Vietnam has become the world’s leading textiles and garments exporter (Photo: VNA)
Hanoi (VNA) - Accord💧ing to fibre2🥀fashion.com,Vietnam has become the world’s leading textiles and garments exporter.
Textileand garment exports play an important role in the country’s economy, accounting forabout 12.52% of export turnover. This shows the importance and influence ofthis industry on Vietnam’s trade.
Over the re🀅cent decades, Vie𝓰tnam has recorded high growth inthe industry and become a major supplier of garments.
Despite difficult and challenging situation, Vietnamis expected to achieve high economic growth in terms of capital expenditurethanks to a strong increase in foreign direct investment (FDI) and investmentin infrastructure.
The Vietnamese government has identified the need toinvest in domestic infrastructure. Investment in power infrastructuredemonstrates Vietnam’s commitment to common infrastructure development.
The t💖extile industry, including synthetic textiles,plays an important role in Vietnam’s exports. Vietnam has also made efforts toimprove the business environment and promote sustainable practices in thetextile and garment industry. With its continued economic development, Vietnamcontinues to attract investors and strengthen its presence in global trade.
Vietnam has been making efforts to promote sustainableactivities in the textile and garment industry. The government has initiatedplans to improve environmental standards, energy efficiency and wastemanagement. Sustainable materials are increasingly being developedsuch as organic cotton and recycled fibers to reduce environmental impact.
Customers, especially those representing major brandsand international brand chains, are restructuring global supply chains to meetstringent sustainability goals with regard to environmental performance.
Fiber2fashion.com said that Vietnam has really becomeone of the leading textile and garment su♓ppliers in the w🧔orld.
Vietnam’s success in this industry can be attributedto many factors such as natural resources as the country has a suitable climatic conditionsfor growing cotton and natural fibers, an open economy which has implementedeconomic reforms and actively participated in international trade, low laborcosts which helps to attract FDI, and stable cross-border trade with stablecross-border trade through many agreements. These factors, together with investment ininfrastructure, skills development and production capacity, have spurred thedevelopment of Vietnam’s textile and garment industry. Vietnam has attracted major international brands andretailers and has become an important source of supply./.
More than 1,300 businesses from 21 countries and territories are participating in the Vietnam Textile & Garment Industry Expo (Saigontex) 2023, the leading exhibition of the industry in Southeast Asia, which opened in Ho Chi Minh City on April 5.
The value of textile and garment exports in the first quarter of 2023 reached 7.1 billion USD, down 17% compared to the same period in 2022, due to the impact of global inflation, according to the General Statistics Office (GSO).
Diversifying sources of materials and stepping up digital transformation have been regarded as the key to the building of a smart, sustainable supply chain in the garment-textile sector, insiders said.
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The Binh Duong Association of Supporting Industries (BASI) is expected to promote the usage of domestically manufactured components while supporting businesses in accessing international markets, strengthening linkages, and promoting deeper integration into global supply chains.
PwC Vietnam forecasts a vibrant M&A market in Vietnam’s healthcare sector in 2025, driven by rising demand for high-quality medical services and a growing middle class. Pharmaceutical companies, private hospitals, and specialised medical facilities, particularly in ophthalmology and oncology, are predicted to be key targets for M&A.
The central province of Quang Nam is set to become a hub for the medicinal plant industry, with Ngoc Linh ginseng designated as the core crop, under the Prime Minister's decision issued earlier this year.
The North-South Expressway project is scheduled for completion by 2030, aiming to establish the groundwork for Vietnam’s modern railway industry and stimulate regional economic development, positioning the country for a significant economic leap in the era of national rise.
The probe, initiated on June 11 following a petition by the US Coalition for Fair Trade in Hardwood Plywood, targets products classified under HS Code 4412 and 9403 imported from China, Indonesia and Vietnam.
Sun PhuQuoc Airways was born as a perfect piece in Sun Group’s strategic vision to build a premium ecosystem of tourism, entertainment, real estate, and aviation. With a pioneering ambition, Sun PhuQuoc Airways is not just an airline, but a symbol of connection – bringing the world to Phu Quoc and taking Phu Quoc to the world.
A key change in the draft decree is a provision requiring bank transfers for gold transactions valued at 20 million VND (765 USD) and above, to enhance transparency and verify customer identities.
In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
Vietnam has become the world’s leading textiles and garments exporter (Photo: VNA) 
