Accordingly, the Vietnamese textile and garment industry needs to meet the strict requirements of the international market on ESG criteria and LEED standards.
To realize the export target of 44 billion USD in 2024, an increase of 9.2% compared to 2023, Mr. Vu Duc Giang - Chairman of the Vietnam Textile and Apparel Association (VITAS) - emphasized that businesses not only need to focus on price, quality and delivery time but also need to meet sustainable development criteria. In particular, in large markets such as the US, EU and Japan, the requirements for ESG (environmental, social and governance) sustainability indicators as well as LEED (energy and environmental design) standards are increasingly stringent.
For example, garment products exported to Europe are now required to be made from cotton or polyester blended with recycled yarn from natural materials, waste or surplus textile products. This requires Vietnamese enterprises to invest in advanced production technology and develop human resources to improve competitiveness.
In addition, upgrading the factory by installing a rooftop solar power system and converting the boiler fuel from coal to electricity is also a necessary step. Digital transformation strategy, technology investment, data management and risk control will also play an important role in maintaining export growth momentum, helping the Vietnamese textile and garment industry develop sustainably and make a breakthrough in the international market.
