Conference seeks to promote startups in circular economic model
Experts, management officials and business representatives gathered at a conference in Hanoi on July 26 to discuss measures to promote startups following the circular economic model to benefit the society and businesses in a sustainable manner.
Addressing the event, Pham Hong Quat, director of the Agency for Technology Entrepreneurship and Commercialisation Development (NATEC) under the Ministry of Science and Technology said that science-technology development has brought about great benefits, making life better and more convenient.
However, it also goes along with many challenges such as resource depletion, environmental pollution and climate change, he noted, highlighting the significance of circular economy as a solution to these problems, in which the life cycle of products is extended and negative environmental impacts are minimised.
Meanwhile, Nguyen Phuong Linh, director of Management and Sustainable Development Institute said that the Prime Minister approved a national circular economic development project on June 7, 2022, which affirmed that the proactive development of the circular economy is inevitable, in line with the trends and requirements for making breakthroughs in economic recovery and the implementation of the Sustainable Development Goals (SDG) in Vietnam.
She said the project underlines the importance of promoting circular economy in the process of economic restructuring and renovating the growth model, enhancing the economy's competitiveness, adaptation and resilience against outside shocks, thus realising the national strategy on green growth in the 2021-2030 period with a vision to 2050, and ensuring security and defence.
At the conference, participants discussed a number of startup models, while sharing their viewpoints of advantages and challenges for startups as well as lessons in business governance and the shaping of sustainable and circular enterprises.