Accelerate Circular Economy for Business Vietnam has set an ambitious transformation agenda towards a Circular Economy (CE), integrating CE principles in policy frameworks, including the draft Socio-Economic Development Strategy (2021-2030) and the Revised Law on Environmental Protection (LEP) 2020. While general regulations on circular economy at high levels have helped to advance the policy frameworks on CE, the development of sectoral and technical guidelines and standards has been slower due to several factors such as lack of sector-specific knowledge, regulatory barriers, and complexity of value chains. Businesses may also face challenges such as lack of awareness and understanding, limited capacity and expertise, limited incentives, limited case studies and models, and financial constraints when making plans for the CE transition. The UNDP has developed a comprehensive portfolio of projects and technical advisory activities to support the Government of Vietnam in the transition towards a low-carbon and circular economy, including establishing a Material Recovery Facility (MRF) in Quy Nhon City. The Vietnam Circular Economy Hub aims to enhance dialogue, generate know-how, and mobilize collective action towards the CE transition. The Embassy of the Netherlands and UNDP have co-designed and implemented a Capacity Building Program for Enterprises to Accelerate CE Transition in Vietnam. The program reveals the gaps, limitations, and practical needs of Vietnamese businesses, who are eager to embark on the CE transition. Therefore, the new project should focus on policy development, capacity building, and development of circular business models, and awareness raising.