The Vietnam Improvement Program has helped 82 garment-textile and footwear factories in Vietnam invest 37 million USD in efficient use of resources, thus saving 30 million USD per year, according to the International Finance Corporation (IFC).

A garment-textile factory in Vietnam 

Over the last three years, the programme, initiated by the IFC – a member of the World Bank Group, has also helped those factories save a total of 4 million cu.m. of water and reduce 303,000 tonnes of green house gas emission a year.

 Effective use of resources and performance improvement have enabled Vietnamese businesses to attract new customers who seek suppliers meeting global sustainable standards.

 Country manager for Vietnam, Laos and Cambodia of the IFC Kyle Kelhofer said the measures not only save production costs but also raise competitiveness of domestic firms in the global supply chain.

 Vietnam is currently among the 10 largest garment-textile exporters of the world, with export turnover hitting more than 30 billion USD annually, greatly contributing to the country’s economic growth. However, chemical waste of the sector is also a major cause of environmental pollution.