Page 425 - Ebook HTKH 2024

Regarding environmental accounting related to responsibility towards workers,
consumers and increasing social responsibility, EA has fully monitored the use of labor

such as not using child labor, prioritizing the use of local labor, implementing measures
to protect the health of workers, etc. The textile industry also focuses on reducing 30%
of post-dyeing wastewater with new technology, reusing 30% of post-treatment
wastewater for washing, rinsing, and cleaning stages. For the fiber industry, it will use
at least 20% recycled polyester fiber, 15% organic cotton to reduce the use of pesticides,
strive for 10%-20% of electricity used to come from renewable energy... KTMT also
aims to control emission standards, material supply sources, choose green logistics to
transport and store raw materials and products at the lowest cost, while still maintaining

the highest standards and minimizing the impact on the local environment where the
production site is located.
Our survey also shows that environmental accounting in Vietnamese textile and
garment enterprises faces many difficulties:
- Economic tools in environmental management such as resource tax and
pollution fees have not been widely applied. Legal documents on the environment in

business operations are still lacking and inconsistent. Environmental accounting
regulations are currently not available. The requirement for providing environmental
information in the reports of textile and garment enterprises to meet green standards is
very high in order to increase the value of the enterprise. Regulations of the Vietnam
Textile and Garment Association, the Department of Animal Health, FTA trade
agreements such as the EVFTA (Free Trade Agreement between Vietnam and the
European Union) ..., requirements on traceability, environmental standards such as ISO

standards, RCS standards (Recycled Claim Standard) are developed based on the
traceability of raw materials, EPR regulations from the EU ... but accountants and textile
and garment enterprises have only stopped at studying and monitoring documents.
- These enterprises have not developed a separate process and method for textile
environmental accounting. Environmental accounting work in textile enterprises is still
quite limited, focusing mainly on recording environmental treatment costs.

- Awareness of corporate social responsibility towards the community is still
quite low. Environmental factors are rarely mentioned in the production and business
plans of textile enterprises.
- Vietnam’s textile industry currently has too few environmental accounting
experts and research documents on environmental accounting for the textile industry.
Accounting’s information related to the environment is still lacking. Training of experts
or accountants with knowledge of environmental accounting is still very limited.
Regarding the level of production cost accounting and costing at surveyed enterprises,

90% of accountants have college, university and postgraduate degrees, however, most
of them are accountants under 40 years old so their experience is limited, especially in
terms of skills in performing environmental accounting work.

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