Circular economy practices are believed to have substantial benefits for the sustainable development of enterprises (Photo: VNA)
Hanoi (VNA) – A breakout session on circulareconomy was held on September 24 as part of the Vietnam CorporateSustainability Forum 2020.
The event, organised by the Vietnam BusinessCouncil for Sustainable Development (VBCSD) under the Vietnam Chamber ofCommerce and Industry (VCCI) and the Green Growth Sector Committee of EuroCham,was attended by about 100 delegates in person and over 300 others online.
Opening the workshop, VCCI Chairman and VBCSDCo-Chairman Vu Tien Loc said the transition to a circular economy will helpguarantee the security of raw material supply, respond to climate change,promote innovation, enhance competitiveness, and create new job opportunities.
Encouraging Vietnamese businesses to adoptcircular economy practices is one of the key priorities of the VBCSD-VCCI, henoted, adding that the VBCSD-VCCI launched an initiative in 2018 to assistfirms in this regard as it realised such practices’ substantial benefits forthe sustainable development of enterprises as well as the realisation of thenational action programme to carry out the 2030 Agenda for SustainableDevelopment.
Participants were updated on circular economypolicies in Vietnam, circular economy principles in construction, andexperience in applying the circular economy model by some outstandingbusinesses and organisations like PRO Vietnam, Vinamilk, Siam City CementVietnam, and BASF Vietnam.
The Vietnam Corporate Sustainability Forum isthe most important annual dialogue promotion activity of the VBCSD-VCCI.
This year’s event focuses on sustainablecorporate governance, circular economy promotion in response to climate change,and public-private partnership, which are also major issues needing to be dealtwith to boost inclusive and sustainable socio-economic growth in 2021-2030.
Opinions at breakout sessions will be consideredto be submitted to the forum’s plenary session slated for November 2 andreported to the Government./.
Enterprises of all sizes should adopt sustainable development practices and models that include a focus on economic, social and environmental protection, speakers said at an international conference held on November 6 in Ho Chi Minh City.
Deputy Prime Minister Trinh Dinh Dung has signed a decision approving the national action plan on sustainable production and consumption for 2021-2030.
The Vietnam National University, HCM City held a ceremony on July 2 to announce the establishment of the Institute for Circular Economy Development (ICED) - the first of its kind in the country.
Authorities in the Mekong Delta province of Hau Giang held a working session via Skype on September 10 with the THD Vietnam Project Development JSC and Dutch businesses regarding a local circular economy project covering high-tech organic farming and processing and renewable energy.
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The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Circular economy practices are believed to have substantial benefits for the sustainable development of enterprises (Photo: VNA) 
