Textile and garment exports could reach 46 billion USD

VTV.vn - Although the world is facing inflation, rising transportation costs and increasing demands for "greening", the Vietnamese textile and garment industry still maintains a positive recovery momentum.

According to the Vietnam Textile and Apparel Association (VITAS), textile and garment exports will continue to grow in 2025, reaching 46 billion USD, thereby maintaining its role as one of the key export industries. Along with that, the industry is expected to have a trade surplus of about 21 billion USD, demonstrating the competitiveness and good adaptability of Vietnamese enterprises in the context of general difficulties.

When the US market encountered tariff obstacles in the middle of the year, some companies quickly turned to the Middle East. Previously a market that had little attention, this market now brings in billions of dollars in revenue.

Not only expanding the market to reduce dependence on the US and EU, many businesses also proactively invest abroad, taking advantage of tariff incentives from free trade agreements, shortening delivery times and reducing logistics costs.

The Vietnam Textile and Apparel Association said that in the coming time, the strategic pillars of the industry will continue to be implemented, including: Diversifying markets, attracting investment in domestic raw materials, promoting technology and automation, and developing Vietnamese brands in the global market.

Mr. Vu Duc Giang - Chairman of the Vietnam Textile and Apparel Association said: "The three core solutions include: Diversifying markets, diversifying customers, diversifying export types; and at the same time making the most of new generation free trade agreements...".

The export figure of 46 billion USD in a volatile year is a clear demonstration of the flexibility and adaptability of the Vietnamese textile and garment industry. However, to achieve the goal of sustainable development, the industry needs to strengthen its internal resources, proactively source supplies, be transparent and green the supply chain. The target turnover can reach 64.5 billion USD by 2030 and the average growth rate is 6.5 - 7%/year.

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