Developing a Circular Economy Contributes to Promoting Green Growth: International Experiences and Lessons for Vietnam

Abstract

The development of a circular economy aimed at green growth is becoming an inevitable global trend in the context of increasingly depleted and degraded resources, environmental pollution, and severe climate change, issues affecting Vietnam. Particularly, as Vietnam integrates deeply into the global economy with 17 signed Free Trade Agreements, coupled with the advancement of the Fourth Industrial Revolution, the imperative for sustainable development has become more urgent than ever. This necessitates concerted efforts from authorities and the community to foster economic development in parallel with environmental protection, aiming at green growth. This article focuses on examining the role and significance of circular economic development toward green growth while identifying this model as not only a trend but also an urgent requirement. Subsequently, the authors analyze the issues in depth and elucidate the shortcomings of implementing circular economic development toward green growth in Vietnam. The focal point of this article is reviewing circular economic models promoting green growth that have been successful in countries such as China, Japan, France, and Germany, which have achieved notable successes in transforming and developing a circular economy. Based on this analysis, we propose recommendations related to the strategies, policies, challenges, and benefits of a circular economy toward green growth. The effective application of this model will contribute to creating a sustainable future, protecting the environment, promoting economic development, and enhancing the quality of life for Vietnam in the current context.

Keywords: circular economy; green growth; environmental protection; international experience

DOI：10.62321/issn.1000-1298.2024.10.06