Việt Nam’s textile and garment industry has rebounded strongly in 2025, with export turnover reaching US$34.75 billion in the first nine months — a 7.7% increase year-on-year, according to VITAS Chairman Vũ Đức Giang. The country now ranks third globally in textile exports and is shifting from low-cost processing to higher value-added production and brand development. Vietnamese products are exported to 138 countries, supported by 16 FTAs, with expansion into emerging markets such as the Middle East and Africa, where exports reached $700 million by mid-2025. However, the sector faces mounting challenges, including high production and logistics costs, heavy dependence on imported raw materials, and new trade barriers, notably a 20% U.S. reciprocal tax on textile imports. Businesses are under pressure to invest in automation, green technologies, and supply chain restructuring to remain competitive. Industry leaders urge closer bank–business cooperation to address credit access issues and call for greater localisation of materials to enhance traceability and resilience. Despite growing exports, domestic brand development remains weak, with international brands dominating the local market. Companies like Vinatex aim to lead in sustainable, circular, and recycled fashion, aligning with global eco-conscious trends. — VNS (ICE HO CHI MINH CITY)

Fonte notizia: Vietnam News