Circular economy plays important role in net-zero plan
Promoting a circular economy that contributes to the country’s net-zero commitment will bring many benefits to Vietnam and businesses. VietNamNet would like to introduce the viewpoint of Nguyen Dinh Dap, PhD, from the Vietnam Academy of Social Sciences (VASS).
Circular economy can help reduce business overproduction and resource scarcity, create sources for investment, hasten technology innovation, reduce production costs, and increase supply chains. The society will benefit from reduced costs in management, environmental protection and response to climate change, while new markets and job opportunities will be created, and people’s health will improve.
However, the transition from a linear economic model to a circular economy will initially encounter certain difficulties, especially when Vietnam still lacks policies to promote the circular economy, and resources remain limited.
Nguyen Dinh Dap
