Want to be in the loop?
subscribe to
our notification
Business News
GARMENT SECTOR TARGETS USD3 BILLION EXPORT VALUE TO ROK
The highest growth was seen in jackets, overcoats, suits and male and female trousers.
The Republic of Korea is Vietnam's fourth-largest textile and garment export market.
The Ministry of Industry and Trade said last year the market share of Vietnam textile and garment export to the RoK reached 16.4 percent, an increase of 2.1 percent compared to 2013.
This year, the RoK's textile and garment import turnover is expected to reach USD16.3 billion, an increase of 11.6 percent over last year.
Tran Viet, head of the Vietnam Textile and Garment Group's market department, said the RoK is still a major market for Vietnamese textiles and garments, along with markets such as the US, the EU and Japan.
He said that textile and garment export turnover to the RoK is expected to keep pace with exports to Japan and to narrow the gap with exports to the EU.
Viet pointed out that textile and garment exports to Japan reached USD2.7 billion last year, only USD300 million higher than the Korean market. Export turnover for the EU market was USD3.4 billion.
Nguyen Van Thang, Production Director of the Bac Giang Garment Joint-Stock Co in Bac Giang province, said last year the company's export turnover reached USD160 million, of which the RoK market accounted for 40 percent.
The company plans to give priority to the RoK this year and in coming years, he added.
Thai Binh's Dong Phong Ltd. Co said it will raise investment in order to increase exports to the RoK this year, as it sees many opportunities there.
Le Tien Truong, Vice Chairman of the Vietnam Textile and Garment Association, said compared to other export sectors, textile and garment businesses have made adequate preparations ahead of upcoming foreign trade agreements.
According to the General Customs Office, the number of Vietnamese businesses with import/export activities with the RoK increased from 10,900 in 2013 to 13,100 last year.
In the textile and garment sector, there are more than 100 domestic enterprises and 510 RoK-invested companies./.
Source: CPV
Related News

REACHING ECONOMIC TARGETS HINGES ON BALANCING GDP GROWTH AND INFLATION CONTROL
To maintain economic stability, the Deputy Prime Minister underscored the need for an uninterrupted supply of fuel, electricity, and essential goods.

GROSS VALUE OF VIETNAM'S MAIN E-COMMERCE PLATFORMS HIT $12.6 BILLION IN 2024
The top five e-commerce platforms in Vietnam, Shopee, Lazada, TikTok Shop, Tiki, and Sendo, posted a total gross merchandise value (GMV) of VND318.9 trillion (about $12.6 billion) in 2024, a 37.36 per cent rise from 2023, according to Metric.

YOUR EXEPERIENCES THIS FEBRUARY IN THE HEART OF SAIGON
With many attractive offers from Fine Dining & Wine Pairing in the most elegant atmosphere at Reflections Restaurant, delight in a lavish Seafood Feast at Buffet NINETEEN, or enjoy the charming elegance of High Tea & our new Tapas Selections at Café de l'Opera. Each experience is thoughtfully curated to bring you cherished moments in the Heart of Saigon.

VIETNAM REPORTS US$3-BILLION TRADE SURPLUS IN JAN
Vietnam recorded a trade surplus of US$3.03 billion last month, showed data from the General Statistics Office (GSO). The country’s exports totaled US$33.09 billion, up by 4.3% year-on-year, while imports edged down by 2.6% compared to the same period last year to US$30.06 billion.

VIỆT NAM’S COFFEE EXPORTS REACH NEARLY $800 MILLION IN JANUARY
Statistics from the Việt Nam Coffee-Cocoa Association show that in January 2025, Việt Nam exported 154,635 tonnes of coffee, generating revenues of US$799.5 million.

GLOBAL SOURCING FAIR VIETNAM 2025: YOUR GATEWAY TO 100% EXPORT-READY VIETNAMESE PRODUCTS FOR HONG KONG BUYERS
The Global Sourcing Fair Vietnam 2025 (GSFVN 2025) is set to redefine the sourcing landscape for Hong Kong buyers. Taking place from April 24 to 26, 2025, at the Saigon Exhibition & Convention Center (SECC) in Ho Chi Minh City, this premier event will showcase over 30,000 export-ready products from more than 500 verified suppliers across Vietnam and Asia.