HANOI: Vietnam’s textile and garment industry is expected to achieve export revenues of US$46bil in 2025, marking a 5.6% increase compared to 2024.
The Vietnam Textile and Apparel Association (Vitas) announced this in Hanoi to introduce a meeting of the association’s seventh term during 2025 to 2030 and the industry review conference to be held in December.
According to Vitas chairman, Vu Duc Giang, this year promises to be a milestone for the sector as it continues a strong recovery after several years of global disruptions.
The industry’s trade surplus is estimated at US$21bil, reaffirming the sector’s position as a key pillar of Vietnam’s trade balance.
He noted that the domestic localisation rate had risen to about 52%, highlighting significant progress in localising raw material supplies.
Giang emphasised Vitas’s ongoing trade promotion efforts, including 10 national programmes and 20 initiatives,
These have gone a long way to help Vietnamese businesses participate in major international exhibitions in the United States, France, Germany, Australia, Russia and Canada, he said.
These efforts have played a decisive role in maintaining and expanding market share across key global markets. — Viet Nam News/ANN
