Why Việt Nam needs a circular economy for plastics
The increased use of plastics has accompanied Việt Nam’s fast economic growth over the last decade. With growing urbanization and a rising middle class, the demand for plastics has grown rapidly in consumer packaging, construction, household goods, and automotive industries because of their convenience and versatility. In 2019, the plastic industry contributed about US$17.5 billion to Việt Nam’s economy, equivalent to 6.7 percent of the country’s GDP.