CIRCULAR ECONOMY MODEL FOR PLASTIC PACKAGING AND EXPERIENCES FOR VIETNAM

Abstract

Abstract: The circular economy model for plastic products is considered a solution to address the challenges posed by plastic waste in line with commitments to minimize climate change and achieve net-zero emissions by 2025. Along with environmental objectives, the circular economy model for plastic packaging products creates new opportunities for the plastic product market, bringing about economic benefits and generating new employment opportunities. The paper analyzes two circular economy models for plastic packaging implemented in Australia and the UK, namely the comprehensive circular economy model and the refill model. Based on the analysis of Vietnamese context, the paper presents lessons and experiences for the development and implementation of these models in practice.

Keywords: Circular economy; Model; Plastic packaging.