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VITAS, WWF launch water risk report for textile and garment industry

The Vietnam Textile and Apparel Association (VITAS) and the World Wildlife Fund (WWF) launched a water risk report for Vietnam’s textile and garment industry and a tool for assessing water risks in the Mekong region in Ho Chi Minh City. The report “Textile and Garment Sector in Vietnam: Water Risks and Solutions” features 12 recommendations of the WWF to boost links among relevant agencies of the sector while promoting the management and improvement of water resources and sustainable energy use.

According to VITAS, Vietnam ranks fourth among textile exporting countries in the world, after China, India and Bangladesh. In the first half of 2018, total export turnover of Vietnam’s textile and garment industry reached $16.5 billion, up 17 per cent over the same period last year. Foreign direct investment (FDI) into the sector hit U$2.8 billion, lifting the accumulated FDI in the industry to $17.5 billion, with the Republic of Korea; Japan, and China being the biggest investors.

According to Van Ngoc Thinh, Country Director of WWF, as Vietnam’s textile and garment industry depends significantly on water and energy for production, it needs the initiatives to promote its sustainable development, thus contributing to the national economy and ensuring goals on environment.

 

 
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