Want to be in the loop?
subscribe to
our notification
Business News
HIGH COSTS HURDLE TO RECYCLING IN TEXTILES
Textile producers see recycling as the go-to solution to the environmental woes in the industry, but they are facing some obstacles to turning waste into value.
Hứa Phú Doãn, Deputy Director of the Việt Nam Waste Recycling Association, underlined several obstacles in the way of producers trying to recycle waste.
The first obstacle involves manual sorting, which has significantly driven up the cost of recycling. Another obstacle centres around the lack of systematic sourcing of waste for efficient recycling.
Doãn's concern over high recycling costs was shared by Trần Thị Trà My, a presentative from VietKai LTD. She said producers had to import environmentally friendly materials from China because few factories in Việt Nam can produce the materials at low costs.
"Lack of cutting-edge technology is the reason behind the cost disadvantage of local recycled materials over those from China," said My.
Liên Phương Textile & Garment Corporation (LPTEX) is a producer that has to import recycled fibres from China and recycled wool from Australia for reasons of costs.
LPTEX CEO Phoebe Trương said products made completely of recycled polyester normally had lower purity than those made of virgin material. Because of that, the former had been mixed with some virgin material to make a final product acceptable in the market.
Recycled material content in the mixture could vary from 30 per cent to 70 per cent depending on customer preference.
"Japanese partners often require products with 30 per cent of recycled polyester, whereas European partners ask for 30 per cent of recycled wool.
"If it hadn't been for the preferential tariffs under free trade agreements such as EVFTA and CPTPP, products with recycled material content made by Việt Nam could not have rivalled those by China," said Phoebe Trương.
The CEO also said her company and its Korean suppliers were cooperating to produce fibres that can biodegrade in two to three years. However, they were not sure whether the fibres would gain favour among Vietnamese consumers.
Lê Thị Ngọc Dung, Manager of Á Châu Environment LTD, underlined two factors holding back the recycling industry in Việt Nam. One factor involves the poor understanding of the notion among a large part of producers and consumers; and the other, high recycling costs.
She said Việt Nam had not kept up with the global norms in recycling technology. As a result, few recycled products could be made at low costs in the country. Most of the time, their costs are higher than those of similar products in China and Bangladesh, putting Vietnamese producers at a disadvantage, according to Dung.
Vũ Đức Giang, Chairman of the Việt Nam Textile & Apparel Association, said textile producers had begun to use recycled materials in production to answer the green call from foreign importers. Recycled material content in many of their products had soared to 60 per cent.
The Chairman called for favourable policies to help textile producers expand their customer base for products with recycled material content.
He also said the association was urging the government to issue guidance on Textiles Strategy Between 2021 and 2035, with reference to which local authorities can develop their masterplan on up-to-environmental-standard industrial zones.
Source: VNS
Related News
SENTRYSAFE CHW20201 - EFFECTIVE WATER RESISTANCE, MAXIMUM PROTECTION
In unexpected flooding situations, the most important thing is to keep your valuables dry and intact. SentrySafe CHW20201 is specially designed with superior water-resistant capabilities, helping protect documents, cash, and important belongings even when fully submerged. Proven in real testing: After water submersion, the documents inside remain dry - undamaged.
AN ELECTRIFYING NIGHT WITH THE "QUEEN OF DANCE" THU MINH AT THE GRAND HO TRAM!
The stage at The Grand Ballroom is set to catch fire as Vietnam’s undisputed "Queen of Dance," Thu Minh, takes the spotlight. Renowned for her powerhouse vocals, magnetic stage presence, and sultry, high-energy performances, Thu Minh promises an evening of pure musical euphoria. The energy escalates with an exclusive appearance by special guest and The Voice champion, Vu Thao My.
HIGH-QUALITY HUMAN RESOURCES NEEDED TO ATTRACT NEW TECH INVESTMENT CAPITAL
Besides infrastructure, Việt Nam must also rapidly develop a highly skilled workforce to attract investment in AI, semiconductors and advanced manufacturing, experts have said. Don Lam, CEO and co-founder of investment management company VinaCapital, said that global technology investors were increasingly looking at the readiness of the entire ecosystem, with high-quality human resources a decisive factor.
HIRING OUTLOOK STRENGTHENS IN Q4 AS SKILLS SHORTAGES PERSIST
Hiring intentions among employers in Việt Nam strengthened in the fourth quarter, with 52 per cent of surveyed companies planning to increase headcount between October and December, according to a ManpowerGroup survey released this week. Việt Nam's hiring outlook was stronger than the Asia Pacific and Middle East (APME) regional average of 33 per cent and the global average of 29 per cent, ranking third in the region and 11th globally among 42 markets surveyed.
LARGE BANKS FORECAST TO GAIN HIGHER PROFITABILITY IN H2 2026
The return on average assets (ROAA) of the banking sector will likely remain stable at around 1.5 per cent in the second half of 2026, but profitability divergence among banks will increase, with large banks outperforming peers on stronger margins and diversified earnings, analysts forecast. In a recent report on the banking sector, analysts from the Vietnam Investors Service Rating said the sector’s ROAA rose by 10 basis points quarter-on-quarter to 1.51 per cent in the first half of this year, driven by net interest margin (NIM) improvements at some State-owned banks and large private banks.
VIỆT NAM'S FOOTWEAR, BAG EXPORTS TO US TOP $8 BILLION IN EIGHT MONTHS
Việt Nam's exports of footwear and handbags to the US exceeded US$8 billion in the first eight months of 2026, as the US and EU remained the country's biggest markets despite sluggish growth in footwear shipments. Exports from Việt Nam's leather and footwear sector reached more than $2.45 billion in August, down 9 per cent from July but up 3 per cent from a year earlier, according to preliminary statistics.






















