link ae888

Local garment industry looking towards sustainable development

The Vietnam Textile and Apparel Association (VITAS) is committed to promoting the sector’s sustainable development with the aim of raising the living standards of its employees under the UN’s Sustainable Development Goals (SDGs).
Local garment industry looking towards sustainable development ảnh 1Illustrative photo. (Source: VNA)

HCM City (VNA) - The Vietnam Textile and Apparel Association (VITAS) is committed to promoting the sector’s sustainable development with the aim of raising the living standards of its employees under the UN’s Sustainable Development Goals (SDGs).

It has been estimated that the global fashion industry consumed 79 billion cubic metres of water, emitted 1,715 million tonnes of CO2, and generated 92 million tonnes of waste in 2015 alone. The figures are forecast to grow by at least 50 percent by 2030.

To achieve sustainable development and be able to compete in the fashion industry’s global supply chain, Vietnam should not rely on cheap labour but on quality, technology, productivity, delivery time, and transparency, said VITAS President Vu Duc Giang. It also needs to minimise the consumption of energy and resources and invest in advanced technology to meet international standards on work and the environment, he added.

Dr Do Quynh Chi, Director of the Research Centre for Employment Relations (ERC), said Vietnamese manufacturers must boost production values to have the necessary resources to invest in complying with international labour and environmental standards and build a long-term and direct relationship with fashion brands.

A recent survey by the ERC shows that if local producers remain outsourcing sub-contractors who have profit margins squeezed by buyers in most cases, there is no other way for them to secure the resources needed for investing in sustainable development. They could even “fall out” of the global supply chain.

Manufacturers must see employees as their greatest resource, Giang said. They must establish links with peer producers to not only bring their strengths into full play but also to take advantage of the strengths of others, he noted.

He went on to cite the fact that at the outset of the COVID-19 pandemic last year, a number of Vietnamese producers succeeded in delivering orders for billions of face masks to buyers in the US and France within a month, due to their level of cooperation.

According to a report from the ERC, up to 50 percent of fashion brands only purchase from major factories with 1,000 workers or more, as they assume that smaller suppliers will be unable to meet quality standards and fulfil their corporate responsibility requirements.

If there are no doors left open for small and medium-sized enterprises (SMEs), they will easily fall into the supply chains of discounters, which can lead to the entire domestic garment industry joining a “race to the bottom”, Chi said.

She stressed the need to design support policies for SMEs in terms of technology🏅 and management, allowing them to engage in sustainable development stan♓dards and climb up sustainable global supply chains./.

VNA

See more

A warehouse in ICD My Dinh in Hanoi. (Photo: alslogistics.vn)

Vietnam to host global logistics congress

As the most significant and high-profile event in the global logistics industry, FIATA World Congress 2025 is expected to gather over 1,200 delegates from more than 150 countries.
Deposit and lending interest rates listed at commercial banks have also continually decreased. (Photo: vietnambiz.vn)

Overnigꦯht interbank interest rate hits 16-month low thanks to abundant liquidity

According to the State Bank of Vietnam (SBV), in the interbank market, the trend of decreasing overnight interest rates has continued, starting at 3.13% in the first session of last week and gradually decreasing over the sessions to 1.67% at the last session of the week. In total, overnight interest rates decreased by 1.46 percentage points within one week.
Bac Lieu province has 862 fishing vessels, of which 847 are officially registered, accounting for 96.87% of the fleet. (Photo: VNA)

Bac Lieu’s fight agains⛎t IUU fishing shows positive progress

Huynh Tan Khanh, Secretary of the Party Committee of Ganh Hao, noted that the town strictly follows anti-IUU fishing directives and has partnered with local agencies to organise six awareness campaigns attended by nearly 500 fishermen. Some 130 boat owners and captains have also signed commitments to follow legal requirements and avoid entering foreign waters.
Thu Thiem urban area in Thu Duc city, Ho Chi Minh City. (Photo: VNA)

Homebuyers, sellers make use of AI

ChatGPT is not yet a threat to the real estate market as it can handle information quickly and effectively, but it’s here to support, not replace, human advisors.
Phung Van Dong, director of AIT Vietnam, speaks at the forum. (Photo courtesy of the organiser)

ESG and digital shift key to fast🃏,🧔 sustainable growth: forum

As Vietnam moves forward, ESG, innovation and digital transformation will change the way businesses grow and how they are evaluated. This journey can’t rely on policy alone. It needs strong leadership, the right technology and, most importantly, skilled people who are ready to build a greener, more competitive economy.
Representatives from outstanding businesses selected to participate in the "Vietnam National Pavilion" in 2025. (Photo: hanoimoi.vn)

Vietnamese businesses head to global e-commerce

In mid-June, the Vietnam Trade Promotion Agency (VIETRADE) at the Ministry of Industry and Trade (MoIT) in collaboration with Alibaba.com announced a list of 200 outstanding businesses selected to participate in the "Vietnam National Pavilion" in 2025.
{dagathomo tructiep hôm nay}|{link link link ae888}|{dá gà thomo}|{trực tiếp đá gà thomo hom nay}|{sbobet asian handicap}|