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.
