Vietnam Materials Marketplace - Partnership Closeout Report
P4G – Partnering for Green Growth and the Global Goals 2030 – is a new initiative, commenced in 2018, with the ambition of becoming the world’s leading forum for developing concrete public-private partnerships at scale to deliver on the SDGs and the Paris Climate Agreement. P4G brings together business, government, and civil society organizations in innovative public-private partnerships to advance solutions that help meet humanity’s greatest needs in five key areas: food and agriculture, water, energy, cities and circular economy.
The Vietnam Materials Marketplace - a P4G partnership - is a materials trading system that directs Vietnam’s booming manufacturing industries towards the circular economy. Vietnam is one of the fastest growing countries in Asia, hosting a thriving manufacturing economy and serving as a hub for much of the world’s material flows. But the amount of materials deposited in Vietnam’s landfills is a significant health and environmental challenge. In fact, material production and use drive the largest amount of greenhouse gas emissions globally.
The Materials Marketplace takes this challenge head on – helping manufacturers reduce both waste disposal and excessive production through an online marketplace where manufacturers can buy, sell or trade materials and equipment suitable for further or alternative use. This model will move industrial waste up the value chain into its highest and best use, reducing environmental impact and using circular economy principles to grow Vietnam’s economy in a sustainable and resilient way.
Through support from The Vietnam Chamber of Commerce and Industry (VCCI) and the US BCSD, the Materials Marketplace will use successful, proven models from other industry hubs around the world to increase efficiencies, reduce costs, and enhance quality of life in Vietnam.
The Vietnam Materials Marketplace concluded its partnership period with P4G in July 2019. This closeout report discusses how P4G partnership funding enabled the partnership to research, evaluate and map specific gaps in the Vietnam waste, reuse and recycling ecosystems to inform the design and configuration of their proposed marketplace.