HCMC – Vietnam’s textile industry has set an export target of US$47-48 billion for 2025, according to Vu Duc Giang, chairman of the Vietnam Textile and Apparel Association (VITAS).
In 2024, Vietnam’s textile exports are projected to hit US$44 billion, marking an 11.26% year-on-year increase.
Despite global challenges, including geopolitical tensions, rising energy costs, and economic uncertainties, the sector has maintained steady growth.
The U.S. remains the largest market for Vietnam’s textile exports, followed by Japan, the European Union, South Korea, China, and ASEAN countries.
The industry is shifting its focus from rapid growth to sustainable development. By 2030, the sector aims to embrace a circular economy model, strengthen domestic value chains, and solidify its role in global supply chains.
Vietnam’s textile industry has evolved from a domestic-focused sector into a global powerhouse. It has created millions of jobs, contributed significantly to the country’s GDP, and played a vital role in Vietnam’s economic development, added Giang.
