Vietnam’s T&A Industry Aims US$ 48 Billion In Exports By 2025
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 turnover estimated at US$ 44 billion, an 11.26% increase compared to 2023. Import turnover is projected at US$ 25 billion, resulting in a trade surplus of US$ 19 billion—a 6.93% growth year-on-year.
Giang attributed the industry’s success to several factors, including a shift of global orders to Vietnam amidst stagnant global consumption and the government’s textile development strategy, which aims to elevate Vietnamese textile brands in domestic and international markets.
Seventeen of Vietnam’s 19 new-generation Free Trade Agreements (FTAs) have come into effect, opening doors to lucrative global markets. The US remains the largest export destination, with an estimated US$ 16.71 billion in 2024, accounting for 37.98% of total exports. Other key markets include Japan, the EU, South Korea, China, and ASEAN countries.
Vietnam’s textile sector has embraced innovation by adopting automation technologies, digital management systems, and green production standards to meet the evolving demands of global markets. The focus on producing high value-added products and diversifying markets and customers has further strengthened the industry’s position.
With robust policy advocacy by VITAS and active trade promotion efforts, the industry is well-positioned to sustain its growth trajectory. The export target of US$ 48 billion by 2025 underscores Vietnam’s growing stature as a global textile and garment powerhouse.
