Sustainable development general trend of the economy

Industry News
Sustainable development general trend of the economy

25/12/2021

Sustainable development general trend of the economy

On the path of integration and development to join the global market, Bao Minh understands the importance of sustainability in terms of the economy, society, and environment.

Definition of sustainability

Sustainable development is defined as the process of fulfilling current demands without affecting future generations’ capabilities to serve their needs. It means growing by combining economic growth, social problem resolution, and environmental conservation in a close and harmonious approach.Sustainable development consists of three fundamental components: economic growth, social justice and environmental protection. The sustainability concept is constructed based on a common element of human progress: ensuring generational equality.

The importance of sustainability

Nowadays, besides the development of the world economy, there are also many challenges such as: climate change, water scarcity, inequality and poverty,… They all would only be solved globally by encouraging economic, social and environmental sustainability.

Sustainability ensures the economic sustainability

Sustainable development means the growth and development of a healthy economy, which can still meet the market demand. Economic sustainability improves people’s living standards to avoid future economic recession or stagnation, especially the burden of debt, preventing it from poorly affecting future generations.

Sustainability ensures the social sustainability

Sustainable development also ensures social sustainability reflected in social justice and human development through the HDI index. Accordingly, sustainability can be observed in ensuring health, nutrition, education, eradicating hunger and reducing poverty, ensuring social justice and creating opportunities for all members of society to be equal. It results in reducing social conflict or war possibility.

Sustainability ensures the environmental sustainability.

Sustainability ensures the environmental sustainability

Sustainable development attempts to maximize the use of natural resources while both safeguarding and increasing the quality of the living environment in a positive direction. This contributes to a green, clean, and beautiful environment for people, as well as a really harmonious relationship between individuals, society, and nature.

Bao Minh Textile aims at completely sustainable development

At Bao Minh, there are three core values that always go throughout formation and development of the company.
First and foremost, we focus primarily on people, considering them to be the most important aspect of long-term success. We continuously invest, recruit, and construct facilities, as well as the finest regulations and remuneration, to ensure that employees can meet their material and spiritual needs. We always comply with our commitments on employees’ conditions and rights such as timely visits, sickness, maternity, birthday gifts… In addition to providing a safe and open workplace , we regularly organize training and encourage individual development.

The next element is to achieve long-term growth. We develop our business while also focusing on environmental protection and social improvement. To achieve the goal, we use materials that are appropriate for sustainable development, such as BCI cotton, Oeko-Tex certified yarn, and chemicals from suppliers who share similar environmental concerns. Building and using the ISO 14001:2015 Environmental Management System for all industrial processes is a major priority for Bao Minh. Besides, we are utilizing the common wastewater treatment system of Bao Minh Industrial Park. This is a synchronized, advanced infrastructure system that can process 20,000 m3/day,guaranteeing that wastewater meets with government’s standards before being discharged into the environment. Moreover, we invest in a boiler system with the most up-to-date exhaust gas treatment design to preserve the environment. We also build a green, clean and beautiful working environment by planting more trees, participating in self-managed garden activities, collecting and classifying garbage and having a plan to properly treat hazardous waste.

Ultimately, it is customer satisfaction. Bao Minh Textile is committed to providing quality products, professional services, and timely delivery. We apply strict and meticulous quality assurance principles. Through the production process from testing, weaving, dyeing to waste treatment, Bao Minh has a very detailed set of criteria for evaluating the quality of finished products. Depending on each customer’s requirements, we apply the test method based on the international standard ISO or JIS of Japan. We monitor the full quality cycle, including input materials, production workshop quality, and finished fabric output. In addition, we evaluate product quality in terms of color, fabric roll, and packaging based on customer requirements. Especially for dyeing, Bao Minh Textile uses the AATCC (American Association of Textile Chemists and Manufacturers) standard color set for comparison and evaluation.
Bao Minh Textile has always attempted to develop due to the close and reasonable combination of economic, social, and environmental development. We witness that sustainability is an essential requirement in production and business.