Page 14 - V.E.T 349

SPECIAL REPORT

PHOTO: VIET TUAN
Essential measure

Developing a circular economy is the most suitable approach for Vietnam
to achieve its sustainable development and green development goals.
| By PHUONG NHI

eputy Prime Minister Tran Hong National Party Congress, issued together mination to tackle global challenges and
Ha told the Vietnam Circular Econ- with the Socio-Economic Development align its economic development with inter-
D omy Forum 2023, with the theme Strategy for the 2021-2030 period and national standards.
“Developing a National Action Plan to Imple- vision to 2045, affirms encouragement for According to Ms. Ramla Khalidi, UNDP
ment a Circular Economy” and held by the developing a circular economy model to Resident Representative in Vietnam, the
Ministry of Natural Resources and Envi- utilize the synthesis and efficiency of pro- country’s commitment to building a circular
ronment (MoNRE), that a circular economy duction processes. “Developing a circular economy is not only a smart way to deal
seemed a distant notion just five years ago economy is a central solution to innovate with environmental problems but is also
but is now considered a solution and major the economic model, enhance growth a key means for the country to achieve its
step forward in Vietnam’s sustainable devel- quality, improve national competitiveness, COP26 ambitions. This promise is in line
opment journey. “We have no other path ensure sustainable production and con- with the three main ideas in the Law on
than to move towards sustainable develop- sumption, and contribute to the harmo- Environmental Protection 2022, which are
ment, in which the circular economy is a nious relationship between the economy important to the circular economy: using
significant milestone,” the Deputy Prime and the environment,” Deputy Minister resources wisely, making products last
Minister emphasized. of Natural Resources and the Environment longer, and causing as little damage to
Vo Tuan Nhan told the Forum. the environment as possible. “By promoting
ECONOMIC AND To promote the development of a cir- a circular economy, Vietnam is actively
ENVIRONMENTAL HARMONY cular economy, the Vietnamese Govern- reducing and making the best use of the
Initiatives such as a green economy, a ment has developed a draft National Action resources it has at its disposal,” Ms. Khalidi
low-carbon economy, and a circular econ- Plan for a Circular Economy to 2050, to highlighted in her remarks to the Forum.
omy are all part of global efforts to address act as a pathway to implementing its Moreover, recycling, reusing, and refur-
challenges such as resource depletion, Nationally Determined Contribution bishing programs make sure that fewer
environmental degradation, and the towards the net-zero emissions target by resources are needed, which lowers the
increasing impact of climate change. In 2050. It represents the collective effort of emissions that come from extracting and
Vietnam, the resolution from the 13th all sectors and reflects Vietnam’s deter- handling natural resources. This directly

20 | VIETNAM ECONOMIC TIMES | DECEMBER 2023 en.vneconomy.vn