Update news vietnam's garment-textile industry
The green transition has been increasingly implemented by businesses in VN for the past five years.
Vietnamese garment enterprises are facing more competition as well as stricter quality and environmental standards in the global market.
The slowdown of global economic growth has affected manufacturing activities across industries, including textiles.
Vietnamese garment and textile exports plunged by 18.63% to US$8,701 billion during the first three months of the year, according to figures released by the Vietnam Textile and Apparel Association (Vitas).
Textile and garment import countries have asked Vietnamese companies to satisfy requirements on social responsibility, environmental friendliness and natural resource use. The industry worth $44 billion is facing serious concerns.
Going green become vital for Vietnam’s garment and textile industry in the context of increasing requirements for sustainability.