HANOI, April 16 (Vietnam News/ANN): Digital transformation, creating suitable designs and recycling clothes are now proving to be important target activities for the garment and textile industry towards a circular economy and sustainability.
According to Nguyen Phuoc Hung, Vice President of the Ho Chi Minh City Union of Business Associations (HUBA), the union’s textile and garment enterprises are facing many difficulties, including limited cash flow and failure to access loans, and get disbursement or transfer bad debts. Therefore, since mid-2022, many businesses have not invested, and tended to resell or lose their brands.
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