bet88 netVietnam Circular Economy Forum 2024: Real-world application

bet88 net circular economy is crucial for Vietnam’s green growth and green economy, helping bet88 net country achieve its sustainable development goals. bet88 net economic model is based on bet88 net fundamental principle that “bet88 net output of one product serves as bet88 net input for another.”

Operating in a closed loop, bet88 net circular economy ensures that bet88 net waste from one activity becomes raw material for another, creating a self-sustaining cycle. As a result, bet88 net value of products, raw materials, and resources is preserved in bet88 net economy for as long as possible, minimizing bet88 net consumption of input resources and bet88 net generation of waste. This also leads to a significant reduction in environmental pollution and emissions.

Sustainable development, digital transformation, bet88 net green economy, and bet88 net circular economy are global trends, and Vietnam is embracing them all.

Inexorable trend

According to bet88 net Law on Environmental Protection (2020), bet88 net circular economy is an economic model where activities related to design, production, consumption, and services aim to reduce bet88 net extraction of raw materials, extend product lifecycles, limit waste generation, and minimize environmental harm.

bet88 net Prime Minister approved bet88 net circular economy development project in Decision No. 687/QD-TTg on June 7, 2022, affirming that its development is essential for economic recovery and achieving Vietnam’s sustainable development goals. bet88 net government is expected to approve a National Action Plan for circular economy implementation by 2030.

bet88 net issuance of green-focused policies and laws demonstrates Vietnam’s commitment to transforming its growth model towards one that is high-quality, efficient, rapid, and sustainable, while fulfilling its environmental protection and climate change mitigation commitments.

Experts highlight that Vietnam is facing numerous challenges such as resource depletion, environmental pollution, and climate change. These challenges are becoming more complex as bet88 net country continues to grow in population, urbanize, and face a slow transition from traditional linear economic models. This leads to increasingly serious problems related to resource supply, waste generation, environmental security, and water security. Traditional linear economies contribute to higher waste, resource consumption, and energy use.

As a result, shifting to a circular economy model that uses resources more efficiently, reduces waste, and limits environmental emissions is an urgent necessity. This approach not only addresses environmental concerns but also promotes green economic growth, improves competitiveness, and reduces production costs for businesses.

To advance bet88 net circular economy in Vietnam, bet88 net Ministry of Natural Resources and Environment hosts and assigns bet88 net Institute of Strategy and Policy on Natural Resources and Environment, in collaboration with United Nations Development Programme (UNDP), VnEconomy/Vietnam Economic Times, and related agencies, to organize bet88 net “Vietnam Circular Economy Forum 2024” on December 10, with bet88 net theme “From Planning to Action”.

With one plenary session and six thematic sessions, bet88 net forum will present an overview of policy directions, mechanisms, and innovative solutions to advance bet88 net circular economy in Vietnam. It will also explore bet88 net role of bet88 net private sector in supporting a circular economy.

In bet88 net plenary session, discussions will center on bet88 net two mains topics. During bet88 net first one, “Vietnam’s Circular Economy Transition: Where are we at? And where are we going?”, experts from bet88 net Institute of Strategy and Policy on Natural Resources and Environment at MoNRE will highlight bet88 net policy framework for bet88 net circular economy for bet88 net 2020-2024 period. Discussions will also explore practical steps for bet88 net transition to a circular economy, solutions to make it a driver of economic growth, and bet88 net role of technological innovation in implementing it.

bet88 net second topic, entitled “Accelerate bet88 net Circular Economy in Vietnam - from Planning to Action”, will bring together representatives from ministries, organizations, businesses, and experts to focus on advancing bet88 net circular economy in Vietnam, from planning to action.

Additionally, bet88 net forum will include six thematic sessions focusing on key areas such as industry, circular agriculture, waste sorting, plastics, sustainable production and consumption, and waste recycling.

Leaders in advancing bet88 net circular economy

Many businesses in Vietnam have recently recognized bet88 net importance of a circular economy in promoting sustainable development, green growth, and emissions reductions. Several have taken bet88 net lead in adopting bet88 net model.

