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.

ADB helps GMS in environmental sustainability

It covers six priority themes: building climate and disaster resilience; facilitating low carbon transitions; promoting climate-smart landscapes; enhancing environmental quality through pollution control and sustainable waste management; deploying digital technologies for climate actions and environmental sustainability; and financing low-carbon and climate-resilient infrastructure and technologies, including demonstrating climate and disaster risk financing instruments.