• ISSN: 2155-7950
  • Journal of Business and Economics

Circular Economy: A Key Towards Sustainable Development

Nguyen Thi Thuy Nga, Nguyen Thi Phong Lan
(Institute of Economics, Ho Chi Minh National Academy of Politics, Hanoi, Vietnam)

Abstract: Circular economy is an inevitable and indispensable trend for sustainable development taking place all over the world. In the recent years, many countries have been implementing the transition from the traditional linear economy to the circular economy with different ways and priority levels. This paper aims at analyzing the basic concepts of a circular economy, how a circular economy towards sustainable development, advantages and challenges of shifting the Vietnamese economy towards the circular economy.

Key words: circular economy; sustainable development; traditional linear economy

JEL code: Q2

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