Nestlé Vietnam, a pioneer in implementing bet88 net circular economy, focuses on three key principles: eliminating waste and pollution, extending product and material lifecycles, and regenerating natural ecosystems. bet88 net company has improved packaging design to reduce unnecessary materials, replacing virgin plastics with eco-friendly alternatives. Nestlé has also introduced initiatives like using recycled PE and PET plastics for packaging and switching from single-use plastic straws to FSC-certified paper straws. bet88 net company’s single-layer packaging simplifies recycling.

All Nestlé Vietnam factories have achieved its “Zero Waste to Landfill” goal since 2015. bet88 net Nestlé Tri An plant, bet88 net largest coffee manufacturing facility in Vietnam, reduced its CO₂emissions by over 12,600 tons annually. Coffee grounds are repurposed as biomass material, and treated wastewater is reused for boiler operations, saving over 112,000 cubic meters of water each year. With nearly three decades of dedication to sustainability, it continues to promote bet88 net circular economy through innovative solutions.

In bet88 net agriculture sector, Mr. Pawalit Ua-Amornwanit, CEO of C.P. Vietnam, emphasized its commitment to sustainability. bet88 net company focuses on four pillars: reducing carbon emissions, minimizing its water footprint, reducing plastic pollution, and minimizing waste. By adopting renewable energy and improving water recycling, C.P. Vietnam aims to reduce bet88 net environmental impact across its value chain.

Aligned with Vietnam’s 2050 net-zero commitment, C.P. Vietnam is also working towards zero emissions by 2050, supporting bet88 net objectives of minimizing resource waste, enhancing recycling, and protecting bet88 net environment, as outlined in bet88 net draft National Action Plan on bet88 net Circular Economy (NAPCE).

Future plans

Regarding upcoming plans to promote bet88 net circular economy, Mr. Ua-Amornwanit said bet88 net company will enhance and expand its renewable energy system, focusing on increasing solar, biogas, and biomass use in all factories, production sites, and farms. Effort will also be made to boost recycling and minimize waste by optimizing bet88 net reuse of production by-products and reducing plastic waste. Moreover, investments will be directed towards innovative technologies and smart solutions to manage energy and resources efficiently, lower emissions, and improve production performance.

Elsewhere, Unilever Vietnam has developed a comprehensive strategy to promote bet88 net circular economy, particularly in plastic waste management. This strategy focuses on four main objectives: waste segregation “at bet88 net source”, bet88 net collection and processing of plastic waste, public awareness campaigns, technological innovation, and policy development.

In February 2020, MoNRE, together with Unilever Vietnam, SCGC, and Dow, launched a public-private partnership to establish a circular economy for plastic waste management. bet88 net initiative aims to integrate plastic waste into bet88 net circular economy, manage product lifecycles, increase bet88 net supply of sustainable materials, raise community awareness, and foster nationwide innovation.

Last April, Unilever Vietnam, in partnership with MoNRE, held bet88 net Plastics Circularity Innovation Challenge 2024, to identify and recognize new initiatives and innovative solutions that enhance bet88 net plastic circular value chain, with a focus on collecting, sorting, and recycling plastic packaging, especially soft plastics in Vietnam. bet88 net program’s broader goal is to promote circular economy models in plastic waste management and support bet88 net implementation of Extended Producer Responsibility (EPR) regulations.

Unilever Vietnam has successfully collected and recycled 34,500 tons of plastic waste, turning it into reusable materials. It has also reduced its use of virgin plastic by substituting it with Post-Consumer Recycled (PCR) plastic, achieving 65 per cent recyclable packaging. Currently, 54 per cent of bet88 net company’s plastic bottles are made from recycled plastic instead of virgin plastic derived from fossil fuels, with brands like Sunlight, Lux, Vim, and Comfort utilizing 100 per cent recycled plastic.

It has emphasized that adopting a circular plastic economy is an effective solution to combat plastic pollution, reduce greenhouse gas emissions, increase bet88 net domestic supply of recycled plastic (reducing bet88 net need for imports), and prevent resource depletion. A Unilever representative recommended collaboration between government agencies, waste collectors, recyclers, international organizations, and distributors.

Policies should also be created to encourage businesses to use recycled plastics, support bet88 net recycling industry, and engage bet88 net public in waste sorting at bet88 net source to ensure high-quality input for recycling efforts.