Vietnam's textile and garment industry has fulfilled its US$44-billion export turnover target in 2024, an increase of over 11% compared to 2023, thanks to efforts in market diversification, technological innovation, and effectively capitalising on the shift in orders.

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.

The central province of Nghe An has given in-principle approval to a US$590 million project by Mega Textile Singapore Limited in the Tho Loc Industrial Park.

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 - 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.

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).

VOV.VN - The Vietnam International Garment and Textile Industry Exhibition (VTG 2024) kicked off in Ho Chi Minh City on September 25, attracting the participation of more than 380 enterprises from 12 countries around the world.

Although the garment and textile industry is witnessing new export growth, the sector still faces challenges due to increasing market and customer demands, requiring them to leverage the industry’s position in the world market, according to experts.

The Vietnam International Garment and Textile Industry Exhibition - VTG 2024 - will take place in Ho Chi Minh City from September 25 – 28.