VIET NAM

CIRCULAR ECONOMY HUB

Accelerating The Circular Economy In Viet Nam

Introduction
October 2021
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 The transition towards a Circular Economy will contribute to
limiting global warming to 1.5C degree. Mainstreaming the
circular economy will not only accelerate reduction in GHG
emissions but also ensure a more efficient and cleaner use
of natural resources, thereby contributing to the
achievement of the Sustainable Development Goals.

The Revised Law on Environmental Protection (LEP) adopted

in 2020 defined the Circular Economy as “an economic model
in which design, production, consumption and service
activities aim to reduce raw material extraction, extend the
product life cycle, reduce generated waste and minimize
negative impacts on the environment.”

It is clear that the transition towards a circular economy

The transition to a requires the commitment and involvement of the whole of
society. Accelerating a Circular Economy means requires a
Circular Economy systemic approach valuing synergies and partnerships.

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 Policy Context in
Viet Nam
• The Government of Viet Nam has already
started an ambitious transformation agenda
towards a circular economy.

• The revised Law on Environmental

Protection (LEP) 2020 builds the institutional
basis for the development of circular economy
models in planning, design, production, trading,
consumption and recycling of waste, packaging
and discarded products.

• The decree guiding the implementation of

the LEP 2020 will introduce the criteria to guide
the adoption of the CE principles, financial
incentives, and a roadmap for CE
implementation highlighting prioritized
sectors, responsibilities of ministries and
Provincial People Committees.
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 Introducing...

http://vietnamcirculareconomy.vn
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Viet Nam
Circular Economy Hub
• It is joint initiative between the Ministry of
Natural Resources and Environment (MONRE)
and United Nations Development Programme
(UNDP) in Viet Nam.

• This multi stakeholder and public-private

partnership will be a place for dialogue and
act as a bridge between existing initiatives
and stakeholders in Viet Nam and globally.

• It includes a web portal (English and

Vietnamese) and will organize trainings,
workshops, and events.

• To enhance dialogue, generate know-how,

and mobilize collective action towards the
CE transition.
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Five key components

Policy Dialogue
Database

Knowledge Sharing
and Showcase

Business Forum

Financing Portal
 Viet Nam Circular
Economy Hub aims to

Transparency

Core guiding
raise awareness and create synergies, and
principles
build the capacity of all integrate financial and Innovation Synergy
stakeholders: technical resources,

public authorities, for supporting the

businesses, consumers, transition towards a
civil society, and low-carbon and circular in
academia... Viet Nam.
Partnerships

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 Structure

Component 1: Component 2: Component 3: Component 4: Component 5:

Policy Dialogue Knowledge Sharing Financing Portal Businesses Forum Database
and Showcase

To support the To curate, synthesize, To disseminate To connect enterprises To display community-

formulation of and disseminate the financing opportunities and foster partnerships, led initiatives, pledges
policies, regulations, latest available to businesses and facilitate the exchange of and commitments by
guidelines that will knowledge on CE. organizations and materials and resources, the whole of society
create the legal basis facilitate the and the greening of value and curate inspiring
for the transition to a connection between chains. stories from the actors
Circular Economy in investors and CE of the transition.
Viet Nam. projects in Viet Nam.

Target Audience: Target Audience: Target Audience: Target Audience: Target Audience:

Policy makers, Businesses, Policy Businesses, Businesses and Industry Businesses, Policy
Businesses makers, Academia, Development partners associations makers, Academia,
Organizations and and Financing Organizations and
Consumers ecosystem Consumers
Audience and users
Government of Viet Nam
of Viet Nam Central: MONRE, MPI, MOIT, MARD, MOST etc.

Circular Economy Hub Local: provincial PCs, DPIs, DONREs, DOITs, DARDs, etc.

Businesses
National & International Enterprises, SMEs, FDI
development partners enterprises, National
International Organizations, Association of industries, SoE,
NGOs, CSOs… VCCI, start-up …

Academia Consumers
Research institutions, Households, hospitals,
universities, and experts… buildings, offices, schools...

