Proceedings of the International Conference on Emerging Challenges: Strategic Adaptation in The World of Uncertainties (ICECH 2022)

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Circular Economy: Drivers and Barriers to Development – Experience from Other Countries to Vietnam

Authors
Thuy Trinh Thu1, *
1School of Economics and Management, Hanoi University of Science and Technology, Hanoi, Vietnam
*Corresponding author. Email: thuy.trinhthu@hust.edu.vn
Corresponding Author
Thuy Trinh Thu
Available Online 23 May 2023.
DOI
10.2991/978-94-6463-150-0_22How to use a DOI?
Keywords
Circular economy; linear economy; barriers; drivers; sustainability
Abstract

As resource use is increasing globally, natural resources are nowadays more constraint and expensive, the extraction and usage of resources have a remarkable impact on the environment. The efficient use of resources is at the heart of current policies across countries. All policies recognize the need to improve and enhance human welfare, along with the resource efficiency and environmental protection. Many countries have approached and applied the circular economy model to promote resource efficiency and sustainable development. Vietnam is currently working on establishing a legal framework for the application of circular economy models to production, business activities and daily life. Circular economy is being studied and integrated into economic development policies and strategies at all levels. By the desk research, this paper is aimed to synthesize the drives and barriers of circular economy development. The main findings indicate that (i) the barriers are more than drivers; (ii) government policies, macroeconomics, information and consumers are main important drivers to promote circular production in business; (iv) some successful circular models in Vietnam relate to agricultural fields and (iv) the experience of other countries is meaningful for Vietnam in developing circular economy models and sustainable development.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the International Conference on Emerging Challenges: Strategic Adaptation in The World of Uncertainties (ICECH 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
23 May 2023
ISBN
10.2991/978-94-6463-150-0_22
ISSN
2352-5428
DOI
10.2991/978-94-6463-150-0_22How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Thuy Trinh Thu
PY  - 2023
DA  - 2023/05/23
TI  - Circular Economy: Drivers and Barriers to Development – Experience from Other Countries to Vietnam
BT  - Proceedings of the International Conference on Emerging Challenges: Strategic Adaptation in The World of Uncertainties (ICECH 2022)
PB  - Atlantis Press
SP  - 320
EP  - 341
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-150-0_22
DO  - 10.2991/978-94-6463-150-0_22
ID  - TrinhThu2023
ER  -