During a meeting with Sussana Campbell, Chairperson, SYRE and Johan Ndisi, Swedish Ambassador to Vietnam, Pham Minh Chinh, Prime Minister, Vietnam urged Swedish textile recycling company SYRE to invest in building a green and sustainable textile industry in the country
Chính invited SYRE to tap into Vietnam’s surplus textile materials and waste for sustainable production. He also emphasized on using clean energy and eco-friendly materials in the manufacturing process.
Further, praising SYRE’s proposed investment location in Bình Định province, Chinh termed it as a ‘strategic choice’ due to its favorable business environment and well-developed infrastructure, including an international airport and a deep-water seaport.
Reaffirming Vietnam’s commitment to fast but sustainable development, Chính said, aiming for 8 per cent economic growth this year, the country aspires to reach double-digit growth in the near future. He emphasized on the critical role of science, technology, innovation, and digital transformation in achieving those goals, while also calling for international cooperation in finance, governance, talent, and technology.
Sharing the company’s ambition to expand globally with a strong focus on green transition, Campbell expressed SYRE’s desire to partner with Vietnam to develop the country into a global hub for circular textile production.
The company’s fully circular manufacturing model creates textile-grade materials from recycled inputs, said Campbell. Vietnam is a strategic location for it, especially with growing global momentum for sustainable production, she added.
SYRE plans to invest $1 billion to build a polyester fabric recycling complex in Bình Định, with the aim of making Vietnam the first high-tech circular textile center in the world. The project will align with EU and U.S. sustainability standards and contribute to Vietnam’s net-zero emissions goal.
PM Chính highlighted Vietnam’s regional leadership in renewable energy and its strong implementation of commitments made at COP26 through COP28, particularly in circular economy and green manufacturing. He also reaffirmed the government’s openness to high-tech foreign investment and pledged full support for SYRE’s operations in Vietnam.
Ndisi welcomed the growing partnership between the two countries, stating that Sweden remains committed to supporting Vietnam’s green transition. He noted that more Swedish businesses are seeing Vietnam as a long-term investment destination and expressed hope for advancing bilateral relations to a higher strategic level.
