Garment, textile firms save $15mil thanks to sustainable production

The International Financial Corporation (IFC) has implemented Vietnam Improvement Program (VIP) program assisting Vietnamese apparel and textile firms to improve their resource efficiency, reduce operating costs and save US$15 million for the last 18 months.

(Illustrative photo: SGGP)

(Illustrative photo: SGGP)

That was announced by IFC at a workshop in HCMC yesterday.
Under the program, 28 suppliers of VF and Target Corporation have invested $9.9 million in resource efficiency measures helping them save $15 million in water, energy, and chemical operating costs. The selected suppliers are in cut and sew, dyeing and printing, and garment washing operations.
By implementing a combination of low cost and more complex factory projects, suppliers attending the program achieved average water and energy savings of more than 20 percent. The highest-achieving factories attained more than double these average savings.
The Vietnam Improvement Program (VIP) has been implemented since 2015 in partnership with the Clean Technology Trust Fund and Korean Green Growth Trust Fund.

By NHUNG NGUYEN – Translated by Hai Mien

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