PM urges SYRE to invest in green, circular textile industry in Vietnam
The PM hailed SYRE’s plan to invest in the south-central province of Binh Dinh, calling it a wise choice given the locality’s favourable business environment and well-developed infrastructure, including an airport and deep-water seaport.
Prime Minister Pham Minh Chinh hosts Susanna Campbell, Chair of Swedish textile recycling group SYRE. (Photo: VNA)
Hanoi (VNA) ꦛ– Prime Minister Pham Minh Chinh on April 23 hosted Susanna Campbell, Chair of Swedish textile recycling group SYRE, and Swedish Ambassador to Vietnam Johan Ndisi, calling on SYRE to invest in developing a green and sustainable textile industry in Vietnam.
Welcoming the SYRE delegation’s visit to explore investment opportunities in green production and the circular economy, PM Chinh encouraged the firm to leverage Vietnam’s abundant textile waste and surplus materials to manufacture sustainable products, while utilising clean energy and eco-friendly inputs in the production process.
The PM hailed SYRE’s plan to invest in the south-central province of Binh Dinh, calling it a wise choice given the locality’s favourable business environment and well-developed infrastructure, including an airport and deep-water seaport.
He affirmed Vietnam’s pursuit of rapid yet green and sustainable development, targeting an 8% growth rate this year and double-digit growth in the following years, based on science, technology, innovation, and digital transformation. To achieve this, the country seeks strong international cooperation in capital, technology, governance, and human resources.
Prime Minister Pham Minh Chinh calls on SYRE to invest in developing a green and sustainable textile industry in Vietnam. (Photo: VNA)
Campbell said SYRE is accelerating efforts to expand into international markets with a focus on green transition and sustainability, especially in the textile sector. She expressed her desire to work with Vietnam to transform the country into a global hub for circular textile production.
She added that SYRE’s manufacturing model aims to be fully circular, producing outputs equivalent to textile-grade input materials. SYRE considers Vietnam a strategic location in the region, where the green transition is gaining momentum.
The PM noted that Vietnam is the leading producer of renewable energy in Southeast Asia and remains committed to expanding its clean energy sector. He reiterated the country’s strong support for the EU’s strict environmental standards and its proactive implementation of green energy, circular economy practices, and sustainable textile materials in line with COP26–28 goals.
He affirmed that Vietnam encourages high-tech foreign investment and is ready to support SYRE in operating effectively and efficiently in Vietnam. He also expressed his wish to further deepen Vietnam–Sweden relations through cooperation in green growth and circular economy development.
Ambassador Ndisi affirmed Sweden’s commitment to working with Vietnam on the green transition, stressing that Swedish companies are adopting long-term investment strategies in the country. He expressed his hope that the two countries will soon elevate their bilateral ties to a new level.
SYRE is planning a 1 billion USD investment in a polyester fabric recycling complex in Binh Dinh province, with the aim of turning Vietnam into the world’s first high-tech circular textile hub meeting US and EU sustainability standards, aligned with Vietnam’s net-zero emissions goal./.
Thang noted that as Vietnam is streamlining its political system, the Party and Government are keen on studying international models of public administration, including Sweden’s. Thus, the HCMA wants to boost collaboration with the Swedish side on administrative reform and public governance against the backdrop of digital transformation.
If the US implements the announced 46% reciprocal tariff, Vietnamese textile and garment products would face average duties between 61-62% when entering the market, given the current 15-16%.
The trip will be made at the invitations of Chinese Premier Li Qiang and WEF President and CEO Børge Brende, according to an announcement from the Ministry of Foreign Affairs.
Long spoke highly of the dynamic, positive, and comprehensive development of Vietnam – Russia relations in recent years. He affirmed that the Vietnamese Party and State place great importance on further strengthening the comprehensive strategic partnership with Russia in a substantive and effective manner, in line with the development needs of both nations.
At the conference, participants reported that the Government has so far issued 28 decrees on the delegation of responsibilities and powers between the central Government and two-tier local administrations. Several localities have already piloted the new governance model.
Reality is the ultimate benchmark for success, he said, urging drafting agencies to work out policies that foster development, reduce bureaucratic hurdles, and respect practical conditions.
Under the official dispatch signed on June 20, ministers, heads of ministerial-level agencies, and chairpersons of provincial and municipal People’s Committees are requested to concentrate efforts on implementing core measures to ensure the smooth operations of the new administrative framework.
The Party chief underscored the need for the press to innovate relentlessly, evolve to keep pace with the country's development, transform into a truly professional, humanistic, and modern sector that serves the cause of the Party, the State, and the people on the path to national construction and development.
The UN Secretary-General praised Vietnam’s remarkable achievements in socio-economic development and international integration in recent years, noting that the country has emerged as a model in implementing the Sustainable Development Goals (SDGs), promoting international peace and security, and engaging in key UN processes.
Nghia affirmed that this is a milestone of special significance, affirming and honouring the the Vietnamese revolutionary press’s glorious tradition of 100 years of serving the revolutionary cause of the Party, serving the Fatherland, and serving the people.
The Party and State of Vietnam always attach great importance to and give top priority to the development of Vietnam–China relations. Vietnam is ready to work with the Chinese Party and State to further deepen the Comprehensive Strategic Cooperative Partnership and promote the building of the Vietnam-China community with a shared future that carries strategic significance.
Under the leadership of President Ho Chi Minh and the CPV, President Cuong said, the press has been a steadfast force on the ideological and cultural front, rallying the masses to pursue national aspirations.
NA Chairman Tran Thanh Man stressed the need to accelerate the application of artificial intelligence and smart teaching equipment, innovate teaching and assessment methods, and further improve the quality of formal education.
He also pledged that the NA will promote its ongoing supervision, making sure that every promise must lead to results, and every commitment must bring about real changes.
Minister of Industry and Trade Nguyen Hong Dien welcomed the proposals put forward by the US side and reiterated Vietnam’s request for consideration of key areas of interest, including reciprocal tariff policies and access for Vietnamese key export products to the US market.
Deputy PM Le Thanh Long proposed countries promote shared values, including building trust, sincerity, and solidarity among nations and peoples; fostering cooperation spirit and responsible behaviour as well as upholding international law and the UN Charter; and placing people at the centre and as the goal, the key player, and the driving force of all policies.
The show, together with a grand parade to be held silmutaneously at Ba Dinh Square in Hanoi, will celebrate the 80th anniversary of the August Revolution, the National Day, and the General Staff of the Vietnam People’s Army (VPA).
In particular, in April 2023, the two sides successfully carried out a joint operation that dismantled a major organised, transnational drug trafficking ring involving both Vietnamese and Cambodian suspects.
The Vietnamese Embassy in Israel is closely coordinating with relevant local agencies to stay informed and provide the utmost support possible for Vietnamese nationals.
The launch of Thanh Nien (Young People) newspaper in 1925, even before the founding of the Communist Party of Vietnam, is considered a testament to President Ho Chi Minh’s strategic foresight and strong belief in the guiding power of the revolutionary media.
