Conference sheds light on national circular economy network

The Ministry of Natural Resources and Environment on October 6 held a conference regarding the policy consultation for and introduction of the national circular economy network.

Participants discussed and contributed ideas to a draft decree on implementing circular economy according to Article 142 under the 2020 Law on Environmental Protection, which is set to come into force on January 1, 2022. They shared related world’s lessons as well as the experience of connecting and applying the circular economy in real life.

Deputy Minister of Natural Resources and Environment Vo Tuan Nhan said the socio-economic development strategy for the 2021-2030 period with a vision to 2045 has affirmed that encouraging the development of a circular economy model is for the integrated and efficient use of the production process’ output.

According to Nhan, the ministry is in charge of working with relevant agencies to build the draft decree, which covers regulations on roadmap criteria and incentive mechanisms for the application of the model.

The national circular economy network, which was introduced at the event, has been built under cooperation between the ministry and the United Nations Development Programme (UNDP) and the embassies of the Netherlands, Norway, and Finland in Vietnam.

UNDP Resident Representative in Vietnam Terence D. Jones a.i. said the network acts as a bridge between existing initiatives and stakeholders in Vietnam and around the world. It includes an electronic portal in English and Vietnamese, training courses and seminars, among other activities to strengthen dialogue, develop methods and mobilise actions towards the circular economy transition.

Nhan believed the network will develop quickly in contribution to completing the institution and policy on circular economy and boosting Vietnam’s practical and effective transition.

He called on the local business community to actively take part in the process, helping Vietnam realise its sustainable development goals set for 2030.