The Unique Case Study of Circular Economy in Vietnam Remarking Recycling Craft Villages

Abstract

Vietnam’s economy will be the fastest-growing in 2023 and 2024 compared to ASEAN-5 countries. Since the country is following a development pathway, it is in a position to bet on a Circular Economy (CE), which is a widespread phenomenon for Sustainable Development. This study identifies major environmental challenges and remarks on the evolution of regulations and notable actions in the CE direction. For instance, emphasizes the approximately 4,000 Recycling Craft Villages that poorly implement a CE, focusing on Da Hoi. Finally, this article aims to identify challenges and opportunities, provide recommendations, and portray the future of circularity. Both desk and field research was conducted, including interviews and event attendance. Three principal conclusions are depicted; the limitations in the waste value chain of Recycling Craft Villages, the necessity to minimize air pollution through circularity, and budgetary restrictions are noted as continual hurdles to moving toward circularity. This article will interest policymakers, Vietnamese and international businesses, and academics.