Want to be in the loop?
subscribe to
our notification
Business News
PUBLIC-PRIVATE APPAREL FIRMS INK DEAL
[29-10-2016] Representatives from public private partnerships (PPP) in apparel and footwear yesterday signed a co-operation agreement for the two sectors’ sustainable development in Việt Nam. The co-operation, which is the first of its kind in Việt Nam, marks a new step in promoting the sustainable development of the apparel and footwear sectors in terms of economy, society and environment.
Participants in the PPP co-operation were the Department of Light Industry under the Ministry of Industry and Trade, the Việt Nam Environment Administration under the Ministry of Natural Resources and Environment, the International Co-operation Department under the Ministry of Labour, Invalid and Social Affairs, the Việt Nam Textile and Apparel Association (VITAS), the Việt Nam Leather, Footwear and Handbag Association (LEFASO), the Việt Nam Cotton and Spinning Association (Vcosa), multinational companies such as Marks & Spencer, and IDH Sustainable Trade Initiative.
The agreement was under the Race to the Top (RttT) programme with supports from all members.
RttT has been an initiative of the Global Green Growth Forum (3GF), the Dutch and Danish governments, multinational companies including GAP, Nike, Marks & Spencer, Levi Strauss & Co, Sustainable Apparel Coalition, IDH, Better Work and producers.
The programme aimed to provide support to apparel and footwear products and the application of global sustainable production in Việt Nam.
The agreement would see the co-operation of all members to enhance environmentally-friendly production, improve productivity, reduce negative effects on the environment and promote dialogue among labourers.
Speaking at the signing ceremony, Flavio Corsin, IDH Việt Nam country director said the programme expected to improve the economic and social benefits and reputation for the Government, the industries, workers and communities.
RttT would create a supportive policy and regulatory environment for sustainable apparel production while encouraging manufacturers and mills to invest in environmentally-friendly technology, he said.
Under the agreement, participants would quarterly meet up to review outcomes.
Source: VIR
Related News
DIGITAL TRANSFORMATION IN LOGISTICS – A KEY TO UNLOCKING SUSTAINABLE E-COMMERCE AND ECONOMIC DEVELOPMENT
Accelerating digital transformation in logistics is critical in order to promote the sustainable development of e-commerce, a conference on applying technology held by the Ministry of Industry and Trade heard on Thursday, as well as accelerating overall economic growth.
SOILBUILD EXTENDS ITS HORIZONS INTO VIETNAM INDUSTRIAL REAL ESTATE
Soilbuild Group, an integrated real estate group, has broadened its investment in industrial real estate to Vietnam through its Soilbuild International division. The official launch of Soilbuild International (Vietnam) took place in Hanoi on May 9th, 2024, and was attended by esteemed guests, including domestic and international partners.
SEMINAR: BUSINESS SPOTLIGHT - THE HONG KONG-INSPIRED PRESENCE NESTLED IN THE HEART OF HANOI'S EAST
16h00 - 18h00, Wednesday (May 22nd, 2024)Almaz Convention Center - Hanoi (GG map: https://maps.app.goo.gl/YtWyGgkiTwWvFnfX6)
VIETNAM SECURES REMARKABLE ECONOMIC SUCCESSES SINCE NATIONAL REUNIFICATION
Since the national reunification on April 30, 1975, Vietnam has obtained admirable economic achievements and is now on its way to become the 20th largest economy in the world. Back to 1975, Vietnam, torn by two major wars, was a backward economy dependent on agriculture and foreign assistance. Foreign loans and aid accounted for over 63 percent of its budget.
350 EXHIBITORS TO TAKE PART IN HCM CITY PAPER, COATINGS, RUBBER, PLASTIC EXPOS
They will have a total display area of 10,000sq.m, 30 per cent more than last year, and the participation of over 350 local and international exhibitors who will showcase thousands of products and technologies.
INT’L INVESTORS EYE VIETNAM’S DATA CENTER MARKET – REPORT
Vietnam’s data center market is increasingly attractive to foreign investors, driven by the country’s expanding digital economy, rising data consumption, and supportive government policies, said a new report by JLL. While Vietnam’s data center sector has traditionally been dominated by local telecommunications companies, global players are now entering the market.