AMSTERDAM & HONG KONG & OAKLAND, Calif.--(BUSINESS WIRE)--Apr 17, 2025--
Issued today, the “ Vietnam Country Report: Macroeconomic, Socioeconomic, and Industry Analysis ” report, developed by Cascale with support from the Apparel Impact Institute (Aii), highlights the evolving macroeconomic landscape, sustainability challenges facing apparel and footwear manufacturing, and the rapid expansion of the consumer goods market in Vietnam. A strong economic outlook coupled with bold sustainability initiatives reveals a country poised to play a crucial role in global decarbonization efforts, even as tariffs threaten to put 5.5% of Vietnam's GDP at risk and raise prices for American consumers ( New York Times, April 6). Tariffs and other key topics impacting Vietnam will be on the agenda at the Cascale Forum: Ho Chi Minh City on May 14-15, as Cascale members and non-members alike – including manufacturers, leading brands, service providers, and supply chain partners – come together for an immersive event to address urgent sustainability challenges and opportunities.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250417573936/en/
The report includes critical analysis of data from Cascale’s Higg Facility Environment Module (FEM) tool, exclusively available on Worldly. It is the first in a series of actionable reports filtering Higg FEM insights through a regional lens.
In 2023, over 1,200 verified Higg FEM submissions showed coal exacerbates carbon emissions in the region: 12% of apparel and footwear facilities use coal for energy, while 94% rely on electricity purchased from Vietnam’s coal-dependent grid. Although renewable energy accounts for less than 2% of the sector’s energy use, the analysis underscores opportunities for transformation to a low-carbon economy, including through the Industry Decarbonization Roadmap (IDR) developed by Cascale and Aii.
The report shows Vietnam can couple growth with sustainable manufacturing. Vietnam’s economy is expected to grow by 6.5% in 2025, outpacing regional peers. The manufacturing sector continues to be a key driver, contributing 23.88% to GDP in 2023. Additionally, Foreign Direct Investment (FDI) remains robust, reaching US$31.4 billion in the first 11 months of 2024, signaling investor confidence in Vietnam’s economic resilience. Employing around three million workers and generating an estimated US$71 billion in export revenues for 2024, the apparel and footwear sector is a vital component of Vietnam’s economy but faces significant sustainability challenges, including high energy consumption and carbon emissions. With commitments in place for a 65-70% increase in renewable energy by 2045 – reducing greenhouse gas emissions by a projected 70-80% – Vietnam is committed to supply chain decarbonization, in line with the IDR.
The report brings Cascale and Aii’s IDR into focus as a potential solution. By uniting manufacturers, brands, retailers, and stakeholders around shared goals, the IDR emphasizes collective accountability and pre-competitive collaboration to accelerate systemic change across the supply chain. With a science-based target of reducing supply chain emissions by 45% by 2030, the IDR drives measurable progress through various interventions, solutions, and programs. The IDR ensures resources are targeted, so low-carbon sourcing and other benefits can be realized. This means prioritizing action in the 10% of facilities across the textile and apparel supply chain – including some in Vietnam – that account for over 80% of global manufacturing emissions. By aligning with these initiatives, facilities in Vietnam can play a pivotal role in the global transition to a low-carbon economy.
“This isn’t merely about compliance—it’s about long-term competitiveness,” said Colin Browne, Cascale CEO. “Brands increasingly prefer suppliers who meet robust sustainability standards. Manufacturers investing in sustainability today will secure long-term brand partnerships tomorrow.”
ABOUT CASCALE
Cascale is the global nonprofit alliance empowering collaboration to drive equitable and restorative business practices in the consumer goods industry. Formerly known as the Sustainable Apparel Coalition, Cascale owns and develops the Higg Index, which is exclusively available on Worldly, the most comprehensive sustainability data and insights platform. Cascale unites over 300 retailers, brands, manufacturers, governments, academics, and NGO/nonprofit affiliates around the globe through one singular vision: To catalyze impact at scale and give back more than we take to the planet and its people.
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Cascale issues "Vietnam Country Report: Macroeconomic, Socioeconomic, and Industry Analysis" report.
BARCELONA, Spain (AP) — This was Lamine Yamal's season.
So it just had to be the teenage phenom who scored the decisive goal to clinch Barcelona's 28th Spanish league title.
And what a goal it was.
The 17-year-old struck the winner in Barcelona's 2-0 victory at crosstown rival Espanyol on Thursday when he slid past two defenders outside the area and whipped one his now trademark left-footed curlers into the corner of the net.
It was a perfect culmination to Yamal's last 10 months.
After helping Spain win the European Championship last summer, Yamal excelled for Barcelona this campaign with his goals, dribbling and playmaking as he confirmed his status as the next big star of global soccer. Along with Raphinha, Pedri and company, and Barcelona was unstoppable.
“I always try my best and today I was lucky it went in,” Yamal said. "I am very happy I could help the team and celebrate it.”
Fermín López ensured the win in stoppage time after Espanyol was reduced to 10 men in the 80th when Leandro Cabrera saw a direct red for hitting Yamal in the stomach while disputing a ball.
Barcelona won the title with two rounds remaining. It completed a domestic double with the Copa del Rey title — treble if you add the Spanish Super Cup — and reached the Champions League semifinals in a fantastic first season for coach Hansi Flick.
Flick’s team virtually ended Madrid’s title defense when it beat its top rival 4-3 on Sunday, making it four of four clasico victories across all competitions this season.
Madrid's victory over Mallorca on Wednesday impeded Barcelona from winning the title without playing. But the Catalan club needed just two points from its final three games of the season.
Barcelona’s players danced briefly on the field to celebrate while sprinklers wet them with water.
