Trade & Market

Global Knitwear Trade Nears US$ 290 Billion As Industry Expands Its Share

Textile Insights September 8, 2026

The global apparel trade is witnessing a structural shift towards knitwear, driven by changing consumer preferences and rising demand for casual, stretch and performance-oriented clothing. Global knitwear exports increased from US$ 145.2 billion in 2006 to US$ 289.1 billion in 2025, more than

Industry

UK-Vietnam Trade Pact Boosts Textile Exports, But Compliance Remains Hurdle

Textile Insights September 7, 2026

Vietnam’s textile and garment exports to the UK have gained momentum under the UK-Vietnam Free Trade Agreement (UKVFTA), but exporters will need to strengthen supply chains and meet tougher sustainability and traceability norms to expand their market share. The UK’s share of Vietnam’s textile and garment exports increased from 1.7% in 2020 to 2% last […]

Trade & Market

Global Garment Trade Nears US$ 550 Billion As China, Bangladesh, Vietnam Reshape Competition

Textile Insights September 4, 2026

Global garment trade has expanded sharply over the past two decades, with knit and woven garments together accounting for nearly 60% of world textile exports in 2025. But the growth has also brought a major shift in the competitive landscape, with China retaining its dominance while Bangladesh and Vietnam have emerged as major global suppliers. […]

Trade & Market

China-ASEAN Trade Crosses US$ 1 Trillion, Supply-Chain Links Deepen

Textile Insights September 4, 2026

Trade between China and the Association of Southeast Asian Nations (ASEAN) crossed the US$ 1 trillion mark for the first time in 2025, highlighting the growing importance of the region as a major hub for manufacturing, sourcing and cross-border supply chains. China-ASEAN trade reached US$ 1.05 trillion in 2025, registering a 7.4% year-on-year increase, according […]

Market

Vietnam Manufacturing Activity Strengthens In May As New Orders Rebound

Textile Insights June 4, 2026

Vietnam’s manufacturing sector regained momentum in May, supported by a strong recovery in new orders and increased production activity, according to the latest S&P Global Vietnam Manufacturing Purchasing Managers’ Index (PMI). The PMI rose to 52.8 in May from 50.5 in April, reaching its highest level since February and signaling a solid improvement in

Export

Vietnam Textile Sector Faces Order Slowdown Despite Export Growth

Textile Insights June 1, 2026

Vietnam’s textile and garment industry is facing mounting challenges despite posting export growth in the first four months of 2026, with second-quarter orders projected to decline by 20–25 per cent, raising concerns over a potential slowdown in the months ahead. According to the Vietnam Textile and Apparel Association (VITAS), the country’s textile and garment exports

Sustainability

EU Sustainability Rules Push Vietnam’s Textile Industry Towards Green Transition

Textile Insights May 21, 2026

Vietnam’s textile and apparel industry is accelerating its shift towards sustainable manufacturing as tightening environmental regulations in the European Union reshape export requirements for global suppliers. With the EU remaining one of Vietnam’s largest export markets, textile and footwear manufacturers are increasingly focusing on circular production models, lower

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,

Export

Vietnam’s T&A Industry Aims US$ 48 Billion In Exports By 2025

Textile Insights November 22, 2024

Vietnam’s T&A industry aims to achieve US$ 47-48 billion in export turnover by 2025, according to Vu Duc Giang, Chairman of the Vietnam Textile and Apparel Association (VITAS). The announcement was made during a press conference hosted by the Voice of Vietnam. The ambitious target builds on the sector’s strong performance in 2024, with export […]

Industry

Vietnam’s Textile Workers Earn Higher Wages Than Global Average

Textile Insights October 9, 2024

According to a VNDirect Securities report, Vietnam’s textile and apparel industry is making strides towards sustainable development as consumer demand for eco-friendly products rises. Companies are focusing on green production processes by using recycled fabrics, green materials, renewable energy and wastewater treatment. Global fashion brands are increasingly prioritizing