Vietnam approves circular economy project towards sustainable development

Vietnam develops a circular economy with the view that: Actively developing a circular economy is inevitable, in line with the trend, required to create a breakthrough in economic recovery and realize development goals. sustainable development (SDG). Contributing to promoting economic restructuring in association with renovating the growth model towards modernity, improving competitiveness and ability to proactively adapt and withstand external shocks, realize National strategy on green growth for the period of 2021-2030, with a vision to 2050, ensuring national defense and security.

Circular economy towards sustainable development in Vietnam.

The goal of circular economy development

The overall goal of the Project is to develop a knowledge-based economy in order to create a driving force for innovation and improve labor productivity, contributing to promoting green growth in association with restructuring the economy, renovating the growth model according to towards enhancing efficiency, circular cohesion between enterprises and economic sectors, improving competitiveness and resilience of enterprises and supply chains to external shocks, in order to contribute to achieving economic prosperity, environmental sustainability and social justice; towards a green, carbon-neutral economy and contribute to the goal of limiting global temperature rise.

In order to effectively implement the Circular Economy Development Project, the Government sets a number of specific goals as follows: Firstly, to contribute to concretize the goal of reducing the intensity of greenhouse gas emissions per GDP by at least 15 % in 2030 compared to 2014, towards the net emissions target of “zero” by 2050.

Second, increase awareness and investment interest of domestic and foreign enterprises and investors in the model of the knowledge economy; promoting the application of the THIS model to promote the greening of economic sectors.

By 2025, economic projects will initially be put into practice and bring into play their economic, social, technological and environmental efficiency; contribute to the recovery of renewable resources, reduce energy consumption, increase the share of renewable energy in total primary energy supply, the rate of forest cover, increase the rate of waste recycling, increase strengthen the localization rate of agricultural, forestry and fishery products and export industries. By 2030, eco-economic projects will become the main driving force in reducing primary energy consumption, having self-sufficiency in most or all renewable energy-based energy needs, and in increasing the coverage ratio. forest cover.

Third, build a model of the eco-economy that supports building a green lifestyle, encouraging waste separation and promoting sustainable consumption.

By 2025, reuse, recycle and treat 85% of generated plastic waste; reduce 50% of plastic waste in the sea and ocean compared to the previous period; gradually reduce the production and use of non-degradable plastic bags and disposable plastic products in daily life. Significantly increase the recycling capacity of organic waste in urban and rural areas. Raise awareness of agencies, organizations, businesses, communities and people in the production, consumption and disposal of plastic waste, non-biodegradable plastic bags and disposable plastic products in daily life.

By 2030, the proportion of urban daily-life solid waste collected and treated up to standards and regulations through basic economic models will reach 50%; 100% of urban organic waste and 70% of rural organic waste are recycled; does not give rise to the direct burial of domestic solid waste from the eco-economic models in urban areas; maximize the rate of urban wastewater collected and treated to meet standards and regulations as prescribed in urban areas.

Fourthly, identifying the model of the private economy makes an important contribution to improving the quality of life and people’s resilience to climate change, ensuring equality in conditions and opportunities to promote capacity and improve the quality of life. improve labor productivity and income of workers from the basic economy.

Tasks and solutions to develop circular economy

Integrating the development of the local economy in the socio-economic development of the locality.

One of the specific tasks and solutions of the Project is to propagate and raise awareness about the knowledge-based economy, requirements, policies and development orientations for the contingent of cadres, civil servants and public employees at all levels. business community and citizens. Developing human resources to serve the development of the local economy in specific fields and areas under its authority.

Develop a separate plan for the development of the local economy or integrate the implementation of the development of the local economy in the strategies, master plans and plans for the development of sectors, fields or socio-economic development of the locality.

Research and integrate the development of the local economy into policies, projects on regional linkages, activities to implement Decision 1658/QD-TTg dated October 1, 2021 of the Prime Minister approving the National Strategy on Growth green period 2021 – 2030, vision to 2050.

Strengthen research, develop plans and roadmaps to collect, use, and analyze information to support comprehensive and harmonized applications and information technology and communication solutions associated with the knowledge-based economy model.

Strengthen public-private dialogue on the development of the knowledge economy.

Another specific task and solution of the Project is to actively discuss with foreign donors and international organizations to seek opportunities to access knowledge, skills and resources for the development of the knowledge economy through the project. specific pilot projects on the mathematical economy, projects on technology and services (information technology, environment…) that are friendly with the mathematical economy.

Strengthen public-private dialogue on the development of the knowledge economy, on the basis of promoting the social responsibility of enterprises; find out and grasp the needs and problems of enterprises, thereby taking appropriate measures to remove and support or propose competent authorities to consider, remove and support at an appropriate level.

Review and complete the policy and legal framework to create conditions for the development of the knowledge economy. Research and review the current status of the development of the knowledge economy in a number of priority areas/can be piloted soon.

There are mechanisms and policies to attract and use investment and human resource development in the development of the knowledge economy. Completing the mechanism for industrial development and environmental services.

Vietnam has concretized its view on the circular economy in the Document of the 13th Party Congress, which defines the development of roadmaps, mechanisms, policies and laws to form and operate the economic model. cyclic. This circular economy thinking is also integrated in green public spending programs and plans; extended manufacturer’s liability; environmental industry development; environmental services…

Shifting from a linear economy to a circular economy is a global trend and Vietnam is not an exception to that trend. That is the best way to deal with the relationship between economic growth and the negative effects on resource depletion, pollution and environmental degradation, or in other words, no longer having to trade-off between development and environmental degradation. economic and environmental protection, simultaneously realizing many goals of sustainable development.

Ta Nhi


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