Thị trường hàng hóa
Although the number of textile and garment enterprises in the city of Da Nang is small, most of them are large businesses with export revenues worth hundreds of millions of US dollars. These enterprises are improving their competitiveness by greening production to reach sustainable development and meet strict foreign market requirements.
Nguyen Van Hai, General Director of the Hoa Tho Textile and Garment Joint Stock Corporation, said 2022 was a very difficult year for the industry and 2023 is expected to be another hard year. Hoa Tho will continue to invest in advanced equipment and technology, automation and energy efficiency to improve production and trading activities and reach revenue of VND5.2 trillion. Hoa Tho has also installed solar power systems at three garment factories, meeting 15-20 percent of their power demand.
The 29/3 Joint Stock Company in the city’s Thanh Khe District has been promoting automation of wastewater treatment technology to not only meet wastewater standards but also increase productivity. The company is seeking to form a complete production system of its own in order to reach raw material self-sufficiency and improve product competitiveness.
The textile industry worldwide is adopting increasingly specific standards on green production. Notably, in 2022, the EC ratified the EU Strategy for Sustainable and Circular Textiles, which sets zero-level hazardous substances in textile products and social and environmental rights in production. Producers will have to take responsibility for their products along the value chain, including those in waste form. The specific measures will include eco-design requirements for textiles and a mandatory EU extended producer responsibility scheme. It also foresees measures to tackle the unintentional release of micro-plastics from textiles.
Therefore, greening production is a mandatory requirement for Da Nang’s textile and garment exporters to retain customers in large markets like the EU.
Huynh Van Chinh, Chair of Board of Directors of 29/3 Joint Stock Company, said his company is steadfast in sustainable development and green production, and seeks to have its Me Nhu Factory recognized as a green factory by 2025. This year, the company will stop producing cotton towels to minimize emissions, and continue digitalization, including corporate government digitalization and information technology (IT) labor force development.
According to Nguyen Duc Tri, Vice Chair of Vietnam Textile and Apparel Association (VITAS), enterprises are increasingly assessed based on their responsibilities toward employees, the environment, society and consumers. New-generation free trade agreements (FTAs) of which Vietnam is a signatory all include rules and commitments on environmental protection and emissions, Tri said.
In addition to business efforts, support policies by ministries, sectors and localities will be important for textile and garment enterprises to successfully green production, improve competitiveness and make effective use of FTAs, the VITAS representative said.
|There are more and more specific standards on green production in the textile industry. Greening production is a mandatory requirement for Da Nang’s textile and garment exporters to retain customers in large markets like the EU.|
BÀI VIẾT LIÊN QUAN
The value of wood scraps for business
Reusing scraps derived from most stages of wood exploitation and processing will increase business profits by two to three percent.
Vietnam amends intellectual property law
Vietnam’s newly amended Intellectual Property Law has gone into force, bringing the country in line with international best practices.
Vietnam attracts Czech investors
A delegation of top Czech companies, led by Czech Minister of Industry and Trade Jozef Síkela, visited Vietnam in February to explore investment and business opportunities.
Promising trade with South America
South America is a new market with great export potential, but experts warn of major trade promotion challenges.
Vietnam seeks response to corporate tax overhaul
All European Union states and many other countries will introduce a global minimum tax (GMT) of 15 percent on large corporations by the start of 2024, and Vietnam is being urged to devise appropriate policies and adapt to the new taxation.
Tram Tau: A remote slice of heaven
Tram Tau hot springs, about 260 kilometers west of Hanoi, offer tourists an unforgettable experience. A tourism development campaign bills this remote corner of Yen Bai Province a “miniature Bali”.
Uncorking bottlenecks for support industry development
Vietnam is mulling legislation to boost the low localization rate of its industrial production and means to modernize its support industries and increase their participation in the local and foreign value chain.
Understanding UK trade remedies
The UK-Vietnam Free Trade Agreement (UKVFTA), which entered into force on 1 January 2021, has become a two-way highway promoting bilateral trade.
Hoa Binh, sustainable investment destination
The north-central province of Hoa Binh has recently licensed 16 investment projects totaling VND49 trillion, reflecting the province’s drive for sustainable development and its unique advantages.
