Bản tin hàng tháng OneStepVietnam – Tháng 2/2025
ECONOMIC NEWS
At the Vietnam International Trade Fair for Apparel, Textiles and Textile Technologies (VIATT 2025), leading corporations showcased their commitment to sustainability and green manufacturing practices. Local enterprises are increasingly turning to eco-friendly materials such as organic cotton, recycled polyester, and Tencel, while global brands operating in Vietnam have pledged to achieve net-zero carbon emissions by 2050.
Vietnam’s textile industry, which encompasses approximately 7,000 companies and employs over 3 million workers, allocates around 80% of its production for export, with the remaining 20% serving the domestic market. The industry’s ongoing expansion is supported by a well-developed logistics network, a skilled workforce, and a stable political environment.
Meanwhile, Vietnam’s home textile market is forecast to grow at a compound annual growth rate (CAGR) of 2.4% between 2024 and 2032, driven by rising demand for contemporary home textiles, the rapid growth of e-commerce, and supportive government policies.
From March 1, the new organizational structure of the ministries, ministerial-level agencies, and government-affiliated agencies officially comes into operation. The Government structure consists of 14 ministries and 3 ministerial-level agencies, including 6 newly established ministries formed through the merger and restructuring of existing ministries and sectors.
Among them:
– The Ministry of Home Affairs is established based on the merger of the Ministry of Home Affairs and the Ministry of Labour, Invalids and Social Affairs.
– The Ministry of Agriculture and Environment is formed by merging the Ministry of Agriculture and Rural Development with the Ministry of Natural Resources and Environment.
– The Ministry of Finance is merged with the Ministry of Planning and Investment, and the Vietnam Social Security is consolidated.
Source: Voice of Vietnam and Vietnam Economic News
NEW LEGAL REQUIREMENTS
1. Circular No. 13/2024/TT-BXD The Circular Outlines the Procedures and Technical Regulations for Greenhouse Gas (GHG) Emission Inventory, as well as the Measurement, Reporting, and Verification (MRV) of GHG Emission Reductions in The Construction Sector
A. Scope of application
This Circular applies to the following entities:
– Facilities in the construction sector that are listed in the updated Greenhouse Gas (GHG) Emission Inventory Facility List, as specified in Decision No. 13/2024/QD-TTg dated August 13, 2024, issued by the Prime Minister;
– Relevant agencies, organizations, and individuals involved in GHG emission inventory, measurement, reporting, and verification (MRV) of emission reduction efforts at both sectoral and facility levels within the construction industry.
B. Process
The processes of greenhouse gas (GHG) emission inventory, measurement, reporting, and verification (MRV) of emission reductions must ensure completeness, consistency, transparency, and accuracy throughout all stages.
– Greenhouse Gas (GHG) Emission Inventory Process
The GHG emission inventory is carried out following these steps:
Step 1. Define the scope of the GHG emission inventory.
Step 2. Determine the methodology for collecting activity data required for the inventory.
Step 3. Collect activity data to serve the GHG emission inventory.
Step 4. Select emission factors for GHG calculation.
Step 5. Calculate GHG emissions based on collected data and chosen factors.
Step 6. Implement quality control and assurance throughout the inventory process.
Step 7. Assess the uncertainty of the inventory results.
Step 8. Recalculate GHG emissions if necessary to ensure accuracy.
Step 9. Prepare the GHG emission inventory report in line with regulations.
Step 10. Verify and submit the final GHG emission inventory results for approval.
– Process for Measurement, Reporting, and Verification (MRV) of Greenhouse Gas (GHG) Emission Reduction
The MRV process for GHG emission reduction is carried out in the following steps:
Step 1. Develop a GHG emission reduction plan, outlining specific measures and targets.
Step 2. Measure the results of implemented GHG emission reduction actions.
Step 3. Prepare and submit a GHG emission reduction report, detailing the outcomes and supporting data.
Step 4. Verify and submit the final results of GHG emission reduction for assessment and approval.
The Circular was issued on December 20, 2024 and came into force from February 5, 2025.
2. Decision No. 222/QD-TTg Issues the National Action Plan for Circular Economy Implementation through 2035
This plan outlines the strategic roadmap and specific measures to transition to a circular economy in Vietnam, aiming to enhance resource efficiency, reduce waste, and promote sustainable development across various sectors. The plan emphasizes the need for innovation, effective legal frameworks, and collaboration between government, industries, and society to achieve the goal of a circular economy by 2035.
Goals and Targets
By 2030, the country aims to reduce the exploitation of non-renewable resources, improve resource efficiency, and promote energy saving. Key targets include achieving a 47% share of renewable energy in primary energy consumption and reducing energy usage by 8-10%. In waste management, 95% of urban solid waste and 80% of rural solid waste should be collected and treated, while minimizing landfill disposal to below 50%. Additionally, Vietnam aims to reduce greenhouse gas emissions per GDP by at least 15% compared to 2014 levels.
By 2035, Vietnam plans to establish a circular economy driven by innovation, environmental sustainability, and economic growth, positioning itself as a leader in the ASEAN Economic Community. The country aims to become a hub for circular economy technologies, products, services, and investment. It also seeks to achieve the national goals of efficient resource use, climate change adaptation, and sustainable development as outlined in the Party’s resolutions and the nation’s policies and legal frameworks. The plan focuses on fostering innovation, creating jobs, and attracting green investments to support circular economy practices.
Key tasks and Solutions for Circular Economy Implementation
The National Action Plan for Circular Economy through 2035 outlines five core tasks and solutions:
– Raising awareness, knowledge, and skills while promoting best practices in circular economy implementation.
– Developing and improving legal frameworks and policies to strengthen state management efficiency and support circular economy integration.
– Supporting the application of circular economy models in production, business, and consumption activities, encouraging eco-design, sustainable production, and responsible consumption.
– Enhancing waste management by expanding circular waste handling models and promoting investment in sustainable waste solutions.
– Boosting cooperation, supervision, and evaluation, with a focus on partnerships, data sharing, and monitoring tools to track progress in circular economy practices.
The full list of tasks, solutions, and activities under Vietnam’s National Action Plan for Circular Economy through 2035 is detailed in Appendix I of the decision.
The priority sectors to drive the transition to a circular economy by 2035:
– Agriculture, forestry, and fisheries
– Energy
– Mining and mineral processing
– Manufacturing and processing industries
– Chemical industry
– Construction
– Transportation
– Services and tourism
– Waste management
– Development of urban areas, residential zones, industrial parks, industrial clusters, and service hubs.
ONESTEPVIETNAM NEWS
This month, we provided regular audit, assessment, Higg FEM and SLCP verification services for its customers as our usual business. Besides, we provide the internal consultation to improve the CSR system for the factories.
OneStepVietnam is set to celebrate its 20th anniversary this March. For the latest updates on the event, please visit our official website and follow us on social media networks.
OneStepVietnam team – February 2025