The Netherlands and UNDP strengthen collaboration to accelerate Circular Economy in Vietnam's private sector
The Embassy of the Kingdom of Netherlands in Vietnam and the United Nations Development Programme (UNDP) have reinforced their partnership with a shared commitment to driving the acceleration of the circular economy in Vietnam's private sector. The intensification of their collaboration signifies the launching of an innovative project entitled "Accelerate Circular Economy for Business" (ACE-Biz).
"The strengthened collaboration between the Embassy of the Kingdom of the Netherlands and UNDP underscores our shared commitment to driving the acceleration of circular economy practices in Vietnam's private sector," stated Mr. Kees van Baar, Ambassador of the Kingdom of the Netherlands to Viet Nam. "Together, we will leverage our expertise, resources, and networks to support Vietnamese businesses in transitioning towards a more sustainable and circular economy, thereby contributing to a greener future."
"UNDP is proud to reinforce its partnership with the Embassy of the Netherlands in advancing the circular economy agenda in Vietnam's private sector," said Ms. Ramla Khalidi, UNDP Resident Representative in Vietnam. "By combining our knowledge and experience, we can drive transformative change and empower businesses to adopt sustainable practices, leading to a more resilient and prosperous future for Vietnam."
Accelerating circular economy for enterprises
The ACE-Biz project aims to contribute to Vietnam’s low-carbon and circular development by transforming business through the formulation of circular guidelines, the implementation of capacity-building programmes and promotion of technology transfer, and the demonstration of certification schemes to encourage exchanges of secondary materials and reusable goods through an online marketplace.
With tailored capacity-building programmes, Vietnamese businesses will be with the knowledge and skills to demonstrate green production methods and reduce environmental pollution through circular economy practices. The collaboration aims to drive tangible change and establish a solid foundation for sustainable economic growth by nurturing a network of circular economy champions in the private sector.
The project will be jointly implemented by government bodies, including the Ministry of Industry and Trade, the Ministry of Natural Resources and Environment, the private sector partners and academia from both Vietnam and the Netherlands, Nam Cau Kien Industrial Park, NX Filtration Company and Saxion University of Applied Sciences.
Circular industrial wastewater
A significant demonstration component of the project involves establishing a close – loop model for circular industrial wastewater. This model will showcase the economic viability of circular industrial wastewater treatment, inspiring and encouraging the adoption of similar models in other regions and industries.
Sustainable economic development
The collaborative efforts of the Netherlands Embassy and UNDP will contribute to the achievement of several Sustainable Development Goals (SDGs), including SDG8 (Decent Work and Economic Growth), SDG9 (Industry, Innovation, and Infrastructure), SDG12 (Responsible Consumption and Production), and SDG13 (Climate Action). The partnership aims to create a safer and cleaner environment by promoting circular economy principles while fostering sustainable and inclusive economic development.