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 Activities:
• Organize conferences and meetings, gather stakeholders
to collect their opinions on specific topics during the
formulation and implementation process of policies
• Open the conversation and facilitate collaboration
between policy-makers and relevant stakeholders in
conceptualizing and developing new ideas, policies, and
incentives to accelerate the transition to CE in Viet Nam
• Organize national and international dialogues to facilitate
the exchange of experiences, innovative practices, and
Component 1: lessons learned
Policy Dialogue Objectives:
• Support the formulation of policies that are conducive to
the establishment of the circular economy in Viet Nam
• Accelerate the transition towards circular economy
through new policies, regulations and technical
guidelines for sectors
• Stimulate cooperation between the Government of Viet
Nam, the industry, and the civil society
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 Activities:
• Curate and publish national and international best practices, case
studies, technical guidelines
• Develop partnerships with Vietnamese and international universities
and organizations to publish and disseminate toolboxes and
materials geared towards businesses, central and local authorities,
students, young professionals
• Host webinars and organize online trainings
• Encourage all stakeholders to interact, join offline and online events,
and share their vision, experience, and bottlenecks
Component 2: • Curate a list of sectoral experts available to deliver training on CE

Knowledge Objectives:
Sharing and • Centralize all context-relevant and latest available knowledge about
Showcase the transition to a CE
• Transform curated knowledge and lessons learned into evidence-
based business case studies and policies
• Foster research and give visibility to academia on CE relevant topic

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 Activities:
• Share information on incentive mechanisms, funding opportunities,
access to finance, grants, preferential loans, programs and projects that
would contribute to make finance available
• Develop a network of business incubators, development banks,
consulting organizations and services willing to collaborate
• Foster match making of players in the financial field to investment-
ready businesses

Component 3: Objectives:
Financing Portal • Encourage enterprises to join the CE Hub, by disseminating funding
opportunities
• Accelerate the transition to CE by de-risking new investments,
innovations, or emerging and new technologies
• Advance projects that are pioneering or scaling-up the CE in Viet Nam
by connecting firms to potential grant sources

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 Activities:
• Accelerate networking between businesses and facilitate
collaboration
• Develop application form to facilitate trading which will provide a
more accessible marketplace for sellers and buyers, in selected
sectors
• Provide supports to businesses on administrative procedures to
participate the Forum
• Centralize all information for entrepreneurs to adopt the CE
principles

Component 4: • Promote the application of BAT/BEP, RECP, Energy Efficiency

interventions and advanced waste treatment technologies in
Business Forum industry

Objectives:
• Build a network of material and service suppliers, manufacturers,
distributors
• Foster connection, exchange, partnerships between business
willing to trade recyclable waste following the logic of industrial
symbiosis
• Demonstrate the benefits of adopting the CE principles to business
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 Activities:
• Create a channel for public community to share their initiatives on
CE
• Create a channel for businesses to submit their
pledges/commitments on CE actions then public community will
play role as monitor the implementation of these commitments
• Share inspiring stories by Vietnamese citizens who are taking
actions
• Translate the transition towards a CE into a youth friendly fashion

Component 5:
Database Objectives:
• Enhance community engagement, mobilize and empower the
whole of society in the CE transition
• Develop dynamic databases of CE initiatives, pledges,
commitments of businesses, public, CSOs etc.
• Create sectoral and value chains database to support the adoption
of naturals capital accounting and materials

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 How does it work?
• The CE Hub will be operated under public-private partnership.
• UNDP and ISPONRE are the Curators and Moderators of the Hub:
› Participate in the establishment of the Advisory Council and WGs
› Operate activities under the 5 Components and maintenance the Hub
› Develop Partnership to promote the Hub

• The coordination activities of the Hub will be delivered by an Advisory

Council assisted by Thematic Working Groups.

• The members of the Advisory Council will include Strategic Partners:

representatives from ministries, local authorities, academia, VCCI,
business associations, international agencies, NGOs, representatives
from business and trade unions, and civil society organizations.

• The Working Groups will be appointed by the Advisory Council. The

members of each WG are officials from relevant units/agencies from
central and local level, international organizations, experts and
researchers.
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Our partners

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Contact

MONRE: Mr. Nguyen Trong Hanh

nthanh@isponre.gov.vn

UNDP: Ms. Hoang Thi Dieu Linh

hoang.thi.dieu.linh@undp.org