Global textile supply chain conference talks green trend
The Global Textile and Apparel Supply Chain Conference (TASCC), the first of its kind in Vietnam after 11 previous editions in China, took place in Ho Chi Minh City on April 11.
HCM City (VNA) – The Global Textile and Apparel Supply Chain Conference (TASCC), the first of its kind in Vietnam after 11 previous edition෴s in Ch🌞ina, took place in Ho Chi Minh City on April 11.
Co-hosted by the Vietnam Textile & Apparel Association (VITAS) and the China National Textile and Apparel Council (CNATC), the event focused on sustainable development trend towards a green garment industry and regional solutions to global challenges.
Speaking at the event, VITAS Chairman Vu Duc Giang said the association has established an environment committee and joined an action plan to achieve a green garment sector over the past three years with the support of the Sustainable Apparel Coalition and other organisations.
Bui Hoang Yen from the municipal Investment and Trade Promotion Centre suggested improving dyeing process and linking stages together from design to product development, materials and logistics, thus upgrading supply chain and creating a common power for the sector.
The MoIT worked closely with agencies concerned to devise a development strategy for apparel, leather and footwear till 2030 amid the fourth Industrial Revolution, including zoning off several concentrated industrial parks for fiber, thread, leather and new materials.
CNATC President Sun Ruizhe said the Vietnamese and Chinese garment sectors play an important role in the global supply chain.
In recent years, major Chinese apparel makers such as Shenzhou, Youngor, Huafu, Lutai, Xurong and Jifa have invested in building plants in Vietnam, he said.
However, challenges remain ahead as polluting firms are at risk of having orders cancelled by branded names in the world. They tend to place orders from green companies while consumers also consider manufacturers’ social responsibility for the environment.
A representative from the World Wildlife Fund said there are a number of projects providing financial support for garment firms to renew technology and mitigate environment pollution.-VNA
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Recommendations were given to Vietnamese textile-garment businesses at a workshop in Ho Chi Minh City on April 10 to help them develop strategies for sustainable development.
Labourers working in the garment-textile sector earn the lowest incomes in Vietnam, despite the industry having the second-largest export value, an official from the Vietnam General Confederation of Labour (VGCL) has said.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
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Tilapia is considered highly competitive in export markets thanks to its affordability, ease of processing, and appeal across both high-end and mass-market segments.
In the first seven months of the year, Phu Tho attracted an impressive 651.7 million USD in foreign direct investment, including 35 newly licensed projects totaling 119 million USD in registered capital and 45 existing projects with an additional capital of 533 million USD.
Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
Poland is Vietnam’s largest export market in Central and Eastern Europe, with key staples including seafood, textiles, footwear, coffee, and cashew nuts.
Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.
Viettel was ranked third for overall mobile performance with a score of 82.56 just behind UEA’s e& (88.05) and Quatar’s Ooredoo (87.05) and ahead of Singapore’s Singtel (82.53). Vinaphone took second in 5G speed with a score of 78.11, trailing only behind e&.
PM Chinh proposed MUFG work closely with the Ministry of Finance to improve legal frameworks and support the establishment and operation of the international financial centre in Da Nang and Ho Chi Minh City.
At the event (Source: VOH)
