VOV.VN - Vietnam has surpassed Bangladesh to become the world’s second largest apparel and textile exporter, ranking only behind China, said Hoang Manh Cam, spokesperson for the Vietnam National Textile and Garment Group (Vinatex) at a press briefing on December 25.

Vietnam’s garment and textile industry needs to develop a closed-loop supply chain with a focus on obtaining self-sufficiency in raw materials in order to meet the rules of origin under the UK – Vietnam Free Trade Agreement (UKVFTA) for expanding exports to this market.

VOV.VN - The past 11 months of the year witnessed seven Vietnamese commodities rake in more than US$10 billion each in export earnings, accounting for 66.5% of the country’s total export value.

VOV.VN - Local garment and textile products are being showcased at Global Sourcing Expo Australia 2024, with the event kicking off in Melbourne on November 19.

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).

VOV.VN - Despite ongoing challenges, Vietnamese garment makers are optimistic about the coming year-end shopping season, seeing it as an opportunity to meet the export earnings target this year.

VOV.VN - The Indonesian Trade Safeguard Committee (KPPI) is investigating the possibility of extending its safeguard tariffs on a range of imported textile products, including clothing and accessories, that may impact Vietnamese exports into this market.

VOV.VN - The EU spent nearly US$3.1 billion on importing garments and textiles from Vietnamese suppliers during the initial nine months of the year, up nearly 10% against the same period last year, according to the General Department of Vietnam Customs.

The Vietnam Hanoi Textile & Garment Industry and Fabric Garment Accessories Expos 2024 (HanoiTex & HanoiFabric 2024) is taking place in Hanoi on October 23 – 25 as part of a series of international exhibitions on Vietnam's textile and garment industry.

Vietnam has so far attracted 3,500 foreign direct investment (FDI) projects in the garment - textile industry with a combined value of US$37 billion, according to the Vietnam Textile and Apparel Association (VITAS).