At the "Start-up conference to develop a national plan to implement a circular economy" in June 2022, Minister of Natural Resources and Environment Tran Hong Ha emphasized that circular economy is the solution for sustainable development together with the circular economy. Green economy, low carbon economy.

"Compared with the traditional linear economic model, promoting circular economy actions that contribute to the realization of the commitment to achieve net zero emissions will bring many benefits to the country and businesses" Ha added.

There will be regulations on production liability

Specifically, the circular economy helps to take advantage of used materials instead of consuming processing costs; minimize exploitation and make maximum use of natural resources; reduce waste and emissions into the environment.

 

Minister of Natural Resources and Environment Tran Hong Ha speaking at the opening of the conference. Photo: MONRE.

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Minister of Natural Resources and Environment Tran Hong Ha delivered the opening speech at the conference. Photo: MONRE.

The Ministry of Natural Resources and Environment will promote institutional creation and concretize the provisions of the Law on Environmental Protection, especially those on the responsibilities of manufacturers and distributors in the recall and classification of waste products. , recycle or pay for the disposal of discarded products based on the number of products sold in the market.

In the future, mechanisms and policies will be promulgated, supporting the promotion of the environmental industry, including the recycling industry; promulgating criteria on green public procurement, using products derived from recycled materials, etc.

Vietnam will provide a roadmap to replace fuels and products using hazardous materials and single-use products (plastics, nylon bags) with environmentally friendly fuels and materials. Use repeatedly, prolong the useful life of the product.

At the same time, the Ministry of Natural Resources and Environment will integrate the circular economy into strategies, master plans and plans for the development of urban centers, industrial parks, export processing zones, thermal power centers... according to the circular model, no waste emissions, emissions and waste water.

Political will to net zero emissions

Mr. Bui Trung Nghia, Vice President of the Vietnam Confederation of Commerce and Industry (VCCI) said that achieving the goal of low net emissions towards zero requires both political will and the participation of governments. different socio-economic sectors.

VCCI leaders pointed out that the circular model in enterprises is still limited; capacity and ability to convert is still low; The ability to link to form a supply chain - production is very limited on a national, regional and international scale.

Therefore, in order to promote the transformation of the model, he proposed that the important solution is to continue to strengthen cooperation between the State, the Government and the business community.

The VCCI representative made 5 recommendations in the medium and long term to further strengthen cooperation between the State, the Government and businesses in promoting the circular economy.

The first is to build a mechanism to encourage model transformation. The second is to promote and participate in effective international cooperation in international agreements and commitments on combating climate change and green development.

The third is to focus on building circular economic models in a number of successful industries and fields to serve as a basis for dissemination and replication.

The fourth is to support the approach to public-private partnership investment in order to maximize the resources of stakeholders. Finally, there is the need to invest in improving the capacity and role of business representative organizations.

Speaking at the conference, Mr. Roongrote Rangsiyopash, President and CEO of SCG Group, said that the circular economy requires close cooperation between companies, customers, supply chains and stakeholders. participate in the value chain.

He emphasized that Thai businesses are making efforts to cooperate with public - private organizations in Vietnam to implement many projects in this field. "Our goal is to join hands with partners to develop together towards future sustainability. More than that, I believe this will be an important part towards a larger sustainability goal and net zero carbon emissions in the future," he said.