Vietnam, UNIDO launch project to speed up low-carbon circular economy

23 Dec '23

1 min read

Pic: Socialist Republic of VietNam

Insights

Vietnam's Institute of Strategy and Policy on Natural Resources and Environment and UNIDO have launched a project to accelerate low-carbon circular economy through clean technology innovation.
With an investment capital of over $11 million, the project is being financed by the Global Environment Facility, the Vietnamese government and other partners.

Vietnam’s Institute of Strategy and Policy on Natural Resources and Environment under the ministry of natural resources and environment and the UN Industrial Development Organisation (UNIDO) have launched a project to accelerate low-carbon circular economy through clean technology innovation, leading to sustainable development.

With an investment capital of over $11 million, the project is being financed by the Global Environment Facility (GEF), the Vietnamese government and other partners.

The project aims at sustainable and inclusive development in priority sectors in the country, and integrate renewable energy, energy efficiency and waste management, according to domestic media reports.

Approved by the prime minister on June 7 last year, the plan on developing the circular economy in Vietnam identifies circular economy development as inevitable, matching the global trend and the requirement for making breakthroughs in economic recovery and realisation of the UN Sustainable Development Goals.

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