Developing a circular economy: International experiences and policy implications for Vietnam
Published: July 26, 2026
Abstract
The circular economy is gaining global importance, particularly in the face of depleting natural resources and growing environmental challenges. This study examines the successful experiences of developed countries, including Germany, the United States, Japan, and China, in implementing circular economy practices. It then evaluates the current situation in Vietnam, identifying key challenges such as the absence of a clear legal framework, outdated recycling technologies, and limited public awareness. The study offers practical solutions for overcoming these challenges and facilitating Vietnam's transition to a more sustainable development model.
Hồ Quế Hậu (2022). Phát triển kinh tế tuần hoàn ở Việt Nam: Những bước đi ban đầu và giải pháp. Tạp chí Kinh tế và Phát triển, 304, 39-47.
2.
Guan, J., Lv, X., & Song, S. (2017). Industrial Transformation and Economic Development Implications of Circular Economy in Kitakyushu, Japan. In 2017 6th International Conference on Energy and Environmental Protection (ICEEP 2017) (pp. 483-486). Atlantis Press.
3.
Heath, G. A., Ravikumar, D., Hansen, B., & Kupets, E. (2022). A critical review of the circular economy for lithium-ion batteries and photovoltaic modules: Status, challenges, and opportunities. Journal of the Air & Waste Management Association, 72(6), 478-539.
4.
Heshmati, A. (2017). A review of the circular economy and its implementation. International Journal of Green Economics, 11(3-4), 251-288.
5.
Kirchherr, J., Reike, D., & Hekkert, M. (2017). Conceptualizing the circular economy: An analysis of 114 definitions. Resources, Conservation and Recycling, 127, 221-232.
6.
Lah, O. (2016). Circular economy policies and strategies of Germany. Towards a Circular Economy: Corporate Management and Policy Pathways, 59-74.
7.
Nguyen, H. N., & Nguyen, T. H. (2019). Implementing Circular Economy: International Experience and Policy Implications for Vietnam. VNU Journal of Economics and Business, 35(4).
8.
To, L. P., Hoang, B. N., & Tran, L. (2023). Building a Model for Measuring the Financial Health of Vietnam Listed Companies Applying Circular Economy. Research Review International Journal of Multidisciplinary, 8(1), 112-121.
9.
Tran, Q. P., & Dong, M. C. (2023). Understanding Factors of Households' Circular Economy Adoption to Facilitate Sustainable Development in an Emerging Country. Research on World Agricultural Economy, 4(4), 79-89.
10.
Zhu, F., Lai, L., Zhu, Z., & Zhang, X. (2022). A study on the path of improving the performance of China's provincial circular economy: An empirical study based on the fsQCA method. Frontiers in Environmental Science, 10, 1006170.
