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Summary

8 COVER STORY
26 OP EDS
Circular economy a step forward

in sustainable development Green transformation,
digital transformation,
T ransitioning from a linear, resource-intensive economy circular economic transformation
to developing under a circular economic model is an
appropriate approach in Vietnam resolving emerging
challenges and achieving sustainable development. The for sustainable development
Vietnam Circular Economy Forum 2023, with the theme
“Developing a National Action Plan to Implement a Circular
Economy”, was organized by the Ministry of Natural
Resources and Environment on November 16 to implement
major orientations and policies from the Party and State on
promoting a circular economy in Vietnam while determining
a roadmap, promoting public-private cooperation, and M anaging, allocating, and effectively using land and
mobilizing bilateral and multilateral resources from resources, protecting the environment, proactively
international organizations and the business community to responding to climate change, and mitigating natural
effectively implement the National Action Plan to Implement disasters are urgent requirements in promoting Vietnam’s
a Circular Economy. sustainable development and receives full attention from the
Party and the State. Managing, exploiting, and using natural
resources economically and effectively, protecting the
14 COVER STORY environment, and responding to climate change are goals and
content within sustainable development. Green
Efforts to promote a transformation, digital transformation, and circular economic
transformation are challenges and opportunities for Vietnam
circular economy to develop sustainably and achieve its goal of becoming a
developed, high-income country by 2045.

D eveloping under a circular economy model and a green 35 PROPERTY
economy is the direction chosen by many countries to
achieve sustainable development. In Vietnam, the
Ministry of Natural Resources and Environment has
developed a draft National Action Plan to Implement a Behind rising
Circular Economy and is seeking comments from ministries,
branches, localities, and the business community. Rather than
previous economic activities, which consumed a lot of real estate prices
resources and posed a high risk of pollution, Vietnam could
create new, highly-efficient value-added chains, harmonizing
relations between the economy and environmental protection
and contributing to the implementation of commitments on
net-zero emissions by 2050. Within the framework of the
Vietnam Circular Economy Forum 2023, domestic and
international experts shared their experience and offered
A (VARS), real estate prices have increased dozens of
solutions to promote a circular economy in Vietnam. ccording to the Vietnam Association of Realtors

times over the past decade, creating more difficulties
for the market and hindering the implementation of social
security goals. VARS believes that low interest rates and
record high inflation are factors contributing to the sharp
increase in house prices, but the core of the problem is
falling supply. Many analysts have said that housing prices
will continue to increase in 2024 but not a great deal, due
to the effect of drastic solutions to remove difficulties facing
the market; The supply side also has better access to credit.
To increase access to safe housing at reasonable prices for
people amid population growth and urbanization, it is
necessary to resolve the most important factor in rising real
estate prices - a lack of supply due to land not being used
optimally. It is also necessary to use tools to regulate supply
and demand for the market to develop sustainably.

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