Vietnam textile industry successfully overcomes the COVID-19 pandemic: Situation and solutions

Abstract

Vietnam’s textile industry is an important economic sector that contributes to the development of the economy and creates jobs for millions of workers. The COVID-19 epidemic has had a considerable impact on the textile industry. Despite this, Vietnam’s textile industry has gradually overcome difficulties in the past year and achieved excellent production and business results. However, the international context is dramatically currently changing with the conflict between Russia and Ukraine, which has had a significant impact on the global economy, many textile and garment enterprises have fallen into difficult circumstances due to the number of orders for goods declines. To clarify this issue,
the following article will provide information on the context, current situation, opportunities and challenges of Vietnam’s textile industry in recent years and then suggest some solutions to promote the development of textile enterprises the next time.