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Vietnam’s Circular Economy Hub

Attended by more than 200 people from different businesses and other organizations of Vietnam. 

Vietnam's Economic Hub
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Hanoi, 7 October 2021 (GNP): The application “ Vietnam’s circular economy hub “ was discussed in online and live workshops which were attended by more than 200 people from different businesses and other organizations of Vietnam. 

The basic motive of CEHUB is to raise awareness among agencies regarding the adoption of CE principles. This workshop helped people understand the advantages of the movement of Vietnam’s economy to a circular form and convince the masses towards CE. 

Terence D. Jones, UNDP Vietnam Resident Representative says that the adoption of CE should be fair and provide a path for the social and economic development of the country by investing in education. According to Jones, this CE will help people to conform to international standards. 

This CE will help in the improvement of institutions and policies said MoNRE deputy minister to Tuan Nhan. The Vietnamese business community was also called to propose models and help Vietnam achieve its sustainable development goals. 

In the Reviewed Rule on Environmental Protection adopted by the National Assembly in 2020, circular economy (CE) plays a significant role, demarcated as an economic model in which making and depletion are meant to reduce the mistreatment of natural resources, limit waste release, and spread product lifecycle. 

Stabbing to the model, the Ministry of Natural Resources and Environment (MoNRE) has worked on the issue with approved agencies and partners to lessen environmental effects for Vietnam’s supportable expansion, conferring to Mai The Toan, deputy head of the ministry’s Institute of Strategy and Policy on Natural Resources and Environment (ISPONRE). 

ISPONRE hopes the path onward would help progress people’s awareness of CE and make changes thanks to changing mindset of people involved, Toan said at the discussion workshop, which was mutually held by MoNRE and the United Nations Development Programme (UNDP).

Toan suggested that To prepare for a National Action Plan that is expected to release in December 2023, we have paid much importance to the broader engagement of different participants who are common people, businesses, and the government 

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