Friday, August 29, 2025 12:29:38 PM - Markets open
VN-INDEX 1,690.76 +9.90/+0.59%
HNX-INDEX 281.36 +4.73/+1.71%
UPCOM-INDEX 111.41 +0.79/+0.71%
Denim production needs green growth
Vietnam News - 6/16/2019 7:10:28 PM
 (0 ratings. You must sign in to rate.)
Denim production in Việt Nam has high growth potential and is attracting more and more investors, but green production in the textile and garment industry is essential to protect the environment, experts said at a conference in HCM City on Thursday.
 
Nguyễn Thị Tuyết Mai, general secretary of the Việt Nam Textile and Apparel Association, said that around 55 to 60 per cent of the demand for materials for jeans production could be satisfied domestically.
 
Both domestic and foreign companies in the denim production sector in Việt Nam are investing in advanced manufacturing chains and technologies.
 
Domestic companies are also focusing on being more involved in the design stage and reducing the number of manual labourers.
 
While the denim production sector has formed a complete supply chain within Việt Nam’s textile and garment industry and is able to supply materials for domestic production, the number of businesses in this sector is still limited.
 
The sector has growth potential, but currently denim products only account for around 10 to 20 per cent of Việt Nam’s textile and garment product exports.
 
Nguyễn Đình Trường, deputy standing chairman of the association, said that considering the trend toward sustainable development, consumers were keen for green production and environmentally friendly products.
 
"Businesses need to have greener operations and save on raw materials," he said.
 
Vietnamese textile and garment businesses had been improving their production methods and were taking part in the global supply chain, he said, adding that this was a good opportunity for foreign companies that want to sell machinery or transfer technology to local denim businesses.
 
Jordi Juani, Asia division director of the Spain-based Jeanologia, said that if production of denim and jeans in Asia continued to grow, it could pose a major threat towards the environment.
 
He urged businesses to raise awareness about sustainability and to deal with industry problems, and follow modern retail trends and customers’ tastes, especially for green goods.
 
Currently, denim products account for around US$80 billion of global industrial good exports.
 
The conference was held on June 13 as part of Denimsandjeans Việt Nam, an international exhibition on textiles, garment sand machinery held by the association, Denimsandjeans.com and other organisations on June 12-13. - VNS
 
Read original article here
Newer News
28/08 Việt Nam steel hit by US anti-dumping duties
28/08 Trading up Việt Nam's export ambitions
15/08 M&A activity rises to $786m in July
13/08 Long Thành to become regional air hub
09/08 Circular economy offers competitive leverage for Việt Nam's textile industry
08/08 Petrol prices continue upward trend in latest adjustment
08/08 Việt Nam needs fundamental policy changes for FDI to support national goals
01/08 Việt Nam H2 growth may top 8% on public spending, private investment surge
01/08 Key sectors continue drive office demand in HCM City
01/08 Việt Nam-EU trade reaches $300 billion after five years
Older News
14/06 Vietnam, China step up cooperation in trade, agriculture, logistics
13/06 Large FDI inflows to make Việt Nam among APAC's fastest growing economies
13/06 Building material prices on the rise
12/06 Government to crack down on trade fraud
12/06 Fitch sees positive outlook for Việt Nam
11/06 Việt Nam becomes second largest exporter of lychees
11/06 Public debt within permissible limit: Finance Ministry
10/06 Vietnam’s watch market worth about 750 million USD per year
10/06 Vietnam to lift cross-border trade transaction index
07/06 100 Vietnamese firms to list products on Amazon
 
Newsletter Signup
Top Stories
Banks focus on increasing charter capital in second half of year
From pioneer to leader: Việt Nam's stock market hits 25-year milestone
New tax plan could discourage stock investment: insiders
MoF proposes 20% tax on capital gains from securities and equity transfers
HNX halts new stock listings in exchange restructuring
Market Update
Last updated at 12:25:00 PM
VN-INDEX 1,690.76 +9.90/+0.59%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.