Amidst challenges including falling demand and geopolitical uncertainties, Vietnam's garment and textile sector is implementing strategies to sustain production and business activities.

According to industry insiders, while enterprises have received more export orders, prices remain stagnant or even decline by 30-50%. Furthermore, looming increases in cotton prices and stiff competition in the Chinese market pose additional hurdles.

General Director of Vinatex, Cao Huu Hieu, emphasizes the importance of seizing opportunities, restructuring organizations, and enhancing productivity through advanced management solutions.

Vinatex Chairman, Le Tien Truong, acknowledges the challenges but emphasizes the potential for development with sound business strategies and engagement in the digital and green economy.

However, Nguyen Xuan Duong, Chairman of Hung Yen Garment Corporation, highlights the burden of high input costs and workforce transitions. He urges for supportive policies to access capital and improve workers' livelihoods.

Despite these challenges, the sector saw nearly a 10% growth in export turnover during January-March, serving as a driving force towards achieving the annual target of $44 billion.