Textile and garment exports could reach $46 billion.

VTV.vn - Despite the world facing inflation, rising shipping costs, and increasing demands for "greening," Vietnam's textile and garment industry continues its positive recovery momentum.

According to the Vietnam Textile and Garment Association (VITAS), textile and garment exports are expected to continue growing in 2025, aiming for $46 billion, thus maintaining its role as one of the key export sectors. Along with this, the industry is projected to have a trade surplus of approximately $21 billion, demonstrating the competitiveness and adaptability of Vietnamese businesses in the face of general difficulties.

When the US market faced tariff challenges in the middle of the year, some companies quickly shifted their focus to the Middle East. Previously a relatively overlooked market, it has now become a multi-billion dollar revenue generator.

In addition to expanding markets to reduce dependence on the US and EU, many businesses are also proactively investing abroad, taking advantage of tariff preferences from free trade agreements, shortening delivery times, and reducing logistics costs.

The Vietnam Textile and Garment Association stated that the industry's strategic pillars will continue to be implemented in the near future, including: diversifying markets, attracting investment in domestic raw materials and accessories, promoting technology and automation, and developing Vietnamese brands in the global market.

Mr. Vu Duc Giang, Chairman of the Vietnam Textile and Garment Association, stated: "The three core solutions include: diversifying markets, diversifying customers, and diversifying export product lines; while maximizing the use of new generation free trade agreements...".

The export figure of $46 billion in a turbulent year is clear evidence of the flexibility and adaptability of Vietnam's textile and garment industry. However, to achieve sustainable development, the industry needs to strengthen its internal capacity, proactively secure supply sources, and ensure transparency and greening of the supply chain. The target for export turnover could reach $64.5 billion by 2030 with an average growth rate of 6.5-7% per year.

Source: https://vtv.vn/xuat-khau-det-may-co-the-dat-46-ty-usd-100251204143809405.htm