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.

This year, Vietnam's shrimp industry aims for 1.3-1.4 million tonnes in production and 4-4.3 billion USD in export turnover. Encouragingly, shrimp exports topped 605 million USD in the first two months of this year alone, up 46% year-on-year

Vietnam currently has over 33,500 cooperatives operating in different fields, with agriculture accounting for more than 64% of the total and involving over 3.8 million farmers.

While the number of new businesses in Q1 declined by 4% year-on-year, theỉ total registered capital rose slightly by 1.3%.

The legal framework now mandates that businesses fulfil their extended responsibility by either organising recycling operations or financially supporting waste treatment, he added.

This year’s campaign emphasises moving away from fast consumption lifestyles and promoting practical green actions rooted in love for the homeland.

To better support enterprises, the Prime Minister required the active, effective and concerted implementation of tasks and measures set out at the Government’s resolutions and the PM’s directions on sustainable development, the circular economy, sustainable production and consumption, energy conservation and efficiency, environmental protection, climate change adaptation, and green growth.

Developing a circular economy has been recognised as one of the priority directions to achieve overarching goals such as waste management, efficient resources utilisation, environmental protection, disaster prevention, and climate change adaptation in the country's next development phase.

Between now and 2030, Vietnam is committed to reducing the extraction and use of non-renewable and water resources, while simultaneously enhancing the efficiency of resource, material and energy usage.

Vietnam attaches importance to its friendship and multifaceted cooperation with Norway, and welcomes the two sides moving towards signing a Letter of Intent on establishing a green strategic partnership to enhance collaboration in green transition, circular economy, and climate change adaptation, said Deputy Minister of Foreign Affairs Le Thi Thu Hang.

Vietnam’s transition to a sustainable economy is not only an urgent task but also a strategic opportunity to enhance competitiveness, improve quality of life and protect the environment, said policymakers at the recent 2024 Workers’ Forum for the Environment in Hanoi.

Businesses that promote innovation will help build a circular economy in Vietnam, providing a basis for future economic growth and environmental protection.

The plastics industry has enjoyed impressive growth this year, driven by steady demand from the construction, packaging and consumer industries, according to the Vietnam Plastics Association.

The UN Development Programme (UNDP) is willing to support Vietnam in conducting reforms to create an ecosystem to facilitate the transition to a greener circular and low-carbon economy, towards sustainable development, Resident Representative of UNDP in Vietnam Ramla Khalidi stated at the Vietnam Circular Economy Forum 2024 in Hanoi on December 10.

While the European Union's Circular Economy Action Plan (CEAP) is posing new challenge for Vietnamese exports, it also offers opportunities and reflects a global trend, heard a seminar held in Hanoi on November 27.

Deputy Minister of Planning and Investment Do Thanh Trung has announced that his ministry received over 3.34 million USD funded by Switzerland’s State Secretariat for Economic Affairs (SECO) to promote circular economy and mitigate climate change impacts in industrial zones in Vietnam.

Vietnam needs to establish a specific roadmap for the transition to green energy as well as design and manage the emissions trading system toward the official operation of the carbon market in 2028, according to experts.

Sorting, collecting, and recycling packaging is one of the solutions that not only helps regenerate products but also effectively reduces environmental pollution, heard a conference on circular economy held within the framework of the Green Economy Forum and Exhibition (GEFE) 2024 in Ho Chi Minh City on October 22.

Vietnam is becoming a global automotive tyre manufacturing hub, with the export turnover of technical rubber products expected to reach 4 billion USD in 2024, according to Nguyen Quoc Anh, Chairman of the Ho Chi Minh City Rubber and Plastics Manufacturers Association.

Director of the National Innovation Centre (NIC) under the Ministry of Planning and Investment Vu Quoc Huy has reiterated the crucial role of innovation in the tertiary education system and its broader impact on national development.