Managing plastic as a valuable resource will help address marine pollution, Promote a circular economy in Vietnam

The IFC-World Bank report, Market Study for Vietnam – Plastics Circularity Opportunities and Barriers, finds only 33 percent of the total 3.9 million tons of the commonly used plastics disposed per year in Vietnam are recovered and recycled. The study estimates that 75 percent of the material value of the plastics-equivalent to $2.2 billion to $2.9 billion per year is lost to the economy.