Retail giants ramp up Vietnam investment
The recently announced major investment in Vietnam by retail giant Central Retail Corporation (CRC) reflects the market's attractiveness and growth potential in 2023.
Hanoi to speed up public investment
Chair of Hanoi People's Committee Tran Sy Thanh is urging the Government and National Assembly to provide the capital with greater power to speed up public investment.
Hanoi economy presents mixed picture
Hanoi’s total retail sales of goods and services increased 18 percent in January compared with the same period last year. The capital has also identified 22 targets for socioeconomic development in 2023.
Digital tech firms enter new phase
Vietnamese digital technology firms are entering a new period of development, bringing “Make-in-Vietnam” products to the world and accelerating domestic digital transformation.
Son La Dam’s powerful tourism potential
The area of the Son La hydropower reservoir, with its cultural features of the Thai, Tay and La Hu ethnic groups, is being awakened by tourism development to benefit local residents.
Ministry betters business environment
The Ministry of Industry and Trade (MoIT) has implemented government resolutions on improving the business environment and enhancing national competitiveness.
Fresh produce exports set to grow
The Vietnamese fruit and vegetable sector poised for promising year as exports rose 3.1 percent in January 2023.
Vietnam eyes green hydrogen development
On March 7 in Da Nang City, the Vietnam Trade Promotion Agency under the Ministry of Industry and Trade, the ASEAN-Japan Center, and the Vietnamese Trade Office in Japan jointly held a workshop on the application and development of the hydrogen technology in green energy transition.
Trade deal with UK bolsters Vietnamese exports
The United Kingdom is the world’s fourth largest importer, but Vietnam’s share accounts for less than one percent of its total import value, signaling ample room for increased Vietnamese exports to this market.
Trade deal with EU a hit so far
Vietnam's exports to the EU have seen positive growth more than two years after the EU-Vietnam Free Trade Agreement (EVFTA) took effect in August 2020.
Rise of February industrial production index
According to data from the General Statistics Office of Vietnam, industrial production in February 2023 grew an estimated 5.1 percent compared with January due to a higher number of working days.
Vietnamese pomelos star in UK market
First Dien pomelos from the northern province of Hoa Binh are now available on the shelves of Longdan supermarkets in the UK, welcomed by the Vietnamese community in the country and local consumers.
Credit crunch burdens real estate market
Credit plays a major role in the recovery of the real estate market, but in light of major debts, experts are advising that capital be provided only for reliable projects.
Unclogging textile-garment sector supply chain
The government’s backing, especially investment capital and legislation on raw material production, is important and necessary to develop textile and garment support industries.
Green transformation, more than a slogan
The EU is set to launch a pilot phase of the Carbon Border Adjustment Mechanism (CBAM) in October 2023 and fully implement it starting January 1, 2026.
By mid-February, Vietnam's trade value had reached 72 billion USD
The General Department of Vietnam Customs reports that the country's total trade value between January 1 and February 15 was over 72 billion USD, with export turnover at 37 billion USD and a trade surplus of almost 1.7 billion USD.
Industry, trade sector responds to climate change
The Ministry of Industry and Trade (MoIT) considers climate change response and green growth an important long-term task.
Trade deal with the UK boosts investment
The bilateral trade and investment relations between the United Kingdom and Vietnam have recorded positive results in the first year of the UK-Vietnam Free Trade Agreement (UKVFTA).
Turkey natural stone trade mission to Vietnam
A B2B event to connect trade between Turkish and Vietnamese natural stone enterprises to create opportunities for Vietnamese businesses to approach international quality supplies.
Businesses back CPTPP expansion
Export-driven firms and online sellers in potential member countries see accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) as providing new e-commerce export opportunities and diversifying trade away from China.
Shan Tuyet, tea as nature intended
The Shan Tuyet tea trees on top of the mountains in Phin Ho region of Ha Giang Province have been silently witnessing the passage of time for centuries and starring as central characters in folk tales.
Chemical industry applies top technologies
Enterprises in Vietnam’s chemical industry have applied new technical solutions and production methods, technological innovations and product diversification.
