The Development Of Circular Economy Park Model Within Vietnam’s Coal Mining Sector

Circular economy is the economic model focused on recycling, reusing waste, and extending the lifespan of materials. In the current context of resource depletion, environmental pollution and climate change, adopting the circular economy model is an inevitable trend for humanity. In developing the circular economy model within countries, the mining industry including the coal mining industry are among the economic sectors prioritized for effectuating. Implementing the circular economy model needs to be carried out synchronously at all three levels including the macro - level (government policies), the meso - level (interconnected models across enterprises in one industry, inter-industry collaborations, and local initiatives) and the micro - level (specific solutions within businesses related to recycling, waste reuse, and extending material lifespans). Through the paper, the authors synthesized the theory of the circular economy and the circular economy park model from existing literature, analyzed several typical cases of establishing the circular economy park in China, and analyzed the feasibility of applying the circular economy park model to Vietnam’s coal mining industry. Finally, the paper proposed the circular economy park model specifically tailored for Vietnam’s coal mining industry and suggested some recommendations to promote the adoption of the circular economy park model within the industry.