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Home / Resource / The Business Case for: Energy Efficiency in Vietnam’s Textile Industry

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The Business Case for: Energy Efficiency in Vietnam’s Textile Industry

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Date: 30 Nov, 2014
Country: Vietnam
Subject: Energy Efficiency
Type: Reports and Studies

With annual turnover of US$ 20 billion, equivalent to 15% of the country’s GDP, the textile industry is the second leading export sector in Vietnam after crude oil. Vietnam’s Ministry of Industry and Trade (MOIT) estimates that energy costs in the Textile & Garment (T&G) industry are approximately 12% of the total production costs, or close to US$ 3 billion per a year. However, there remain significant opportunities to reduce energy costs by improving energy efficiency through a combination of equipment replacement, usage management, and other measures, representing savings up to 30% as estimated by MOIT. Therefore, efficiently managing energy consumption in T&G plants could result in savings of nearly US$ 1 billion. This paper examines the benefits of the textile industry in taking part in the Industrial Energy Efficiency (IEE) measures that will lower their overall energy consumption. Doing so not only reduces operating costs, but also protects the industry against future risks by mitigating factors such as increasing energy costs and grid reliability. The author also looks at ways in which The United States Agency for International Development’s (USAID) regional Private Financing Advisory Network-Asia (PFAN-Asia) can support interested parties in raising capital with a range of services that include strategic advisory and mentoring on the preparation and refinement of IEE proposals as well as other related documentation necessary for investor outreach.

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The Asia LEDS Partnership Steering Committee includes:

Swiss Agency for Development and Cooperation (SDC)
Department of International Cooperation, Ministry of Economic Affairs, Chinese Taipei
Global Green Growth Institute (GGGI)
U.S. Agency for International Development (USAID)
National Renewable Energy Laboratory, USA
Leadership for Environment and Development (LEAD), Pakistan
International Climate Development Institute (ICDI), Chinese Taipei
The International Centre for Climate Change and Development (ICCCAD), Bangladesh
Ministry of Planning and Investment,  Vietnam
Ministry of Environment, Department of Climate change and International Relations, Mongolia
Climate Change Commission, Philippines
Climate Change Secretariat, Ministry of Mahaweli Development and Environment, Sri Lanka
Programming Division, Planning Commission, Bangladesh
ICF International
Organisation for Economic Co-operation and Development (OECD)
United Nations Environment Programme
UN Economic and Social Commission for Asia and Pacific (ESCAP)
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