Environmental Cost Management Accounting: A Study in Vietnamese Textile Enterprises

Environmental cost management accounting has become a key management tool for tracking and effectively managing environmental costs. This article focuses on the essence of environmental cost management accounting and the factors influencing its implementation in the Vietnamese textile industry. A survey was conducted on 356 garment enterprises in Vietnam using questionnaires. The findings indicate that, overall, the implementation of environmental cost management accounting impacts the financial performance of these companies. The results suggest that promoting the adoption of environmental cost management accounting is crucial for enhancing the financial efficiency of Vietnamese textile enterprises. The article also offers several recommendations to encourage the increased practice of environmental cost management accounting, aiming for sustainable development.