Conference sheds light on national circular economy network
The Ministry of Natural Resources and Environment on October 6 held a conference regarding the policy consultation for and introduction of the national circular economy network.
Deputy Minister of Natural Resources and Environment Vo Tuan Nhan speaks at the event (Source: baotainguyenmoitruong.vn)
Hanoi (VNA) - The Ministry of Natural Resourcesand Environment on October 6 held a conference regarding the policy consultation forand introduction of the national circular economy network.
Participants discussed and contributed ideas to adraft decree on implementing circular economy according to Article 142 underthe 2020 Law on Environmental Protection, which is set to come into force onJanuary 1, 2022. They shared related world’s lessons as well as the experienceof connecting and applying the circular economy in real life.
Addressing the conference, Deputy Minister of NaturalResources and Environment Vo Tuan Nhan said the socio-economic developmentstrategy for the 2021-2030 period with a vision to 2045 has affirmed that encouragingthe development of a circular economy model is for the integrated and efficientuse of the production process’ output.
According to Nhan, the ministry is in charge of working withrelevant agencies to build the draft decree, which covers regulations on roadmapcriteria and incentive mechanisms for the application of the model.
The national circular economy network, which was introducedat the event, has been built under cooperation between the ministry and the UnitedNations Development Programme (UNDP) and the embassies of the Netherlands,Norway, and Finland in Vietnam.
UNDP Resident Representative in Vietnam Terence D. Jones a.i. saidthe network acts as a bridge between existing initiatives and stakeholders inVietnam and around the world. It includes an electronic portal in English andVietnamese, training courses and seminars, among other activities to strengthendialogue, develop methods and mobilise actions towards the circular economytransition.
Nhan said he believes the network will develop quickly incontribution to completing the institution and policy on circular economy andboosting Vietnam’s practical and effective transition.
He called on the local business community to actively takepart in the process, helping Vietnam realise its sustainable development goalsset for 2030./.
Vietnam is working to shift from a linear economy to a circular economy based on the three pillars of designing and prolonging material lifespan, reducing waste and emissions, and restoring the ecological system, Minister of Natural Resources and Environment Tran Hong Ha has said.
Ambassador Le Thi Tuyet Mai highlighted Vietnam’s wish to learn from developed countries’ experience in operating a circular economy and developing sustainably while addressing a recent virtual meeting of the World Trade Organisation (WTO).
As people are increasingly aware of environmental protection, the Government has identified development of low-carbon economy and circular economy as a top priority, contributing to shifting the economic structure into a more sustainable fashion, according to Minister of Natural Resources and Environment Tran Hong Ha.
China’s Laoling city, in coordination with VINEXAD, hosted a series of events in Ho Chi Minh City from August 7-9 to seek trade and economic cooperation with Vietnam.
Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Deputy Minister of Natural Resources and Environment Vo Tuan Nhan speaks at the event (Source: baotainguyenmoitruong.vn) 
