Insights
- The Netherlands-based Sustainable Trade Initiative and Vietnam’s energy efficiency and sustainable development department have signed an MoU to back sustainable development of Vietnam’s textile and footwear industry.
- The MoU will help promote sustainable development models, expand the market for eco-friendly products and enhance the competitiveness of domestic textile and footwear enterprises.
The Netherlands-based Sustainable Trade Initiative (IDH) and Vietnam’s energy efficiency and sustainable development department recently signed a memorandum of understanding (MoU) to support sustainable development of the textile and footwear industry in Vietnam.
The event formalises the collaboration between Vietnam’s ministry of industry and trade (MoIT), IDH and associations within the textile and footwear sector to develop and implement initiatives and priority activities for the sustainable development of the industry.
Though the domestic textile and footwear industry has made significant contributions to the country’s economy, it has faced competitive pressures and challenges in resource and energy use, environmental pollution and greenhouse gas emissions, the department’s director Nguyen Thi Lam Giang was cited as saying by a domestic media outlet.
The MoU will help promote the application of sustainable development models, expand the market for eco-friendly products and enhance the competitiveness of domestic textile and footwear enterprises, contributing to the implementation of Vietnam’s international commitments on sustainable development and climate change, she added.
Source: https://www.fibre2fashion.com/