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Sunday, April 20, 2025

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Beyond recycling

The urgency of environmental concerns is highlighting a crucial fact: recycling and reusing plastic waste, particularly single-use plastics, is not a viable solution. Plastic waste poses a grave threat to our planet, humanity, and nations alike. Daily reliance on plastics, from nylon bags to disposable drinking straws, cups, and bottles, has led to a pervasive waste problem. We encounter discarded plastics everywhere—beaches, canals, wet markets, boat ports, and bus terminals. Annually, a staggering 200 million tons of plastic waste—equivalent to 523,000 billion plastic drinking straws—enter the environment. This alarming statistic comes from the 2021 report “Plastics: The Cost for Society, the Environment, and the Economy” by the Worldwide Fund for Nature in Vietnam (WWF Vietnam). To put this into perspective, if we were to place these plastic straws end to end, they would encircle the Earth 2.8 million times. In Vietnam alone, 1.8 million tons of plastic waste are released into the environment each year, with 72% being single-use plastics. Plastics are inherently slow to decompose, taking 500-700 years to break down completely. They inflict severe harm, disturbing ecosystems and the natural balance of life. Previously, people believed that plastics could be easily managed by collecting and melting them to […]
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Green public investment

As Vietnam is stepping up public investment, should the country earmark a certain amount for green public investment? There are good lessons of other...

A catalyst for inbound tourism

Vietnam has since mid-August issued e-visas to citizens from all countries and territories to boost inbound tourism. With this change, many enterprises have also...

Insurance industry mired in difficulties

Apart from industry-specific difficulties, the trend of interest rates going down will also make inroads into insurers’ profitability. Bancassurance grinds to a halt The insurance industry...

Real estate market not out of the woods

Being a significant magnet for capital inflows within the economy, the real estate market does not just impact industry players; its repercussions extend to...

Growth and bottlenecks

Recent reports show a positive outlook on Vietnam’s economic growth prospects. However, there remain several bottlenecks that remain unaddressed. Upbeat forecasts In its latest update, the...

Far from attainable

During the 2017 conference on shrimp industry development, the Government aimed to achieve US$10 billion in shrimp export revenue by 2025, five years ahead...

A time for price cuts

When low-price goods and services are preferred, it means consumers are having lower disposable incomes. This phenomenon is now seen in many European countries...

Prevention is better than cure

During the rainy season this year, landslides have struck numerous areas, leaving behind multiple fatalities and environmental damage. A thorough review of completed and...

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