VOV.VN - Vietnam always attaches importance to relations with Bangladesh and desires to develop strong relations across a variety of fields.

Given an unstable global economy with strong consumer demand for transparency and sustainability, Vietnam's textile-garment industry is facing mounting difficulties, prompting a need to transform for growth.

Diversifying sources of materials and stepping up digital transformation have been regarded as the key to the building of a smart, sustainable supply chain in the garment-textile sector, insiders said.

Digital transformation, creating suitable designs and recycling clothes are now proving to be important target activities for the garment and textile industry towards a circular economy and sustainability.

VOV.VN - The garment industry has been struggling to deal with a serious shortage of export orders over the past few months, and the challenging period is forecast to last for several months more.

Textile and garment businesses in Vietnam are taking steps to switch to green production to meet partners’ demand and achieve sustainable development, the Cong Thuong (Industry & Trade) newspaper reported.

VOV.VN - Between the beginning of the year and mid-February Vietnam’s exports decreased by 9.2% to US$37 billion against the same period from last year due to rising inflation in major markets globally, according to the latest statistics compiled by the General Department of Vietnam Customs.

With obstacles and challenges awaiting the garment and textile sector in the first half given a lack of recovery signal in global demand, most firms have prepared their schemes to overcome.

The profits of Vietnamese textile and garment enterprises were diverse in the fourth quarter, with many big names posting great losses.

Vietnam’s textile, garment and footwear makers aim to achieve a combined export value of US$77-US$80 billion in 2025 and US$106-US$108 billion in 2030, according to the strategy for the development of Vietnam’s textile and footwear industries.