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on the environment and better meet the increasingly stringent requirements of FTAs.
"Greening" the textile industry is a trend that businesses must implement to achieve

sustainable development goals and increase exports to major markets, compete with
other green manufacturers, and access green financial resources...
Applying green accounting in textile enterprises will be an important solution to
implement sustainable development strategies in the textile industry. Green accounting
(GA), also known as environmental accounting (EA), is a modern type of accounting
and is different from conventional accounting in order to collect, measure, record,
calculate, and report environmental information in reports and economic decision-
making. In the textile industry, green accounting is also clearly demonstrated with

contents including environmental financial accounting, environmental cost and revenue
management accounting, green financial access for textile production, compliance with
environmental laws related to the textile industry, responsibility towards workers,
consumers and increasing social responsibility.
The authors selected a survey of 294 textile and garment enterprises that must carry
out greenhouse gas inventory responsibilities according to Decision 01/2022/QD-TTg.

We have implemented qualitative research methods to identify factors affecting
environmental accounting and assess the current status of green accounting in
Vietnamese textile and garment enterprises. Then, we designed a survey and sent this
survey to selective textile and garment enterprises. Our team collected, assessed data
and proposed a model for the study. Assessment results are used to propose some
directions for implementing green accounting.
2. Status of green accounting in textile and garment enterprises

According to our survey, the characteristics of EA in textile and garment
enterprises are very simple and sketchy.
Regarding environmental financial accounting and compliance with
environmental laws related to the textile and garment industry, Vietnam has not issued
an accounting regime related to the organization of environmental accounting in
enterprises. The separation and monitoring of environmental costs do not have necessary

accounts for accounting. Enterprises also have no accounts to track revenue or income
in the case of enterprises with waste treatment systems that sell the right to discharge
into the environment to enterprises in the same industry (if any). These expenses and
incomes are not shown on business performance reports and have not been specifically
explained in the financial statement notes, so the assessment of the business performance
of the enterprise is incomplete and the enterprise's responsibility to the environment has
not been specifically determined. Therefore, Vietnamese textile and garment enterprises
currently monitor costs, assets, and investment capital related to the environment but

have not shown them in financial reports. Currently, the European Union (EU) - a major
customer of the textile and garment enterprises has issued regulations related to the
circular and sustainable textile program, binding producer responsibility for textile
products (EPR - Extended Producer Responsibility), applied from 2025. Therefore,
ESG (economic - social - governance) reports or

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