Investment News


TOGETHER TO A SUSTAINABLE COURSE ECONOMY

31/01/2021

 

In order to deal with the risk of natural resource depletion, pollution reduction and habitat degradation in recent decades, countries around the world, including Vietnam, are gradually shifting from the "economical" model. linear economy" to "circular economy" with the goal of sustainable development of the country.

A circular economy is an economic model in which design, manufacturing and service activities aim to prolong the life of materials and eliminate negative impacts on the environment. This is an economic model in which special attention is paid to the management and regeneration of resources in a closed loop, in order to avoid creating waste and polluting the environment.

 

4F biosafety breeding complex of Guilin Group in Phong Dien district (Thua Thien Hue).

If the "linear economy" is only concerned with resource extraction, production, consumption and discharge into the environment, it leads to the creation of a large amount of waste, as well as the maximum exploitation of natural resources. However, for socio-economic development, the concept economy focuses on the management and regeneration of resources in a closed loop to avoid creating waste. The transition to a private economy is also a great opportunity for rapid and sustainable development, not only achieving socio-economic and environmental goals but also effectively responding to climate change; raise people's awareness about reuse, waste recycling, and limit unnecessary consumption of single-use items. At the same time, extending manufacturer responsibilities to support 100% waste-to-material recycling is the shortest path to a low-carbon economy, especially in industries. heavy...

According to the World Bank (WB), water pollution alone can cost Vietnam up to 3.5% of GDP (in 2019). Along with that is the decline in resources, energy, soil pollution and land degradation, especially climate change, which is seriously affecting the socio-economic development of Vietnam in recent years. Meanwhile, economic activities in Vietnam have so far been mainly based on the traditional approach, which is a linear economy, which is also the basic cause of the shortage of natural resources. nature, especially causing serious environmental pollution.