PRO Vietnam's representative stated it is urgent to evaluating projects and other pilot models on waste collection and recycling from now to 2024 to choose the right one to be replicated, aiming at implementing the EPR policy tool.
The Environmental Protection Law 2020 introduces a new perspective on solid waste management as polluter-pays principle, reflected in policy instruments such as extended producer responsibility (EPR), waste charge by volume.
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According to Phan Tuan Hung, director of the Legal Department under the Ministry of Natural Resources and Environment, the contribution fee for the collection, recycling and treatment of hazardous waste is mandatory for the purpose of encouraging businesses to adjust their product design as well as their production and business methods toward an environmentally beneficial direction.
Extended producer responsibility (EPR) and carbon credits are market-based environmental protection tools that put financial returns as the engine for sustainable change.
2022 marks the first year the revised Law on Environmental Protection (LEP) 2020 came into effect, and also the first year Vietnam has lots of drastic actions to realise its commitments to bring net emissions to zero at COP26.
The success of deposit-return system operation in some European countries recommends that Vietnam can apply the model to boost the circular economy in the future, especially when the informal waste collection workforce reduce.
Vietnamese businesses has prepared for Extended Producer Responsibility (EPR) implementation very early, even before when the Law on Environmental Protection 2020 was approved.
Consumers need to use their power in making purchasing decisions to express their attitudes towards businesses that are irresponsible to the environment, thereby creating pressure to promote sustainable production and consumption.
According to Eric Sidgwick, ADB Country Director, Vietnam should adapt to recent changes to achieve a robust and environmentally friendly growth model.
The imposition of both environmental protection tax (EPT) and excise tax on "all types of petroleum products" is not reasonable.
The Authority of Planning and Investment of Binh Thuan province (the Authority) highly emphasized that the exploitation of titanium ore must aim at a sustainable development to link socio-economic efficiency with environmental protection.
The environmental protection tax on plastic bags are expected to increase from VND30,000-50,000 to VND40,000-200,000 per kilo. The new tax rates would help change consumption habits and offer opportunities to biodegradable bag manufacturers.
Vietnam will face grave consequences if it does not take strict action against pollution while striving to achieve the goal of 7% annual economic growth and power sector's 11% annual growth.
