Green transition helps Vietnam’s textile industry increase its competitiveness in the international market

DNHN - The transition to green production and business is a major trend. Accordingly, the Vietnamese textile industry is no exception, applying sustainable solutions and green transition will help increase its competitiveness in the international market.

Enhancing image and reputation in the international market

One of the important benefits of green transition is creating a sustainable production and business system, which is beneficial for both businesses and the environment. The Vietnamese textile industry has realised that minimising the negative impact on the environment and resources will help improve production efficiency and create high-quality products. The use of recycled raw materials, water-saving management, and energy-saving use play an important role in reducing carbon emissions and waste during the production process. This not only helps reduce the impact on the environment but also enhances the image and reputation of the Vietnamese textile industry in the international market.

The green transition also creates opportunities for the Vietnamese textile industry to develop high-value-added products and meet the demands of demanding markets. In the international market, more and more consumers are interested in buying environmentally and socially friendly products. By applying green standards and sustainable certifications, the Vietnamese textile industry can create safe, non-polluting products that comply with regulations on labour rights and social security. This helps the Vietnamese textile industry capture trends and increase its competitiveness in the international market.

To apply green transition in the Vietnamese textile industry, support and commitment from businesses, the government, and related organisations are needed. Businesses can invest in advanced technologies to minimise environmental impact while ensuring compliance with green standards. The government can promote the development of supportive policies, encourage investment in green technology infrastructure, and provide funding and tax incentives for businesses implementing green transition. Related organisations can provide guidance and assessment to support the Vietnamese textile industry in applying green standards and sustainable certifications.

In addition, building cooperative relationships with international partners is also very important. By participating in global supply chains and adhering to green standards, the Vietnamese textile industry can increase the trust and reliability of international partners. This opens up opportunities to access new markets, expand production scale, and increase revenue.

Green transition in the textile industry is necessary

The Vietnamese textile industry has made significant progress in the green transition and increasing its competitiveness in the international market. Leading businesses in the industry have implemented measures such as using recycled raw materials, strengthening water and energy management, and improving working conditions. The products of the Vietnamese textile industry have also been recognised and highly appreciated for their quality and sustainability in the international market.

However, there is still much work to be done. Businesses in the textile industry need to continue investing in research and development of green technologies, raise awareness of environmental protection and labour rights, and strengthen cooperation with international partners. The government needs to orient and promote supportive policies and create favourable conditions for green transition in the textile industry.

According to Mr Tran Thanh Hai, Deputy Director of the Import and Export Department (Ministry of Industry and Trade), the Vietnamese textile industry will have to compete with 104 export markets, including markets such as Africa, Russia, India, etc., so the green transition in the garment industry is very necessary.

“For example, Bangladesh, thanks to greening the supply chain, has successfully attracted a large number of orders in 2023. This country has up to 153 LEED-certified factories (energy and environmental design orientation) and currently has 500 factories are currently applying for this certification,” said Mr Hai.

In general, green transition plays an important role in increasing the competitiveness of the Vietnamese textile industry in the international market. By applying sustainable solutions and adhering to green standards, the industry can not only create high-quality products but also meet the increasing demands of demanding markets for the environment and society.

Nghe Nhan