Lessons learnt document

At the event, participants concluded the implementation of Rethinking Plastics’ four pilot projects in sustainable consumption and production of plastics, plastic waste management on land and sea, as well as awareness-raising activities. The event also aimed at enhancing the policy dialogue between the EU and Vietnam on plastic pollution, the transition to a circular economy, and publicly closed the activities of the Rethinking Plastics project in the country. In Vietnam, the project – financed by the EU and the German Federal Ministry for Economic Cooperation and Development – cooperated closely with MoNRE and other ministries and partners since 2019 to develop regulatory frameworks and concrete actions to avoid, reduce, and better recycle plastics. The Closing Event of the Rethinking Plastics saw the participation of high-ranking officials from the EU and Vietnam, as well as stakeholders that cooperated towards the success of the project Giorgio Aliberti, EU … [Read more...] about Closing event of Rethinking Plastics heralds new age of combatting plastic pollution

Public and private sectors work together to establish a circular business economy in Vietnam, aiming towards the country's 2050 objective of net zero emissions. Photo by: Duc Thanh The conference saw the participation of representatives from the MoNRE, the United Nations Development Programme (UNDP), the Global Plastic Action Partnership (GPAP), SCG Vietnam and BeerCo Limited, the Vietnam Chamber of Commerce and Industry (VCCI), and other international organisations and businesses, as well as the press. During the plenary session, the panellists examined the feasibility of building CE in Vietnam to achieve the net zero emission objective by 2050. They also discussed factors to be considered when implementing a circular approach in the country, taking into account lessons learnt from foreign partners and proposals for the transition to circularity. Minister of Natural Resources and Environment Tran Hong Ha emphasised the importance of revamping the current linear economy in … [Read more...] about Vietnam primed for circular and sustainable advancement

Illustrative photo. Speaking with Saigon Investment about the credit room, Dr. HO QUOC TUAN, University of Bristol, U.K., said that the world has seen several periods of crisis as currently present today. The general lesson that can be learnt when using credit lines is that many loans will turn into non-bank loans, so it is more difficult to control. When borrowing from banks, there are rules on capital adequacy besides many other regulations. When using the credit tool, the purpose to be achieved is not clear and it is not easy to set specific limits. JOURNALIST: - Sir, what do you think about the State Bank of Vietnam's opinion that if Vietnam removes the credit limit, then banks will race to credit markets, which will then lead to an increase in interest rates to mobilize and lend, thereby affecting the macro currency? Dr. HO QUOC TUAN: - This is not true at all. Because when the Covid-19 pandemic occurred, or even before the pandemic, central banks were not naive to think … [Read more...] about Roadmap needed to remove credit room