Page 503 - Ebook HTKH 2024

the production of green products, circular economy, and regenerative economy. The
functional departments of the provinces and cities have not submitted to the People's

Council or the Provincial People's Committee any policies or projects related to the
circular economy.
Second, the big challenge is in innovating technological and technical processes.
Realizing the requirements of a circular economy and implementing FTAs commitments
on garment exports, a number of textile and garment enterprises have invested in new,
modern or relatively modern technology and machinery. However, most textile and
garment enterprises in provinces and cities have an average level of technology in the
country, and outdated wastewater and waste treatment systems. In particular, enterprises

operating in the field of fiber production, dyeing of fabrics and fibers for recycling,
waste and wastewater treatment, and anti-pollution require appropriate technologies.
Enterprises have to spend a lot of money on research and development (R&D) and even
failures to prepare for the production of these items. Similarly, the garment sector also
produces a large amount of waste, requiring a technological system to handle, recover,
and recycle. The next problem for this process is also investment capital. Third, the

challenge of benefits and costs in developing the circular economy of enterprises. The
effectiveness or benefits need to be considered in the long term. However, for small and
medium-sized enterprises and enterprises in localities, they often do not see and
calculate the long-term benefits as well as capital difficulties in moving according to
ESG, developing a green economy.
Fourth, textile and garment enterprises under Vinatex, textile and garment
enterprises with FDI capital, TNG factories located in many localities have mostly taken

specific steps and roadmaps to invest in moving according to ESG, developing a circular
economy. However, textile and garment enterprises in localities have not made any
specific movements in this field.
Recommendations
First, strengthen propaganda work, raise awareness and take specific actions about
ESG, circular economy in general and textile and garment sector in particular.

Circular economy, ESG is having initial changes, specifically members of Vinatex,
TNG. In provinces and cities, the circular economy also needs to have a change in
awareness from provincial leaders, leaders of departments and branches, to local leaders,
business leaders and the majority of people, especially managers and workers in local
enterprises. Provinces and cities need to determine that ESG, the circular economy of
enterprises in the area, will have significant progress, achieving efficiency if we separate
from each other. It certainly needs a change in awareness from many different levels. At
the local level, there is awareness from the Provincial Party Committee, People's

Council, People's Committee, departments and branches, localities, the business
community in general, especially textile and garment enterprises, from workers to the
majority of people. From the change in awareness, there needs to be specific actions on
ESG movement, on implementing circular economy in the whole system, from the
leaders of enterprises, to middle and grassroots

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