| Title | The Impact Of Economic And Non-Economic Determinants On Circular Economy In Vietnam: A Perspective Of Sustainable Supply Chain Management |
|---|---|
| ID_Doc | 3361 |
| Authors | Chau, KY; Hong, MP; Lin, CH; Ngo, TQ; Phan, TTH; Huy, PQ |
| Title | The Impact Of Economic And Non-Economic Determinants On Circular Economy In Vietnam: A Perspective Of Sustainable Supply Chain Management |
| Year | 2023 |
| Published | Technological And Economic Development Of Economy, 29, 6 |
| Abstract | The projections of UN indicate that by the year 2030, natural resource demand will become threefold as of today. This for sure surpasses existing capacity due to which many countries are facing depletion issue or might face depletion issue in coming years. Realizing this challenge, economies all over the globe are shifting towards circular economy development in order to address the environmental sustainability issue. In Vietnam, economic activities are normally based on the principle of linear economy. However, this traditional approach not only creates shortage of natural resources but also becomes the reason of environmental destruction. Thus, the study is an attempt to find out the harmonious relationship of economic and non-economic determinants with circular economy in the presence of sustainable supply chain management as a moderator. By employing structural equation modelling, findings indicate that circular economy is the right direction as it ensures job security and bring quality education and political stability. Results also confirm that sustainable supply chain management increases the strength of positive relationship of said variables. In the light of the evidences, the paper proposes few suggestions and implications to promote the development of circular economy so that economic growth and environmental quality can be achieved at the same time. |
Similar Articles
| ID | Score | Article |
|---|---|---|
5094
|
Luu, TV Literature Review on Circular Economics Adoption for the Vietnam Economy(2021) | |
| 586
|
Chieu, LD; Bich, DT Circular Economy Model and the Implementation in Vietnamese Coal(2021) | |
| 1899
|
Tran, TK; Nguyen, KQ; Le, QC; Nguyen, TTH Linking circular economy model and green supply chain practices to shape environmental performance: case of Vietnam(2023)Environmental Science And Pollution Research, 30, 41 | |
| 5984
|
Minh, VQ; Vu, PT; Thuy, NM; Huong, HTT; Dang, PC Current status and potential of circular agricultural economy for sustainable development in the Mekong Delta, Vietnam(2024)Plant Science Today, 11, 2 | |
| 979
|
Korhonen, J; Honkasalo, A; Seppälä, J Circular Economy: The Concept and its Limitations(2018) | |
| 1523
|
Ta, YT; Nguyen, TTA; Nguyen, NH Identifying key areas for circular economy: a waste collection input-output analysis in Vietnam(2023) | |
| 2184
|
Mukherjee, PK; Das, B; Bhardwaj, PK; Tampha, S; Singh, HK; Chanu, LD; Sharma, N; Devi, SI Socio-economic sustainability with circular economy - An alternative approach(2023) | |
| 4284
|
Ghazanfari, A An Analysis of Circular Economy Literature at the Macro Level, with a Particular Focus on Energy Markets(2023)Energies, 16, 4 | |
| 3092
|
Fernando, Y; Tseng, ML; Aziz, N; Ikhsan, RB; Wahyuni, TDIS Waste-to-energy supply chain management on circular economy capability: An empirical study(2022) | |
| 210
|
Paraschiv, GI; Hubel, SR; Dumitrache, AM Transition To A Circular Economy - Strategies And Progress(2020) |