Attracting green investment in southeast region
Sustainable development orientation is on the rise, helping Vietnam remain competitive and advance its green economy. Ho Chi Minh City and the southern provinces of Binh Duong, Dong Nai, and Ba Ria-Vung Tau are developing strategies to boost "green" foreign direct investment (FDI) in the region.
Quang Binh: A land of endless mystery
Tourism in Quang Binh, a coastal province in North-Central Vietnam, has gained international recognition due to the locality's reputation as the "Kingdom of Caves", its unique geological features and the enigmatic tales of its history and myths.
EVFTA ensures fair competition, subsidies
Senior Vietnamese and European officials held a recent assessment of the initial two-year implementation of the EU-Vietnam Free Trade Agreement (EVFTA) at a meeting chaired by Minister of Industry and Trade Nguyen Hong Dien and European Commissioner for Trade Valdis Dombrovskis.
Ecotourism thrives in Vietnam
Ecotourism and agro-tourism are blooming in Vietnam in the post-pandemic period.
Knock wood: UKVFTA boosts exports to UK
The UK-Vietnam Free Trade Agreement (UKVFTA) has served as a catalyst to Vietnamese timber exports to the UK, said Ngo Sy Hoai, Vice Chair and General Secretary of the Vietnam Timber and Forest Products Association (VIFORES) in a talk with Vietnam Economic News’ Hoa Quynh.
Cat family - A sculptured artwork
With a passion for arts, sculptor and painter Vu Dung from Hanoi’s Hoang Mai District has been working hard to create a breakthrough in his artworks.
Will machine learning help us find extraterrestrial life?
Researchers have applied a deep learning technique to a previously studied dataset of nearby stars and uncovered eight previously unidentified signals of interest.
HCM City Export Furniture Fair to take place this month
The Ho Chi Minh City Export Furniture Fair (HawaExpo) 2023 is scheduled for February 22 to 25, kicking off a series of trade promotion events in the wood industry this year.
Hanoi helps local products extend reach
The Hanoi Department of Industry and Trade has opened three showrooms of the “One Commune, One Product” (OCOP) in recent weeks in a continuing bid to popularize high-quality specialties made in the capital and other localities.
Black rice cakes reach foreign markets
Black sesame rice cakes have long been a favorite in Nghe An Province’s Do Luong District. The Luong Son Food Production and Trading Co. Ltd. decided to share this delicacy with other regions of the country and with other countries.
Industrial production: Achievements and lessons
The 2022 industrial output has been impressive, but continued innovation as well as production and supply network recovery are vital to ensure a more sustainable path in 2023.
M&A 2023 prospects looking up
Although the market for mergers and acquisitions (M&A) in Vietnam decelerated in 2022, many economists are looking ahead to plentiful prospects for 2023.
The woman who revived Kim Hoang folk paintings
Researcher and art collector Nguyen Thi Thu Hoa has made intense efforts to revive the 18th century Kim Hoang woodcut folk painting genre, which had all but disappeared over time.
Vietnam pursues green foreign trade
Vietnam reached a record foreign trade value of an estimated US$750 billion in 2022.
Chau Ma brocade lives on
The indigenous textile products of the Chau Ma ethnic group reflect experiences, religious beliefs, skillful techniques and an enduring passion for the traditional craft practiced for generations in the Central Highlands province of Lam Dong.
The cat in Vietnamese culture
The new lunar year (2023) is designated the Year of the Cat, one of the 12 Vietnamese zodiac animals and a strong favorite on the list that also includes the Rat, Buffalo, Tiger, Dragon, Snake, Horse, Goat, Monkey, Rooster, Dog, and Pig).
Tet in Paris, with all the trappings
The Lunar New Year Holiday (Tet) always reminds the Vietnamese community residing in France of their homeland and its unique traditions, with most maintaining Vietnamese customs and culture, including Tet celebrations.
Strong recovery of capital's economy
According to a report by the Hanoi People's Committee, the capital experienced a strong economic recovery in 2022 and maintained its leading position among the provinces and cities nationwide in attracting foreign direct investment (FDI).