Cost-saving when applying circular economy model in business

With the goal of harmonious economic development and environmental protection, enterprises have pioneered green growth and sustainable development.

Many leading enterprises in various industries, including the steel industry, have been taking the lead in applying the circular economy model to production, saving costs and demonstrating their responsibilities in matters related to the environment-society.

Sharing about the circular economy application in his business, Mr. Do Duc Don – Deputy Director in charge of production, Hoa Phat Steel Joint Stock Company in Hai Duong shared that the power plant uses residual heat and gas. Coal is recovered from the production stages, bringing great advantages in terms of reducing production costs.

Assoc. Prof. Dr. Nguyen The Chinh – Former Director of the Institute of Strategy, Policy on Natural Resources and Environment, said that the mindset of business owners would open a new direction of green and sustainable development.