ENHANCING RESPONSIBILITY ACCOUNTING IN ENTERPRISES OF THE VIETNAM NATIONAL TEXTILE AND GARMENT GROUP (VINATEX) TO MEET THE REQUIREMENTS OF THE CIRCULAR ECONOMY

Abstract

The Vietnam National Textile and Garment Group (Vinatex) plays a crucial role in the textile and garment industry, contributing significantly to exports while facing growing challenges of resource consumption and environmental impacts. In the transition toward a circular economy, responsibility accounting systems in Vinatex enterprises need to be improved to capture not only financial performance but also environmental and social responsibilities. This paper analyzes the current state of responsibility accounting within Vinatex enterprises, identifies limitations in integrating sustainability dimensions, and proposes solutions for improvement. The recommendations include expanding the scope of recording environmental and social costs, developing responsibility indicators related to recycling and resource efficiency, applying digital technologies to enhance data transparency, and adopting integrated reporting in line with international standards. The findings provide scientific evidence to strengthen governance capacity and promote sustainable competitiveness for Vinatex