Want to be in the loop?
subscribe to
our notification
Business News
FEES CHARGED FOR RECYCLING TO TAKE EFFECT IN 2024
The Ministry of Natural Resources and Environment (MONRE) is developing a legal document to specify fees for recycling products and packages, which is expected to be applicable in 2024.
Under the Law on Environment 2020 and the governmental Decree No.08, the recycling of products and packages will be mandatory for those who import or produce batteries, tyres, lubricants, and packaging as of January 1, 2024.
Those that import or produce electronics will be subject to mandatory recycling from January 1, 2025, whereas those importing or producing vehicles must follow suit after January 1, 2027.
If the importers and producers do not want to recycle their products and packages on their own, they must pay some fees to the Vietnam Environment Protection Fund to have it assist them in recycling the items.
The calculation of the fees will be regulated in the above-mentioned legal document, which is under development.
Phan Tuấn Hùng, head of the Legal Department, MONRE, said the document would be submitted to Prime Minister for approval in 2023 and come into force on January 1, 2024.
He also said the document would not be identical to those of any other countries because different countries have different fees for the recycling of products and packages.
As such, it was being developed in a way specific to Việt Nam. It would cover the aggregate fees charged for recycling, including collecting fees, sorting fees, and transporting fees, and take into account the views of all parties concerned.
Nguyễn Đức Quảng, an expert from the School of Environmental Science and Environment, Hanoi University of Science and Technology, suggested two types of fees applicable to recycling, one for basic recycling and one for advanced recycling.
Basic recycling is a broad-based process applied to general products and packages, whereas advanced recycling involves those that are difficult to recycle. The latter has different rates for different levels of difficulty to recycle.
"High fees would provide an incentive for manufacturers to re-design their products and packages in a more environmentally-friendly way," said Quảng.
Ko Jae Young, former Minister of Environment, Republic of Korea, shared Quảng's view, saying that fees should be charged differently for different products and packages.
He also said the calibration of fees should be delegated to independent consultancies, who will get the job done by calculating the real costs of recycling in the country.
The Vietnam Environment Protection Fund said it had been offering preferential loans with annual interest rates of between 2.6 and 3.6 per cent to plastic recycling enterprises, to promote the green practice in Việt Nam.
Remarkably, eligible enterprises could take out the fund's loans to finance up to 70 per cent of their recycling projects.
According to the Vietnam Plastics Association, Vietnamese enterprises would save roughly 15 per cent of their costs if they recycle between 35 to 50 per cent of their plastic waste.
For the time being, the recycling of between 40 and 95 per cent of urban waste is undertaken by the unofficial sector. HCM City takes the lead in this regard with a rate of 95 per cent.
Source: VNS
Related News
INVESTMENT OPPORTUNITIES IN CA MAU PROVINCE: 96 PROJECTS AND 20 STRATEGIC PROJECTS
We are pleased to share with you information on investment projects currently seeking investors in Ca Mau Province. Should your esteemed company or association be interested, we kindly invite you to review the project information and complete the registration form via the links provided. The Ho Chi Minh City Investment and Trade Promotion Centre (ITPC) will consolidate the expressions of interest and facilitate connections with the leadership of Ca Mau Province at a meeting tentatively scheduled for 13 November 2026 in Ho Chi Minh City.
BẰNG KIỀU LIVESHOW - A SYMPHONY OF LOVE UNDER THE GOLDEN GLOW
A masterclass in live music that takes the audience on a soulful journey through immortal love songs, guided by the peerless artistry and emotive storytelling of renowned singer Bằng Kiều. The highlight of the night is his seamless musical chemistry with special guest Triệu Hồng Ngọc, promising passionate and deeply resonant duets inside the magnificent Grand Ballroom.
ĐÀ NẴNG GREEN-LIGHTS US$105 MILLION THAI DEVELOPMENT DEAL
The central city has approved an investment proposal by Thailand’s WHA Group to develop infrastructure for the 400ha WHA Đà Nẵng Industrial Park project on two communes of Thăng Bình and Đồng Dương, with an investment of more than VNĐ2.7 trillion (US$105 million). The city said it approved WHA Industrial Development International's status as an investor in the project, which is expected to take place between 2027 and 2034.
MOBILE PHONE EXPORTS RISE 20% TO $51.8 BILLION IN FIRST NINE MONTHS
Exports of mobile phones and components rose 20 per cent year-on-year to nearly US$51.8 billion in the first nine months of 2026, with China, the US and Republic of Korea accounting for more than half of the total. Shipments to the three markets reached a combined $26.18 billion, or 50.6 per cent of total exports of the product group during the period, according to data from the Vietnam Department of Customs under the Ministry of Finance.
VIỆT NAM-CAMBODIA TRADE GATHERS PACE TOWARDS $20 BILLION TARGET
Trade between Việt Nam and Cambodia continues to grow, remaining a bright spot and a key pillar of bilateral cooperation as the two countries aim to raise two-way trade to US$20 billion in the coming years. After setting a record of more than $11.3 billion last year, bilateral trade reached about $8.7 billion in the first eight months of this year, up 8.3 per cent year on year.
FRUIT AND VEGETABLE EXPORTS POISED TO HIT $10 BILLION IN 2026
Fruit and vegetable exports are on track to reach nearly US$10 billion in 2026, after rising 19.9 per cent year on year to nearly US$7.4 billion in the first nine months, driven by strong seasonal demand and abundant tropical fruit supplies. The Ministry of Agriculture and Environment said the growth reflected stronger international demand for fresh produce and processed agricultural products.






















