Circular Economy: Basic Theories, China’s Experiences and Suggestions for Vietnam

Abstract

Increasing interest has been paid to circular economy as an alternative to the linear economy at the request of sustainable development and environmental protection. China, among others, has implemented circular economy at all levels. Since circular economy is new to Vietnam, the circular economy application has limited to a few enterprises in certain fields. The article provides a review of the literature on some theoretical issues of circular economy, analyzing China’s experiences and Vietnam’s barriers in circular economy implementation, thereby suggesting some basic solutions to promote circular economy model transformation in Vietnam.