Circular Economic Model Applied to the Mining Industry in Vietnam

The circular economy is designed to produce no waste or pollution. In the model, the waste is recycled to be a secondary resource that returned to provide the next production cycle. Therefore, applying the economic model couldn’t only lengthen the value chain of industries but also reduce environmental pollution. Nowadays, many countries around the world, including Vietnam, have been transiting from the linear economic model to the circular economic model. The mining industry plays an important role in economic development because it provides mineral materials for many other industries. However, too much waste (including solid, liquid, and gaseous waste) of the industry has polluted for both the geological environment and human living environment; it is necessary to apply the circular economy model into the industry. Through this chapter, we reviewed the theory of circular economy model; analyzed the need and potentials of applying the circular economy model in the mining industry in Vietnam; and proposed the circular economic model for Vietnam’s mining industry, and some measures to promote the application of the economy model to the industry.