Danish businesses accompany Vietnam in green transformation

On October 30, in Ho Chi Minh City, the Embassy of Denmark in Vietnam in collaboration with LTP - Asia Group held the inauguration ceremony of the project to upgrade the LTP textile factory with a modern solar power system.

The inauguration ceremony is concrete evidence of the growing green strategic partnership between Vietnam and Denmark. (Source: Danish Embassy in Vietnam)

This event not only marks a significant step forward in LTP's journey towards green and sustainable production, but also serves as concrete evidence of the growing green strategic partnership between Vietnam and Denmark.

Over the years, Vietnam and Denmark have built a close cooperative relationship based on shared goals of sustainable development, innovation, and inclusive growth. At the heart of this bilateral cooperation is the Green Strategic Partnership, which aims to connect government -level collaboration with the active participation of the private sector to promote the green transition in Vietnam.

From clean energy, healthcare, and food safety to education , the Green Strategic Partnership has played a vital role in supporting Vietnam in achieving its national development goals and realizing its vision for sustainable development.

Green trade and investment are the two main pillars of this Green Strategic Partnership. Currently, more than 150 Danish companies are operating in Vietnam, bringing world-leading green technologies, sustainable business models, and expertise to support Vietnam's transition to a low-emission economy .

In particular, LTP's investment project in solar energy is a prime example of the practical contribution of Danish businesses, aiming not only to minimize environmental impact but also to promote innovation and enhance long-term competitiveness.

By combining business growth and green solutions, LTP demonstrates that businesses can achieve success while simultaneously protecting the environment. LTP's solar power system will meet approximately 35.8% of the factory's electricity needs, while also reducing nearly 482 tons of _CO2 emissions annually.

Since establishing diplomatic relations in 1971, Vietnam and Denmark have maintained a deep, comprehensive, and ever-growing cooperative relationship.

On November 1, 2023, the Prime Ministers of the two countries jointly announced the establishment of the Green Strategic Partnership (GSP) between Vietnam and Denmark. This is considered a significant milestone in bilateral cooperation, laying a solid foundation to support Vietnam in developing a low-emission economy, adapting to climate change, and promoting a circular economy.

The Green Strategic Partnership (GSP) is built and developed upon the existing cooperation between the two countries in the following areas: climate, environment and energy; food and agriculture; trade and business cooperation; health and life sciences; statistics; and other initiatives for mutual benefit.

Danish Ambassador to Vietnam Nicolai Prytz speaks at the ceremony. (Source: Danish Embassy in Vietnam)

Speaking at the ceremony, the Danish Ambassador to Vietnam, Nicolai Prytz, shared that the transition to green energy and sustainable production is not only inevitable but also a competitive advantage for Vietnam in the global economy.

"We are proud to see Danish companies like LEGO, Pandora, and today LTP, pioneering in demonstrating that social responsibility and business success can go hand in hand. LTP's solar-powered factory is a great example of how businesses can produce and develop sustainably, and it also showcases the close partnership between the two countries," the Ambassador pointed out.

Mr. Lars Mehli Overgaard, General Director of LTP Group - Asia, speaks at the event. (Source: Danish Embassy in Vietnam)

Furthermore, Mr. Lars Mehli Overgaard, General Director of LTP Group Asia, expressed: “Through investing in a more sustainable garment manufacturing model, we reaffirm our commitment to putting people and the environment at the center, building trust through responsible actions and continuous innovation for improvement. We are extremely grateful for the support of the local authorities and our long-standing partners in Vietnam and Denmark, who have helped us realize this development journey.”

Against the backdrop of the world facing increasingly complex challenges from climate change, the Vietnam-Denmark Green Strategic Partnership continues to be a model demonstrating how international cooperation can drive real change.

LTP's renewable energy plant in Vietnam affirms the pioneering role of the private sector in promoting economic and environmental benefits, and demonstrates that green transformation is entirely feasible when the government, private businesses, and the community work together.

LTP Group Asia is part of the Danish-based LTP Group, a global manufacturer of sportswear & outdoor apparel, as well as sustainable fashion & lifestyle products. With nearly 40 years of experience in textile manufacturing, LTP expanded its operations to Vietnam in 2009 and currently employs over 1,000 people and exports high-quality products to international markets.

LTP Vietnam is highly regarded for its outstanding sustainability performance, achieving an 89% Higg FEM score, holding ISO 9001 and ISO 14001 certifications from BSI Vietnam, and a B rating in social compliance assessment. The company is also a member of the Fair Labor Association (FLA).

With continuous investments in green technology, digital transformation, and automation, LTP is setting a new standard for responsible manufacturing in the Asian region.

Source: https://baoquocte.vn/doanh-nghiep-dan-mach-dong-hanh-cung-viet-nam-trong-chuyen-doi-xanh-332752.html