Want to be in the loop?
subscribe to
our notification
Business News
TEXTILE AND APPAREL FIRMS INCREASINGLY GOING GREEN
Going green increasingly becomes an inevitable trend among firms in the textile and apparel sector, with more units bolstering investment into greening their production.
According to the Vietnam Textile and Apparel Association (Vitas), greening the textile and apparel sector has become a global trend that local firms must follow to reach sustainable development targets and scale up export into key markets like the EU and United States.
It would be particularly significant as new-generation free trade agreements with Vietnam’s engagement all feature the commitments for environmental protection and emission reduction, Vitas stated.
This would require firms to invest in cutting-edge production technology which also entails mounting challenges.
“Funding is a big issue, particularly as 90-95 per cent of units in the textile and apparel sector are of small and medium size,” said Truong Van Cam, Vitas’ deputy chairman.
Currently, most firms in the textile and apparel supply chain performing export processing for global brands have been mandated to satisfy set requirements on environmental, social, and emission reduction standards, among others.
Based on their scale, capacity, and customer requirements, each firm works on suitable plans to meet the criteria.
With export scale surpassing $3.5 billion a year, the state-owned textile and apparel conglomerate Vinatex unveiled that in the immediate future the company will be investing in novel technologies to reduce 30 per cent of wastewater after dyeing, reusing 30 per cent of this wastewater after being treated to diverse stages of washing and cleaning.
In addition, Vinatex also commits to installing solar panels for its factories with suitable natural conditions to reach the target of having 10 per cent of its power come from renewable energy sources.
Tran Nhu Tung, deputy general director at Thanh Cong Textile Garment Investment Trading JSC, and head of the Sustainable Development Department at Vitas, assumed that practising sustainable development standards might bring difficulties to businesses in the initial period, but in the long haul, it would help firms to bolster reputation and brand and sharpen competitiveness against their rivals from other countries.
A recent survey from US Cotton Trust Protocol shows that about 70 per cent of brands and retailers are paying more attention to the environmental impacts of fashion products.
Many leading fashion brands have announced just supplying products made from sustainable material sources.
For instance, Europe’s fashion brand H&M commits to promoting carbon-neutral supply chain development for its production factories through signing contracts with its sub-contractors, aiming at reaching the target of using only raw material from recycling sources by 2030.
This means more than 30 per cent of H&M suppliers in Vietnam must come on par with the standards on sustainable material usage.
To join the global game, Vietnamese firms need to become more transparent in production, ensure their products have a clear origin and meet green production standards, and increase the volume of products that can be recycled.
According to Dao Thanh Tung, director of IDFL Vietnam, an accredited certifying body for major textile standards, as consumers both locally and globally are increasingly stringent about quality standards, including the origin of raw materials and the whole production process, Vietnamese firms need to take on changes and compliance to fully meet requirements from both importers and the brands themselves.
Source: VIR
Related News
CHW30200 LUGGAGE – THE IDEAL TRAVEL COMPANION FOR MODERN JOURNEYS
• Compact & practical design – easy to carry on any trip• Optimized storage space – keep your belongings organized and efficient• Durable construction – enhanced protection for your essentials on the go
OKTOBERFEST VIETNAM 2026 RETURNS @ WINDSOR PLAZA HOTEL
Save up to 25% until 31 August 2026! For 30+ Tickets, contact Hotline for exclusive offers. From 23 - 26 September 2026, don't miss your chance to immerse yourself in the vibrant atmosphere of Oktoberfest Vietnam - one of Saigon's most anticipated celebration of German culture, cuisine and music. Inbox us to secure your ticket or contact.
THE REVERIE SAIGON’S MOONCAKE COLLECTION 2026 - THE MOONLIT BLOSSOMS
Inspired by the autumn full moon, blooming Osmanthus, and vibrant Peonies, The Reverie Saigon presents The Moonlit Blossoms collection, featuring three exquisite masterpieces that celebrate harmony, prosperity, and the joy of reunion. Discover more & Place your order: https://www.thereveriesaigondining.com/mooncake-collection-2026
GOV’T PROPOSES REDUCING INCOME TAX BY 30% FOR BUSINESS WITH REVENUE OF VND10 BLN
The Government is preparing to submit to the National Assembly a proposal to reduce income tax by 30 percent in the 2026–2027 period for business households, individuals, and enterprises with annual revenue up to VND 10 billion (US$381,621). The Government also proposes a 30 percent reduction in personal income tax for micro-enterprises with annual revenues of up to VND 10 billion in 2026 and 2027.
HÀ NỘI SEEKS NEW GENERATION OF FDI TO POWER TECH, INNOVATION-LED GROWTH
After more than three decades as one of Việt Nam's leading destinations for foreign investment, Hà Nội is entering a new phase, shifting its focus from attracting capital in volume to drawing technology-intensive investment that can help transform the capital into a regional hub for research, innovation and high-tech industries.
BANK COUPON RATE HITS RECORD HIGH OF 10% PER YEAR
Amid surging demand for capital, commercial banks have been ramping up bond issuance, with rates reaching a record high of 10 per cent per year. Sacombank has recently announced the completion of three private bond placements in July, raising a total of VNĐ3.65 trillion (US$139 million) to raise medium- and long-term capital, strengthen financial capacity, enhance risk resilience and meet regulatory capital requirements.
























