On February 12, Norway’s investment fund for developing countries, Norfund, is pumping US$ 4 million into a PET recycling plant outside Ho Chi Minh City, Vietnam. Circular Plastics Company (CPC) is a PET recycling company producing recycled PET (rPET) flakes and food?grade pellets for both the domestic Vietnamese market and export to European markets. Demand for rPET is rising rapidly as manufacturers seek to cut emissions and increase the share of recycled content in their products. The project aims to create jobs, contribute to lower emissions, reduce plastic pollution, and supply high-quality recycled materials to international and domestic markets.