Cotton

Cotton Prices Decline After Centre Removes Import Duty

Textile Insights June 4, 2026

Domestic cotton prices have begun declining following the government’s decision to suspend the 11 percent import duty on cotton from June 1 to October 31, providing relief to spinning mills, textile manufacturers and exporters facing elevated raw material costs. Market participants

Economy

World Bank Sees Vietnam GDP Growth At 6.8% In 2026

Textile Insights May 21, 2026

Vietnam’s economy is expected to maintain strong growth momentum in 2026 despite increasing global uncertainties, supported by resilient exports, investment activity and ongoing structural reforms, according to the latest economic update released by the World Bank. The World Bank projected Vietnam’s GDP growth at 6.8% in 2026 following an estimated expansion of 8% in 2025,

Trade & Market

Vietnam Tackles US Tariffs With Reforms And Diversification

Textile Insights May 8, 2025

Vietnam’s textile and garment industry, a cornerstone of its export economy, recently faced heightened challenges as the U.S. moved ahead with proposed tariff hikes that could increase duties on textile exports from the previous 15–16% to as high as 61–62%. With the U.S. accounting for 40% of Vietnam’s US$44 billion textile exports in 2024, the […]

Industry

Vietnam Faces Indonesian Trade Sanction Threat

July 11, 2024

The Vietnam Trade Office in Indonesia has issued a cautionary notice to Vietnamese businesses regarding potential trade sanctions, particularly targeting textiles and garments, amidst challenges faced by Indonesia’s textile industry. Indonesia has seen a decline in export orders and the closure of many textile factories, leading to significant job losses. Key sectors

Export

Vietnam Apparel Exporters Should Explore New Markets: VITAS

Textile Insights April 10, 2024

To beat the challenge of the Red Sea crisis, a top official of a Vietnam textile and garment association advised apparel exporters to diversify markets beyond Europe. “Tensions in the Red Sea are a bottleneck for the textile and garment industry when exporting to the European market,” Vu Duc Giang, Chairman of the Vietnam Textile […]

Export

Vietnamese Textile & Apparel Exports Grow 9.62% In Jan-March

Textile Insights April 4, 2024

In the first quarter of 2024, exports from the Vietnamese textile and garment industry reached US $9.53 billion, an increase of 9.62 percent over the same period of previous year. The industry has set a target of reaching $44 billion in textile and apparel exports, up 9 percent compared to 2023 and if exports to […]

Export

Vietnam Textile & Apparel Exports Optimistic Of Reaching Target

Textile Insights March 26, 2024

The Vietnamese textile and garment is witnessing a rise in export orders since the beginning of this year and so is optimistic about achieving target of US $44 billion in exports this year. A majority of textile and garment exporters have reported that they have in hand production orders in hand till May 2024. Experts […]

Export

Vietnam’s Textile & Apparel Exports Up 15% In Jan-Feb 2024

Textile Insights March 9, 2024

Vietnamese exports of textiles and garments totaled US $5.2 billion in the first two months of the ongoing year, which is an increase of 15 percent over the same period last year. According to a Vietnamese expert, the growth has been achieved due to the momentum in orders from key export markets since December 2023. […]

Export

Vietnamese Textile & Apparel Exports Post Impressive Turnaround

Textile Insights February 26, 2024

Textile and garment exports from Vietnam reported a remarkable turnaround in the month of January 2024 Vietnamese textile and apparel exports totaled US $3.13 billion in the first month of ongoing year, a significant increase of 39 percent over the same month of previous year. “In January, the US continued to be Vietnam’s largest textile […]

Export

Vietnamese Textile & Apparel Sector Sees Growth In Export Orders

Textile Insights February 21, 2024

The Vietnamese textile and apparel industry is seeing a rise in orders from its major export markets and so is optimistic about the reaching export target of US $44 billion set for 2024. A majority of exporters have reported that they have received orders for production until May 2024. The Garment 10 Corporation JSC said […]