Evaluation of Factors Affecting the Transition to a Circular Economy (CE) in Vietnam by Structural Equation Modeling (SEM)

Thảo Việt Trần, Thảo Hương Phan, Anh Thị Trâm Lê and Trang Mai Trần
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Thảo Việt Trần: Department of Research Administration, Thuongmai University, Ha Noi 10000, Vietnam
Thảo Hương Phan: Department of Research Administration, Thuongmai University, Ha Noi 10000, Vietnam
Anh Thị Trâm Lê: Department of Research Administration, Thuongmai University, Ha Noi 10000, Vietnam
Trang Mai Trần: Vietnam Institute of Economics, Vietnam Academy of Social Sciences, Ha Noi 10000, Vietnam
Authors registered in the RePEc Author Service: Trang Mai Tran

Sustainability, 2022, vol. 14, issue 2, 1-14

Abstract: Currently, the transition to a circular economy is becoming a development trend of many countries around the world to cope with climate change and reduce carbon emissions. Vietnam is also one of the countries in the process of taking steps to transition to a circular economy. However, to make a successful transition to a circular economy, citizen participation is essential. Thus, the question is, are people ready to participate in the circular economy? Therefore, this study surveyed 431 people regarding their willingness to participate in the circular economy based on the theory of planned behavior and the structural equation model. The results of empirical research have shown that the factors attention to the environment, and attitude towards intention are the factors that have a strong impact on willingness to participate in the circular economy. Based on the given influencing factors, the authors make some policy suggestions for the Vietnamese government in the transition to a circular economy.

Keywords: structural equation modeling; Vietnamese people; circular economy; green development; theory of planned behavior (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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