EXTENDED PRODUCER RESPONSIBILITY (EPR) WITH THE DEVELOPMENT OF THE CIRCULAR ECONOMY MODEL IN VIETNAM

Abstract

The circular economy model is being widely applied in many countries around the world, including Vietnam, with a focus on managing and regenerating resources in a closed loop, minimizing emissions. environment. In addition, the 2020 Environmental Law stipulates that EPR (Extended Producer Responsibility) - extended producer responsibility will take effect in Vietnam from the beginning of 2024. Accordingly, businesses produce instead of just recycling waste. from voluntary products will now be a mandatory responsibility. Thus, it can be seen that when businesses implement EPR, it will create motivation for more and more by-products to be collected for recycling, creating new economic value. The content of the article will focus on analyzing the characteristics of the circular economy model, EPR regulations, and the current status of ERP implementation in Vietnam, thereby proposing recommendations for effective implementation of EPR, contributing to promoting the model. Circular economy in Vietnam.