The Vietnam Textile and Apparel Association (VITAS) has set an ambitious export goal of US$ 47-48 billion for 2025, supported by strong 2024 achievements and encouraging market signals. Many businesses have already secured orders for Q1 2025 and are in negotiations for Q2. Despite stagnant
Vietnam’s textile and garment industry is seeing a strong recovery, with export turnover reaching US$ 4.3 billion in August and USD 28.3 billion in the first eight months of 2023, a 6.2% year-on-year rise, according to VITAS. VITAS Chairman Vũ Đức Giang highlighted that the surge in orders, driven by global disruptions like the US-China […]
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 […]