Transitioning to a circular economy not only offers a sustainable development path for Ho Chi Minh City but also serves as a pivotal step toward establishing a fully green economy.

The transition to a circular economy model is a mandatory step for Vietnam’s garment and textile industry, billed as a key for the sector to develop sustainably and gain competitive advantage in the future, according to insiders.

As Vietnam seeks to modernise its agricultural sector and stay globally competitive, the circular economy is emerging as a critical pathway toward greener and more sustainable farming.

Like many countries around the world, Vietnam is transitioning from a linear economy to a circular one, with early steps already underway.

Closing the post-consumer plastic loop could bring significant economic and environmental benefits as Vietnam tackles growing plastic waste.

Vietnam's textile and footwear sector targets annual export growth of 7.5–8% from 2021 to 2025, with turnover expected to reach 50–52 billion USD by 2025 and 68–70 billion USD by 2030.

VN considers the implementation of the circular economy an interdisciplinary task and a shared responsibility of society, requiring the involvement of all levels of government, ministries, local authorities, organisations, and individuals.

Prime Minister Pham Minh Chinh on February 20 issued an official dispatch regarding the active and proactive implementation of solutions to promote the circular economy.