Promoting circular economy development

Circular economic development is considered a method to harmoniously resolve the relationship between economic growth and development and environmental protection

Mobilizing resources to implement circular economy

Circular economic development has soon received attention, direction and unified direction from the Party and State in many documents such as the 10-year Socio-Economic Development Strategy 2021-2030 and many specialized resolutions issued by the Central Government on energy, industrialization, modernization, urbanization, agriculture, rural areas, farmers, sustainable development of socio-economic regions, resource management, environmental protection and response to climate change.

The circular economic development project has been issued, and the circular economy has been gradually integrated into strategies, programs, projects, planning and development plans of sectors, fields and localities. The Law on Environmental Protection has institutionalized the circular economy, providing regulations on criteria, measures, responsibilities and incentive mechanisms for implementing the circular economy.

In practice, a number of sectors, fields, localities, enterprises and cooperatives have taken initiatives and proactively applied measures to implement the circular economy in management, production, business and service activities.

In addition to the results, the development of the circular economy still has many limitations, is spontaneous, lacks synchronization, and fails to meet the requirements set forth in the context of limited, degraded and exhausted national resources; lack of sources of raw materials, fuels and materials; increasing waste; environmental degradation, biodiversity loss, and the continued increase in the impact of climate change.

On January 23, 2025, the Government issued a decision to promulgate the National Action Plan to implement the circular economy by 2035.

The general objective of the Plan is to form a sustainable production and consumption structure system, effectively use the value of natural resources, maximize the use of used raw materials and materials, limit waste generation and reduce negative impacts on the environment; strongly develop circular economic models in production and business; create motivation for innovation and improve labor productivity; develop good practices, create a green culture and lifestyle, promote green job creation and develop new value chains in the circular economy sector.

The Plan aims to reduce the exploitation and use of non-renewable resources and water resources by 2030; increase the efficiency of using resources, raw materials and materials; save energy, strive to achieve targets on efficient use of resources (land, water, minerals) equivalent to leading ASEAN countries.

The capacity of power plants from biomass and solid waste sources by 2030 is expected 2,270 MW, equivalent to 1.5% of the total capacity of power plants. The proportion of renewable energy in total primary energy is expected to reach 47%, striving to achieve a savings rate of 8-10% of total national energy consumption.

Extend the use time of materials, equipment, products, goods, components, and structures; limit waste generation and minimize negative impacts on the environment: The rate of collected and treated solid waste in urban areas is expected to reach 95%; the rate of collected and treated solid waste in rural areas is expected to reach 80%; the rate of treated solid waste by direct burial compared to the amount of collected waste is expected decrease by less than 50%.

At the same time, the province will focus on enhancing the economic aspect, increasing benefits, promoting innovation and mobilizing resources in implementing the circular economy.

Models of efficient use of natural resources, reuse and recycling of waste, production and business models applying the circular economy are built, replicated and developed appropriately for each industry, field, region and at each level; forming and developing new, sustainable value chains associated with high added value, creating many new jobs through the application of the circular economy; strongly attracting resources from green credit, green bonds and other legal resources for investment projects in developing the circular economy.

By 2035, realizing an inclusive circular economy associated with innovation, creativity, high competitiveness, economic prosperity, environmental sustainability and social equity; Vietnam becomes one of the innovation centers, providing technology, equipment, products, services and mobilizing investment capital for the circular economy in the ASEAN Economic Community (AEC).

Contribute to the successful implementation of goals and targets on efficient use of resources, environmental protection, response to climate change and sustainable development by 2035 and the following stages in Party documents, strategies, policies and laws of the State.

Completing standards and regulations

One of the tasks and solutions of the Plan is to raise awareness, knowledge, skills and develop good practices on implementing circular economy, including communication, training, dissemination of knowledge and laws on implementing circular economy; integrating educational content on circular economy into educational programs at all levels and grades; building and operating a platform to connect information and share data on applying circular economy models.

Building and perfecting institutions and policies, improving the effectiveness and efficiency of state management on implementing circular economy. Organizing the development and promulgation of action plans, integrating circular economy into strategies, planning, plans, programs, development projects, waste management of ministries, ministerial-level agencies and localities. Completing legal regulations, standards and technical regulations to encourage the implementation of circular economy.

The plan also sets out the task of supporting the application of circular economy in production, business and consumption activities. In particular, supporting the implementation of ecological design to meet the criteria of circular economy; supporting the application and development of circular economic models in production and business.

Promoting innovation, applying digital technology, environmentally friendly technology, and the best available techniques to implement circular economy; supporting the formation and development of markets for goods and services related to circular economy. Promoting the implementation of circular economy in consumption activities, ensuring the rights of consumers. Strengthening waste management to implement circular economy. In particular, piloting, replicating and developing waste management models towards circular economy; promoting investment, supporting waste management to implement circular economy.

According to the Plan, sectors prioritize implementing circular economy by 2035 include: Agriculture, forestry and fisheries; energy; mineral exploitation and mineral processing; processing and manufacturing industry; chemicals; construction; transportation; services and tourism; waste management; development of urban areas, concentrated residential areas; industrial parks, industrial clusters, concentrated production, business and service areas.

From the above plan of the Government, the province is developing a plan to deploy and implement locally. In economic development in Long An, provincial leaders regularly affirm that, along with economic development, the province is always consistent with the motto of sustainable development, absolutely not trading off the environment for economic growth.

"Accordingly, the province focuses on implementing environmental protection measures and solutions, encouraging and prioritizing production development with modern equipment and technology, minimizing negative impacts on the environment" - Deputy Director of the Department of Agriculture and Environment - Nguyen Tan Thuan said./.

By Vu Quang - Translated by Q. Thien

Source: https://baolongan.vn/thuc-day-phat-trien-kinh-te-tuan-hoan-a191393.html