- THE MOUTHPIECE OF THE VIETNAM ASSOCIATION OF SMALL AND MEDIUM ENTERPRISES
The chairman of VITAS is confident that this year's textile and garment export turnover will definitely reach the target of $44 billion, despite the challenging global economic backdrop.
Although the demand for Vietnamese textiles is forecast to rise steadily in the short term, firms are concerned that tight material supply will impede their export plans.
The textile industry faces challenges such as importing raw materials, price fluctuations, and fierce competition. Therefore, flexible credit policies play a crucial role in ensuring the survival of textile enterprises.
To participate in the supply chain, textile enterprises must change their production strategies through process improvements, innovation in machinery and equipment, technology updates and greening of production stages to enhance quality.