Circular Economy Model and the Implementation in Vietnamese Coal Mining Industry

Abstract

The circular economy is the economic model that has been applied for a long time in the world. This model is applied at all three levels: micro (enterprise-level), intermediate (industry level, industrial zone level), and macro-level (local level, regional level, or national level). Vietnamese Coal Mining Industry has been having important contributions to the socio-economic development of Vietnam. However, this industry also causes lots of issues about environmental pollution. In the context of resource depletion, environmental pollution and the cost of exploiting and processing increases with the deep exploiting process; the tastes of utilizing resources, minimizing environmental pollution, and creating more value-added for this industry are inevitable requirements. Because of the tasks, applying the circular economy model into this industry (both intermediate and micro-level) is the urgent solution for the sustainable development of the Vietnamese Coal Mining Industry. The paper uses a combination of research methods such as theoretical research, case study research, statistical data analysis, etc., to propose the circular economy model for the Vietnamese Coal Mining Industry and some solutions to deploy this model into the industry's operations towards sustainable development.