Journal of Molecular & Clinical Medicine, 2020, Volume 7, Issue 3, Pages 5739-5745

Global economic growth has made great achievements, but with it the shortage of natural resources and increasing environmental pollution. To overcome these problems, countries in the world, including Vietnam, are moving towards a circular economic development in order to solve the challenge between economic growth and environmental protection. The circular economy is an economic model in which all activities from design, production to service delivery move towards reusing matter and eliminating negative environmental impacts. Vietnam is one of the countries with many efforts and achievements in the process of sustainable development. However, Vietnam is also facing an increasing amount of generated waste while the source of raw materials, fossil fuels is increasingly exhausted. In addition, most Vietnamese enterprises have outdated and outdated technology, small production scale and lack of resources to invest in recycling technology. Therefore, the selection of a circular economy is an indispensable requirement to overcome the limitations of the traditional growth model, associated with rapid, sustainable development, energy saving and environmental protection. However, the circular economy also requires strict conditions in terms of institutions and resources. Therefore, the study of the experiences of the previous countries, points out the difficulties and advantages, thereby shines into Vietnam, determines the conditions for the transition to a circular economy.