Vietnam’s Textile Industry: A step back is needed to move forward

Source:

[1] Statistics on commodity trade, including exports and imports, globally or by product and country, provided by the World Trade Organization Secretariat. Access the data source via: WTO | International trade and tariff data

[2] “Textile industry continues to face order shortage, export decline” | Vietstock

[3] “6,000 Pouyuen workers lose their jobs, supported with hundreds of millions of VND per person” | Dan Tri Newspaper (dantri.com.vn)

[4] Representative of the Vietnam Textile and Apparel Association (VITAS) in interviews with the Vietnam Economic Times on August 12, 2022, and Saigon Economic Times Online on January 22, 2023.

[5] According to data from the Export Promotion Bureau (EPB) of the Bangladesh Ministry of Commerce as reported in The Business Standards, and monthly and annual statistics on Bangladesh’s ready-made garment export performance cited from the website of the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) at BGMEA export performance.

[6] Statistics on commodity trade, including exports and imports, globally or by product and country, are compiled from three datasets from the World Trade Organization (WTO), the Bangladesh Garment Manufacturers and Exporters Association (BGMEA), and the General Statistics Office of Vietnam (GSO).

[7] The United States Federal Law on Preventing Forced Labor in Xinjiang, commonly known as the UFLPA, was passed on December 23, 2021.

[8] Francesco Guarascio and Khanh Vu ( 2023). The world’s garment and sports shoe center, Vietnam struggled when the US banned Xinjiang cotton. Reuters, May 3.

[9] International Trade Center (ITC) (2022). Garment costing guide for small businesses across the value chain. ITC, Geneva.

[10] Fashion Magazine Vogue Polska & Boston Consulting Group (BCG) (2021). “Consumers Adapting to Sustainability in Fashion – 2021 Edition”. Read more at: https://www.vogue.pl/an/raport-vogue-polska-i-bcg-edycja-2021

[11] Granskog, Lee, Magnus, & Sawers (2020). “Research Survey: Consumer sentiment on sustainability in fashion”. McKinsey & Co.

[12] The Business of Fashion & McKinsey & Co (2020). Fashion Industry Report 2020

[13] Data on LEED certified green buildings and projects from Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and United States Green Building Council (USGBC)

[14] Mozingo, L., & Arens, E. (2014). “Quantifying the Comprehensive Greenhouse Gas Co-benefits of Green Buildings.” UC Berkeley: Center for the Built Environment. Cited by the US Green Building Council on green building’s ability to reduce the impact of climate change.

[15] EU Green Deal, passed in 2020. Source: Delivering the European Green Deal (europa.eu)

[16] Carbon Border Adjustment Mechanism (CBAM) passed on May 16, 2023. Source: Carbon Border Adjustment Mechanism (europa.eu)

[17] Corporate Sustainability Reporting Directive (CSRD) adopted on January 5, 2023. Source: Corporate sustainability reporting (europa.eu)

[18] McKinsey & Company (McKinsey) & Global Fashion Agenda (GFA) (2020). Report on Fashion & Climate.

[19] Phương Liên (2023). The government requested to completely resolve the electricity shortage in June. Dan Tri (dantri.com.vn).

[20] Sadowski, M., L. Perkins, & E. McGarvey. 2021. “Pathway to Net-Zero: Delivering Science-Based Targets in the Apparel Sector.” Washington, DC: World Resources Institute. Access at: https://doi.org/10.46830/wriwp.20.00004.

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