Update news circular economy
To embrace the circular economy and meet consumer demand, many companies in Viet Nam have started using cage-free eggs in their production, experts have said.
The circular economy and organic agriculture are being adopted by many enterprises. Agricultural waste is now being re-used in farming.
The animal husbandry industry, valued at $23.7 billion, is still struggling with the question of the circular economy. Its by-products, 75 million tons per annum, are being wasted.
A scientific seminar titled “Green solutions for circular economy and waste management: Nordic experiences and policy implications for Vietnam” was held in Hanoi on March 23.
Vietnam can take part in the European Circular Economy Stakeholder Platform (ECESP) to make use of Europe’s initiatives and experience in this regard, according to ECESP Vice President Cillian Lohan.
While the circular economy has become a trend in developed economies, it could also be implemented to develop Vietnam if there is an appropriate legal and policy corridor, said experts.
The transition towards a circular economy (CE) offers 4.5 trillion USD in economic opportunities globally by reducing waste, stimulating innovation, and creating employment, according to Ramla Khalidi, Resident Representative of UNDP in Vietnam.
Exports to the EU market will become more expensive unless enterprises implement greenhouse gas emission cuts. This will affect the competitiveness of many Vietnamese export companies.
If 1 million by-products in the seafood industry were processed into valuable products, they would bring in US$4-5 billion. Vietnam produces 160 million tons of by-products a year.
Unilever Vietnam's "Clean Future" program aims to develop green products from the inside out through environmentally friendly formulas and packaging, which help reduce greenhouse gas emissions.
Deputy Prime Minister Le Minh Khai signed Decision No.687/QD-TTg on June 7 approving the circular economy development scheme and setting some ambitious targets.
Agricultural by-products are called the "gold mine" of the Vietnam agricultural industry with up to 156 million tons per year. But these lucrative sources have been neglected for many years.
How to treat used face masks is a new problem emerging during the fight against the Covid-19 pandemic.
Only 2,000 out of 800,000 businesses have joined the Vietnam Business Council for Sustainable Development, according to the Vietnam Chamber of Commerce and Industry (VCCI).
Minister of Natural Resources and Environment Tran Hong Ha on January 27 emphasised the importance of a circular economy
Vietnam jumped five spots to reach 49th position in the world for sustainable development in 2020 on the UN Sustainable Development Solutions Network, partly thanks to the efforts of local businesses