“You don’t win a league every day and we have to enjoy this and give it the value it has,” said Barcelona midfielder Pedri after completing his 200th game for his club at age 22.
Barcelona dominated the domestic competitions, winning 15 and drawing two of its league games in 2025. Toss in the cups, and the only tiny blemish was coming oh-so-close to reaching the Champions League final before it fell in gut-wrenching fashion at Inter Milan.
Yamal credited his coach for inspiring a core of players who had won nothing last season under Xavi Hernández.
“We are thankful for what Xavi have us, but it is true that coach (Flick) has given us a new life,” Yamal said.
Looking back on his arrival in the summer, Flick said that he had instilled a “positive” attitude in his team and it had adapted well to his style of play that requires a high defensive line and all-in pressing.
“Barcelona has to win titles and three titles is really great,” Flick said. “I suffered a bit after the game in Milan, but after winning three titles I am very happy and the club is too.”
Espanyol outplayed its wealthier rival in the first half. But Urko González shot wide on a counterattack early on and Javi Puado couldn’t beat Wojciech Szczesny in a one-on-one opportunity.
But Yamal's great shot in the 53rd minute put Barcelona in control. Espanyol goalkeeper Joan García, who is linked to a move to a big club this summer, including Barcelona, dove but couldn’t reach the perfectly placed shot.
On Yamal’s goal, Pedri said: “He scored two goals like that today in practice. We are fortunate to have him on our side.”
Espanyol needed to a good result from the derby as it hopes to stay out of the relegation fight. Espanyol remained in 16th place and five points from the drop zone.
The game was briefly paused by the referee in the opening minutes when a car rammed into a crowd outside the RCDE Stadium, injuring several people. Authorities said it was an accident and not related to the game.
AP soccer: https://apnews.com/hub/soccer
Barcelona fans celebrate in the street after their team won the Spanish La Liga soccer championship in Barcelona, Spain, Thursday, May 15, 2025. (AP Photo/Emilio Morenatti)
Barcelona's Hector Fort celebrates at the end of the Spanish La Liga soccer match between Barcelona and Espanyol at Lluis Companys Olympic Stadium in Barcelona, Spain, Thursday, May 15, 2025. (AP Photo/Joan Monfort)
Barcelona players celebrate at the end of the Spanish La Liga soccer match between Barcelona and Espanyol at Lluis Companys Olympic Stadium in Barcelona, Spain, Thursday, May 15, 2025. (AP Photo/Joan Monfort)
Barcelona players celebrate after a goal during a Spanish La Liga soccer match between Espanyol and Barcelona in Barcelona, Spain, Thursday, May 15, 2025. (AP Photo/Jose Breton)
Barcelona's Fermin Lopez, celebrates after scoring his side's second goal during a Spanish La Liga soccer match between Barcelona and Espanyol at Lluis Companys Olympic Stadium in Barcelona, Spain, Thursday, May 15, 2025. (AP Photo/Joan Monfort)
Barcelona's Lamine Yamal reacts after scoring during a Spanish La Liga soccer match between Espanyol and Barcelona in Barcelona, Spain, Thursday, May 15, 2025. (AP Photo/Jose Breton)
Espanyol's Antoniu Roca, left, attempts a shot at goal in front of Barcelona's Gerard Martin during a Spanish La Liga soccer match between Barcelona and Espanyol at Lluis Companys Olympic Stadium in Barcelona, Spain, Thursday, May 15, 2025. (AP Photo/Joan Monfort)
Espanyol's Javi Puado, left, attempts a shot at goal in front of Barcelona's Andreas Christensen during a Spanish La Liga soccer match between Barcelona and Espanyol at Lluis Companys Olympic Stadium in Barcelona, Spain, Thursday, May 15, 2025. (AP Photo/Joan Monfort)
Barcelona's Lamine Yamal, left, celebrates with his teammates after scoring his side's opening goal during a Spanish La Liga soccer match between Barcelona and Espanyol at Lluis Companys Olympic Stadium in Barcelona, Spain, Thursday, May 15, 2025. (AP Photo/Joan Monfort)
Barcelona's Lamine Yamal spits out water as he warms up prior to a Spanish La Liga soccer match between Barcelona and Espanyol at Lluis Companys Olympic Stadium in Barcelona, Spain, Thursday, May 15, 2025. (AP Photo/Joan Monfort)
Barcelona's Lamine Yamal drinks water as he warms up prior to a Spanish La Liga soccer match between Barcelona and Espanyol at Lluis Companys Olympic Stadium in Barcelona, Spain, Thursday, May 15, 2025. (AP Photo/Joan Monfort)
Barcelona's Lamine Yamal, center, celebrates after scoring his side's opening goal during a Spanish La Liga soccer match between Barcelona and Espanyol at Lluis Companys Olympic Stadium in Barcelona, Spain, Thursday, May 15, 2025. (AP Photo/Joan Monfort)
Barcelona's Lamine Yamal, left, runs with the ball past Espanyol's Carlos Romero during a Spanish La Liga soccer match between Barcelona and Espanyol at Lluis Companys Olympic Stadium in Barcelona, Spain, Thursday, May 15, 2025. (AP Photo/Joan Monfort)
Barcelona's Lamine Yamal, left, celebrates with his teammate Alejandro Balde after scoring his side's opening goal during a Spanish La Liga soccer match between Barcelona and Espanyol at Lluis Companys Olympic Stadium in Barcelona, Spain, Thursday, May 15, 2025. (AP Photo/Joan Monfort)
Barcelona's Lamine Yamal attempts a shot at goal to scores his side's opening goal during a Spanish La Liga soccer match between Barcelona and Espanyol at Lluis Companys Olympic Stadium in Barcelona, Spain, Thursday, May 15, 2025. (AP Photo/Joan Monfort)
