Circular economic development models in the world: to the case in Vietnam

Abstract

In the digital economy, circular economic development is becoming increasingly necessary for countries as it addresses the conflict between economic growth and environmental sustainability. The circular economy operates on a closed production cycle, where resources and waste from previous production processes are salvaged or reused, and scrap materials are transformed into inputs for new production cycles. This study, which relies on secondary data sources, examines several prominent circular economy models from around the world and applies them to the case of Vietnam, with the aim of promoting circular economic development in the country's future.