The plan covers sectors like energy, manufacturing and processing, chemicals, transport, waste management, urban areas and residential zones, industrial parks and clusters, and concentrated production, trade and service zones.
The aims is to set up a sustainable production and consumption system that optimises the use of natural resources while reusing materials to their fullest potential.
By minimising waste generation and reducing negative impact on the environment, Vietnam will promote robust circular economy models in production and trade, a domestic news agency reported.
The plan also aims at driving innovation, enhancing labour productivity, encouraging green practices, fostering a culture of sustainability, generating green jobs and developing new value chains within the circular economy.
The country is committed to reducing the extraction and use of non-renewable and water resources between now and 2030, while simultaneously enhancing the efficiency of resource, material and energy usage.
The plan aims to achieve land, water and mineral resource efficiency levels that rival those of leading members of the Association of Southeast Asian Nations (ASEAN).
Biomass and solid waste-based power plants are expected to reach a capacity of 2,270 MW, or 1.5 per cent of the country’s total power generation. Renewable energy is set to make up at least 47 per cent of the total primary energy, while national energy consumption is targeted to decrease by 8-10 per cent.
It aims for 95 per cent of solid household waste in urban areas and 80 per cent in rural areas to be collected and treated, with less than 50 per cent of this waste going directly to landfill.
By 2035, Vietnam envisions an inclusive circular economy that blends innovation, high competitiveness, economic prosperity, environmental sustainability and social equity.
The target is to position the country as a leading hub for innovation within the ASEAN Economic Community (AEC), attracting investment and providing cutting-edge technologies, equipment, and services that support circular economy practices.
Fibre2Fashion News Desk (DS)