Page 327 - Ebook HTKH 2024

Additionally, to apply environmental cost accounting in textile enterprises, it is
necessary to establish a legal framework for environmental cost accounting first . This

requires a complete and synchronized system of policies and laws, close coordination
of government agencies related to the environment and accounting, environmental
protection organizations, professional associations such as the Accounting Association
and the Environmental Protection Committee. For developing countries like Vietnam,
support from international financial organizations such as the World Bank and the
International Monetary Fund is needed.
To improve operational efficiency and meet strict environmental criteria according
to international commitments, the textile industry in Vietnam is currently focusing on

key solutions such as increasing automation, managing supply chains, and training
skilled labor. Additionally, two other important solutions proposed are management
digitalization and transitioning to green production and a circular economy.
Management digitalization aims to improve the effectiveness of managerial decision-
making, while transitioning to green production and a circular economy aims to meet
the increasingly stringent environmental criteria of Vietnam's textile export markets.

As Vietnam increasingly integrates into the world through new-generation Free
Trade Agreements (FTAs) such as the Comprehensive and Progressive Agreement for
Trans-Pacific Partnership (CPTPP) and bilateral free trade agreements, the Vietnam
Textile and Apparel Association has coordinated with WWF to implement a project
"Greening Vietnam's Textile Industry through Improved Water and Energy
Management." This aims to promote better river basin management, contributing to
improved water quality and sustainable energy use. This is both a challenge and an

opportunity for businesses to invest in modern production technology, cleaner
production, and increase the competitiveness of products in export markets, enhancing
brand reputation with consumers domestically and internationally.
Implementing environmental cost accounting in enterprises largely depends on the
managers' awareness of its benefits to the business. The commitment of senior
management plays a crucial role in the process of applying environmental cost

accounting. Without the interest and support of managers, implementing environmental
cost accounting will face significant challenges and difficulties, making it hard to carry
out.
5. Conclusion
Environmental cost accounting in general and environmental cost management
accounting (ECMA) in particular have been born and developed in many countries
around the world. Environmental cost accounting has been widely applied in businesses
and has been proven to bring significant benefits, helping businesses identify more

complete and comprehensive information, save costs, and save money. Minimize risks
of environmental problems. Through studying environmental cost accounting in typical
businesses of some countries around the world such as Germany, the US, and Japan,
it has been shown that although these businesses apply

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