Meanwhile, imports totalled 10.63 billion USD, resulting in a trade surplus of 6.95 billion USD for the sector, according to the Vietnam Textile and Apparel Association (VITAS).

Garment production for export to Japan at Hung Viet Garment Company in Hung Yen province.

Truong Van Cam, Vice Chairman and General Secretary of VITAS, noted that despite ongoing challenges such as slow global demand recovery and geopolitical tensions in some regions, many enterprises have still maintained stable production, gradually improved their operations, and tapped into niche markets to seek new growth opportunities.

With the US adjusting its tariff policies on many countries, including Vietnam, Cam urged businesses to explore other markets with significant potential.

He further shared that surveys conducted across six countries – Bangladesh, Cambodia, Laos, Nepal, China, and Vietnam – show Vietnam ranks below China in just a few criteria while outperforming the others in most aspects.

This indicates that the quality and pricing of Vietnamese textile and garment products are already in the mid-range or higher segment.

However, Cam also pointed out that the inability to fully control supply sources of raw materials not only hinders the traceability of Vietnamese textile products – a key factor for seeking preferential tariffs, but also limits design development, thus reducing competitiveness in foreign markets.

Vietnamese Ambassador to Russia Dang Minh Khoi stated that Russia, with the world’s fourth-largest GDP by purchasing power parity, is currently eager to enhance cooperation with Vietnam, whose apparel has high quality and designs suiting the fashion tastes and trends in this market. Therefore, Vietnamese businesses should be more active to seize market opportunities.

Economists believe that although Vietnam’s textile-garment shipments to Russia have grown rapidly in recent years, they still account for a modest share of the overall market. As such, there is considerable potential for further collaboration in this sector.

On-job training for garment workers

BAC GIANG- Currently, garment and textile companies in northern province of Bac Giang have received many orders thanks to expanded export market; thus, they have big demand for workers. However, they are facing numerous difficulties and challenges due to chronic labour shortage in the context of human resource competition, which greatly affects production.

Vietnam maintains garment export momentum

In January, Vietnam's total garment export value reached an impressive figure of over 3.7 billion USD, up 12% from last year, given the holiday season was already over. This reflects the industry's stable growth and catalyses businesses to increase production and exports.

Textile and garment industry ready to complete targets

Immediately after the Lunar New Year holidays, textile and garment enterprises quickly launched a labour competition in production, with the mindset of being ready to complete the set targets early. In addition to ensuring stable production resources, enterprises have also innovated technology in a proactive manner and improved labour skills to increase efficiency and enhance competitiveness.

Vietnam’s textile and garment industry targets 48 billion USD in exports

Vietnam’s textile and garment export revenue has reached 44 billion USD in 2024, an impressive 11.26% increase compared to 2023. This achievement came despite numerous challenges, including market complexities. Building on this momentum, the industry has set an ambitious export target of 47–48 billion USD for 2025.

Vietnam becomes second biggest garment exporter globally

Vietnam’s garment and textiles export is projected to hit nearly 44 billion USD this year, positioning the country as the world’s second biggest exporter, only behind India, said General Director of the Vietnam National Textile and Garment Group (Vinatex) Cao Huu Hieu.

Vietnam’s garment-textile exports expected to reach 44 billion USD this year

Vietnam’s garment-textile export value is expected to reach 44 billion USD in 2024, marking an 11.26% increase from 2023, according to the Vietnam Textile and Apparel Association (VITAS).