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.
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 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.
The objective of the project is to facilitate collaboration between consumers, waste pickers, recyclers, and local authorities to pilot the new and innovative approach of circular economy for plastic waste.
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.
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.
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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.
The transition towards a circular economy offers $4.5 trillion in economic opportunities globally by reducing waste, stimulating innovation, and creating employment, according to UNDP's representative.
Over recent years, lots of initiatives related to waste classification and collection based on smartphone applications have been developed in Vietnam, aiming at increasing the efficiency of this activity.
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.
Many labor-intensive manufacturers in Vietnam are looking to improve their internal working regulations (IWR) in a lean approach with a view to reducing waste while maintaining or even increasing values.
Zero emissions, zero waste, and zero inequality are what make Verena Siow, president and managing director of SAP Southeast Asia proud of the development journey of the German software giant over the past 50 years.
