In partnership with Vietnam Textile and Apparel Association (VITAS), the World Wildlife Fund for Nature, an international non-government organization, aims to create ‘Greenery’ textile and garment industry in Vietnam. Both associations will work in a collaborative manner by introducing environmentally friendly methods in the industry.
The sustainable development of water management and energy will help Vietnam’s textile sector to improve the development of better river basin and to improve water supply and sustainable energy use. This is part of the project “Reducing Driving Impact through Textile Quality Chain” sponsored by HSBC to support the green textile industry in China, Bangladesh, India, and Vietnam.
The project will be implemented to bring social, economic and conservation facilities to the Vietnamese textile and garment sector from 2018-08 to 2020.
Key stakeholders in the project include international brands with suppliers in Vietnam, factories around the country, in particular in the Mekong and Dong Nai delta in areas around Ho Chi Minh City, financial institutions, development partners and other relevant initiatives. Other partners include stakeholders outside Vietnam such as China National Textile and Apparel Council (CNTAC) and Lancang-Mekong Cooperation (LMC).
Textile and clothing industries are one of Vietnam’s most economically important sectors. It contributes 15 percent of its exports and has seen a continuous annual growth rate of 12 percent from 2010 to 2017. The country employs 6,000 factories and 3 million people, this sector is not only economically but rather socially important for Vietnam.
“Vietnam is the fifth largest exporter of clothing in the world, but our industry is more famous for producing lower costs with limited environmental standards and now we must change it, this is why the project is so important and timely,” said Vu Duc Giang, Chairman, Vitas.
One important goal of the project is to influence the implementation of more sustainable practices of Vietnamese textile investors.
This sector creates a huge environmental impact. Deepwater drainage, waste and high consumption of vapor can be used for the waste of water and water source and greenhouse gas emissions. As it continues to expand, changes in the practice change will reduce the effect and adapt to the conditions of change. By 2030, the United Nations predicts 40 percent increase in water crisis worldwide.
Vu Duc Giang, Chairman, VITAS, said: “Our main aim is to enhance water and energy efficiency in textile and garment sectors and ensure there are no ill-effects on the environment.”
Geographically, the project will focus Mekong and Dong Nai deltas, where more than half of Vietnam’s garment factories are located. The main objective of the project is to improve water and energy stability within the sector, thus reducing its impact on the environment. The project will encourage textile-makers to discuss further active river stewards, sustainable energy planning practices and joint-venture for long-term sustainable investment and development in the textile-clothing sector.
Vietnam is the fifth largest exporter of clothing in the world, but our industry is more famous for producing lower costs with limited environmental standards and now we must change it, this is why the project is so important and timely.
Marc Goichot from WWF-Greater Mekong, said, “For WWF, the greening of the textile sector of Vietnam is a means of achieving our broader goal of tackling a river regime and energy stability, which is the top global environmental concern. He also said that for a long time, “WWF wants to see factories, art parks, and other matters and wants to take more active joint activities to address risks and impacts outside their factory fences, and manage more manageable resources more fully in the entire sector.”
HSBC has been involved in a long time to save the world’s water source through the HSBC Water Program in 8-year projects, invested 150 million US dollars since 2012.
HSBC CEO of Vietnam Pham Hong Hai said, “It is determined to maintain the HSBC environment and to support green business.”
Vietnam is forecasting CPTPP, EVFTA, bilateral free trade agreements, foreign exchange growth will continue steadily, and one of the top export industries is textile and clothing, which will be beneficial. However, Vietnam’s enterprises need to significantly increase their moral and environmental standards to adjust to the global business community or to lose the global competition.
As the world’s leading international bank HSBC is committed and proud of contributing to the greening of the textile and garment sector of Vietnam, a very important sector of social, environmental and economic impact at the post-global business endpoint.