Business News

Việt Nam’s textile and garment industry is pressing forward with steady growth and enhanced positioning in the global supply chain, thanks to timely strategies in response to ongoing international challenges. As of April 15, Việt Nam’s total textile and garment export turnover reached US$1.8 billion, representing an 8.7 per cent increase compared to the same period in 2024.

Just one year since production began, the innovative line of flame-retardant products at the Vietnam National Textile and Garment Group (Vinatex) is opening the door to fresh export opportunities. This breakthrough comes as a result of a memorandum of understanding between Vinatex and the UK-based Coats Group, a global leader in high-performance threads and materials. The project has already received high marks under Coats’ rigorous supplier evaluation system.

According to Chairman of the Việt Nam Textile and Apparel Association (VITAS) Vũ Đức Giang, many Vietnamese enterprises are already weaving eco-friendly materials like organic cotton, recycled polyester, and Tencel. This aligns with global trend as major global brands operating in Việt Nam have committed to achieving net-zero carbon emissions by 2050 under the Fashion Industry Charter for Climate Action.

In 2025, Vietnam's textile and garment industry targets US$47-48 billion in export revenue, a US$3-4 billion increase from last year. To achieve this, businesses must expand markets and secure a proactive raw material supply while meeting strict standards on transparency, sustainability and labor compliance from key importers like the U.S. and the EU.

The domestic textiles and garment industry is witnessing a surge in export orders in 2025, driven by a positive economic outlook and competitive advantages, positioning the country as a key player in the global market.

The combination of sustainability and culture will open up more opportunities for Vietnamese textile enterprises to strengthen their position in the global market and capture the promising Nordic fashion market.

By leveraging last year's robust recovery, Vietnam's garment and textiles sector is poised for significant growth in 2025, driven by shifting global demand, green production practices, and technological advancements.

The leather and footwear industry has set a target of achieving export value of US$29 billion this year, an increase of ten per cent year-on-year, according to the Việt Nam Leather, Footwear and Handbag Association (Lefaso).