Despite global economic fluctuations, Vietnam’s textile and garment industry achieved remarkable growth in 2024, with export turnover reaching $44 billion, a 11.26% increase from 2023. Key markets such as the U.S., Japan, EU, and Korea saw notable growth. However, challenges remain as unit prices have yet to increase, and self-sufficiency in raw materials is crucial to leverage free trade agreements (FTAs).

In 2025, the industry targets $47–$48 billion in exports. Trends like digital transformation, sustainable fashion, and circular economy are reshaping the global textile market. To stay competitive, Vietnam must enhance labor productivity, adopt green production practices, and build strong supply chains. Moreover, developing Vietnamese fashion brands and integrating into the global value chain are essential for long-term growth.

Government support in training, tax reductions, and dual transformation initiatives will be vital to overcoming these challenges and achieving the set goals.