Syre, a subsidiary of H&M Group, intends to build a polyester fiber recycling plant in Vietnam, with an investment ranging from $700 million to $1 billion.
Masan wants to focus on optimizing its domestic operations while the tungsten recycling strategy is limited by regulatory.
Instead of importing scrap, a Vietnamese business is taking advantage of local waste, recycling it right in the country to produce high-quality products and then, to sell to the big market US and Europe.
Craig Richard Bradshaw, CEO of Masan High-Tech Materials, shares the company’s ambition to turn Vietnam into the world's leading supplier of high-quality tungsten.
Vietcycle want to connect and support more scrap collectors, and even create their own representative organization that can ensure their legal rights like other professions.
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 adoption of environmental, social and governance (ESG) criteria in private enterprises is a driver of innovation and new opportunities, creating long-term value for business and society.
Shifting to green economy and green growth will help businesses increase their competitiveness and catch up with trends on the domestic and foreign markets.
As more consumers become aware of environment safety and the concept of circular economy becoming more influential in Vietnam, enterprises need to switch to packaging that meets sustainability requirements and is easily recyclable to stay competitive.
Dairy businesses in Vietnam are pioneering in applying circular economy solutions on their progresses.
Leaders can keep in mind that consumer power can scale change, and it is need to make sustainable choices easier for consumers.
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.
Developing a modern, standard waste collection, recycling and treatment system is key requirement to effectively implementing the EPR tool, helping businesses save on the cost.
Taking place in Ho Chi Minh City until March 2023, the project aims to recycle 3000 tonnes of cartons recovered from the environment by around 200 informal waste collectors.
