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 utilizing clean energy and eco-friendly inputs in the production process.
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Prime Minister Pham Minh Chinh shakes hands with Chair of Swedish textile recycling group SYRE Susanna Campbell. |
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 favorable 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.
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 E.U.’s strict environmental standards and its proactive implementation of green energy, circular economy practices, and sustainable textile materials in line with COP26-28 goals.
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An overview of the reception for SYRE Chair |
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 U.S. and E.U. sustainability standards, aligned with Vietnam’s net-zero emissions goal.
Source: VNA