Want to be in the loop?
subscribe to
our notification
Business News
GARMENTS, FOOTWEAR ON EXPORT HIGH
During the first five months, the industry gained a year-on-year increase of 8.4 per cent in export value to US$8.11 billion, including $1.65 billion recorded in May.
The export orders of textile and garment enterprises remained positive in the second quarter, with 62 per cent of total enterprises producing cloths marking an increase in export orders against the first quarter, the ministry noted.
The Viet Nam Textile and Apparel Association said from early this year until now, foreign investors had been promoting investments in the textile and garment sector in Viet Nam to exploit the business opportunities that have emerged following free trade agreements such as the TPP, Viet Nam-EU FTA, and Viet Nam-
South Korea FTA. According to the FTAs, Viet Nam's textile and garment sector will gain the most from many tariff lines reducing to zero.
The ministry pointed out that the leather and footwear industries also achieved a year-on-year increase of 24.8 per cent in output to 130.7 million pairs of footwear and of 19.5 per cent rise in the export value of footwear to $4.6 million.
The General Statistics Office reported that some 55.7 per cent of footwear enterprises recorded a surge in export orders for the second quarter.
According to the ministry, garment and footwear are two of the sectors that are expected to receive many advantages from the FTA in the future.
Source: VNS
Related News

SUPPORTING INDUSTRIES KEY TO SUSTAINABLE TEXTILE-GARMENT DEVELOPMENT
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 achiev…

RUBBER INDUSTRY TO BOUNCE BACK IN 2025
Vietnam's rubber industry is poised for strong growth in 2025, driven by rising rubber prices, expanding production, and increased export op…

VIỆT NAM'S INDUSTRIAL PRODUCTION SEES 7.2% GROWTH IN TWO MONTHS
Việt Nam’s Index of Industrial Production (IIP) has risen by 7.2 per cent year-on-year in the first two months of 2025, according to the Ministry of Fin…

BUILDING HIGH-QUALITY HUMAN RESOURCES FOR AUTOMOTIVE INDUSTRY
The global automotive industry is undergoing a major transformation, driven by new technologies, shifting consumer preferences an…

AGRITOURISM BECOMES MORE POPULAR
Agriculture tourism (agritourism) and rural tourism in Việt Nam, where tourists can engage in farm activities, have been attracting many visit…

WEBINAR: KEY CONSIDERATIONS IN REAL ESTATE AND CONSTRUCTION PROJECTS
Vietnam’s property market is expanding rapidly, but legal challenges are becoming more complex. From hidden clauses in lease agreements to dis…

SUPPORTING INDUSTRIES KEY TO SUSTAINABLE TEXTILE-GARMENT DEVELOPMENT
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 achiev…

RUBBER INDUSTRY TO BOUNCE BACK IN 2025
Vietnam's rubber industry is poised for strong growth in 2025, driven by rising rubber prices, expanding production, and increased export op…

VIỆT NAM'S INDUSTRIAL PRODUCTION SEES 7.2% GROWTH IN TWO MONTHS
Việt Nam’s Index of Industrial Production (IIP) has risen by 7.2 per cent year-on-year in the first two months of 2025, according to the Ministry of Fin…

BUILDING HIGH-QUALITY HUMAN RESOURCES FOR AUTOMOTIVE INDUSTRY
The global automotive industry is undergoing a major transformation, driven by new technologies, shifting consumer preferences an…

AGRITOURISM BECOMES MORE POPULAR
Agriculture tourism (agritourism) and rural tourism in Việt Nam, where tourists can engage in farm activities, have been attracting many visit…

WEBINAR: KEY CONSIDERATIONS IN REAL ESTATE AND CONSTRUCTION PROJECTS
Vietnam’s property market is expanding rapidly, but legal challenges are becoming more complex. From hidden clauses in lease agreements to dis…