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).

Vietnam’s textile and garment export turnover to Indonesia reached US$10.057 million in September 2022, more than four times that of the previous month.

The textile and garment sector has predicted that difficulties will remain for its exports in the first half of 2023, but there are also silver linings it can pin hopes on.

VOV.VN - The Trade Office and Embassy of Vietnam opened a pavilion at Intex South Asia, an international textile sourcing show held on December 8 in New Delhi.

VOV.VN - An exhibition week showcasing textile and footwear products kicked off on November 29 in Ho Chi Minh City to help businesses introduce their products and seeks export partners.