Vietnam’s textile and garment industry aims to achieve US$47–48 billion in export turnover in 2025, according to Vu Duc Giang, Chairman of the Vietnam Textile and Apparel Association (VITAS).

The Saigon Textile & Garment Industry – Fabric & Garment Accessories Expo 2024 (Saigontex - Saigonfabric 2024) kicked off in Ho Chi Minh City on April 10.

The garment and textile sector has set a target of US$44 billion in export turnover this year, up 10% year-on-year.

The Vietnam Textile and Apparel Association (VITAS) has set a target of earning US$44 billion from textile and apparel exports in 2024 as positive changes have seen from the last quarter of this year.

Vietnam Textile and Apparel Association (VITAS) on November 23 announced that Vietnam’s textile and apparel exports are estimated to top US$40 billion, about 9% less than that of last year.

The development strategy of the textile and garment industry until 2030 with a vision to 2035 has clearly identified that exports will continue to be a major and crucial driving force for the sector's growth.

VOV.VN - Vietnamese exports in August enjoyed growth of 7.7% compared to the previous month, indicating that solutions to trade promotion and market search of local enterprises has produced positive results whilst there remains opportunities and potential markets for Vietnamese exports ahead in the rest of the year.

VOV.VN - The Vietnam Textile and Apparel Association (VITAS) and the Korea Federation of Textile Industries (KOFOTI) have inked a memorandum of understanding (MoU) to boost bilateral cooperation, KOFOTI said on August 24.

A delegation from the Vietnam Textile and Apparel Association (VITAS) and the Vietnam Leather, Footwear and Handbag Association (LEFASO) joined the 16th edition of the Sourcing at Magic (Magic Show) in the US city of Las Vegas from August 7-9, with 20 stalls.

While enterprises are seeking to diversify markets to cope with drops in orders, experts urge attention to be attached to legal risks which might arise from doing international trade in a volatile world.