Page 498 - Ebook HTKH 2024

GREEN DEVELOPMENT OF VIETNAM'S TEXTILE

AND GARMENT INDUSTRY AND REAL CONTACT
WITH A BUSINESS IN THIS INDUSTRY

209
Nguyen Dac Hung

Abstract: Sustainable development (ESG), which mainly focuses on green economic
development, environmental protection, and CO2 emission reduction, is an inevitable and objective
development trend taking place globally, especially in large economies such as the US, EU, Japan,
South Korea, etc., aiming at sustainable development. Vietnam is in the process of continuing to deeply
integrate into the international community, so it is not out of that trend. In particular, green economy,
focusing on circular economy and regenerative economy, is considered a key strategy of the Vietnamese
textile and garment industry in general, the Vietnam Textile and Garment Group and other textile and
garment enterprises, deeply participating in the global value chain, moving towards having brands on
par with international standards... The article focuses on analyzing the strategic orientations for green
economic implementation of Vinatex, relating to the reality of a textile and garment enterprise outside
of Vintex, clarifying the shortcomings, and giving some recommendations with related policy
implications. The article uses qualitative research methods, using documents and secondary data of
authorities and organizations that have been published, conducting analysis and evaluation, focusing
on this content.
Keywords: ESG, TNG, textile industry, sustainable development

1. Introduction
Currently, consumers and major fashion brands around the world are increasingly

placing great demands on sustainable development factors (ESG) to reduce
environmental impacts and protect workers' rights after violations occurred in Xinjiang
(China) or protests in Bangladesh. Accordingly, ESG is becoming a prerequisite in the
selection of processing units of fashion brands around the world when most major
brands, such as Adidas, Nike, H&M... have been and are setting out roadmaps and
commitments on ESG in the next 3-5 years. The Vietnamese textile and garment
industry has many opportunities but also many challenges in implementing new
generation FTAs.

Recently, the Vietnam Textile and Garment Group (Vinatex) has actively
implemented a number of specific measures to develop ESG, specifically the circular
economy and the regenerative economy. These measures are quite suitable for the
general transformation process of our country's textile and garment industry. However,
only a few textile and garment enterprises other than Vinatex are interested in ESG,
while many other enterprises, especially textile and garment enterprises of provinces

and cities, small and medium enterprises, and micro enterprises, have hardly made any
movements, and are facing great opportunities and challenges in developing a green
economy and a circular economy, aiming at sustainable development in the future,
meeting integration requirements and contributing to the implementation of

209 Faculty of Economics, Hung Yen University of Technology and Education, Email: ndhungsbv@gmail.com
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