Ongoing fine-tuning is required to ensure that the extended producer responsibility (EPR) policies Vietnam has introduced are operating efficiently and transparently.
The initiative combines a renewed five-year partnership with a national innovation competition designed to help promising solutions move from concept to commercial implementation in Vietnam’s growing circular economy.
Experts believe a circular economy is among the effective solutions for sustainable development, especially for climate change resilience and adaptation.
At the 5th National Environment Conference, held by the Ministry of Natural Resources and Environment on August 4, Deputy Prime Minister Le Van Thanh emphasized that having a green economy, a circular economy, and a low carbon economy is the best way to ensure sustainable economic development, and that the environment would not be sacrificed for growth.
Vietnam’s southern region, which is to take the lead in renewing the country’s economic growth model, will pilot the development of the green economy and the circular economy. The region’s greatest challenges are capital and institutions. To develop the green economy in Vietnam in general and in the southern region in particular, it is necessary to develop a law on the circular economy.