Circular economic development model in the world and lessons for circular economic development in Vietnam
In the context of international economic integration, circular economic development is becoming a trend in countries, especially when the world’s resources are increasingly depleted because it helps solve the problem between economic and environmental benefits. Circular economy is a closed production cycle, resources and waste from previous production processes are salvaged or reused, and scrap streams are turned into inputs for the new production cycle. This article is based on secondary data sources that have mentioned the benefits of circular economy and some typical circular economy development models in the world to draw some lessons for Vietnam to develop harmonizing economic benefits with environmental benefits, economic growth goes hand in hand with reducing the harmful effects of climate change.
