VOV.VN - An international textile trade fair opened in Ho Chi Minh City on March 22, displaying the latest and most popular fabrics that are expected to become spring-summer trends this year.

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.

A year since Vietnam reopened after a global pandemic, the country has seen trade recovering strongly.

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.

Vietnam’s textile and apparel sector is aiming to climb up the value chain, but export and distribution networks remain fundamental flaws.

VOV.VN - Despite enduring numerous difficulties, the garment, textile and leather footwear sectors raked in US$71 billion last year, according to details given by the Vietnam Textile and Apparel Association (Vitas).

Textile and garment exports may reach US$47 - US$48 billion in the positive scenario for 2023 and US$45 - US$46 billion in the lower-case scenario, said the Vietnam Textile and Apparel Association (VITAS).