The circular economy is an alternative to traditional linear economies, where people take resources, make things, consume them and throw them away. This way of living uses up finite raw materials and produces vast quantities of waste.
Source separation of waste is seen as core solution in the circular economy application, and has been applied by countries having high recycling rates.
The Asian Development Bank (ADB) and Binh Duong Water Environment Joint Stock Company (BIWASE) signed a $13 million loan to finance the construction and operation of a composting plant, and waste-to-energy (WTE) facility in Binh Duong province.
While Vietnam’s 93 million people are generating 1.2 kg of solid waste each per day, with about 16 per cent of this being plastic waste finding its way into waterways and the sea, Finland is seeing them as a valuable resource.
