Textile is one of the key export industries of Vietnam, plays an important role in the national economy. In the context of the global market, there are still many challenges, Vietnam's textile and garment industry continues to make its mark with impressive growth rates, affirming its position as one of the leading export commodity groups. This article will analyze in detail the recovery and strong development of the textile industry in 2024 and the first months of 2025., along with the factors that contribute to this success.

Strong Growth Momentum of the Textile and Garment Industry

Vietnam's textile and garment industry has overcome difficulties caused by the Covid-19 pandemic to achieve remarkable results. According to statistics, in 2024, Textile export turnover reached 37 billion USD, increase 11,2% compared to 2023. This is an important step forward, demonstrating a strong recovery after a period of being affected by adverse factors from the international market.

Continuing the growth momentum, in 7,The first 5 months of 2025, Total textile export turnover reached 24,45 billion USD, increase 10,13% compared to the same period last year, equal to the increase 2,25 billion USD. With this number, Textile and garment continues to maintain its position as 4th largest export commodity group of Vietnam, second only to industries such as telephone, computers and agricultural products.

This growth not only reflects the ability to maintain existing orders but also shows the flexibility of textile and garment enterprises in expanding markets and attracting new partners.. In the context that many major economies in the world are facing difficulties in consumption, This achievement is a testament to the textile industry's continuous efforts in improving competitiveness and optimizing production processes..

Factors That Promote Growth

The development of Vietnam's textile and garment industry is supported by many key factors:

1. Take advantage of Free Trade Agreements (FTA): Agreements like CPTPP, EVFTA, RCEP has opened up great opportunities for Vietnamese textile and garment enterprises, helps reduce tax rates and access difficult markets like the US, EU, Japan.

2. Meet international standards: Textile enterprises have focused on improving product quality, meets strict requirements for sustainability, social responsibility and environmental standards.

3. Digital transformation and green production: The textile industry is promoting the application of digital technology and sustainable production solutions, helps improve efficiency and meet increasing market demands.

4. Flexible adaptability: Businesses have quickly adjusted their business strategies, Optimize the supply chain to cope with international market fluctuations.

Key Export Market

Detailed analysis of the main export markets of the textile and garment industry shows many notable bright spots.

America – Largest Market

The US continues to be Vietnam's largest textile and garment export market. Until the end of July 2025, Export turnover to the US reached 10,29 billion USD, increase 15% compared to the same period last year. This result shows that Vietnamese textile and garment enterprises have made good use of opportunities from the Vietnam Free Trade Agreement. – US and other FTAs, At the same time, it meets strict quality standards, safety and sustainability.

Japan – Stable Market

Japan is the second largest export market of Vietnamese textiles and garments, with achieved turnover 2,53 billion USD in the first 7 months of 2025, increase 10%. Japan is famous for its strict quality requirements, durability and environmental friendliness. Maintaining stable growth in this market is proof of the competitiveness of Vietnamese businesses.

Europe – Breakthrough Growth

European markets also recorded impressive growth numbers:

• Netherlands: Obtain 773,3 million USD, increase 12,2%.

• Virtue: Reach close 533 million USD, increased sharply 20,9%.

• United Kingdom: Obtain 525,5 million USD, increase 21,36%.

These numbers reflect the success of textile and garment enterprises in exploiting advantages from the EVFTA Agreement, helps Vietnamese textiles and garments access the European market with preferential tax rates.

Asia – Great Potential

In the Asian region, two major markets are China and Cambodia also recorded positive growth:

• China: Reach more 772 million USD, increase 9,3%.

• Cambodia: Obtain 533 million USD, increase 7,5%.

However, Some large markets such as Korea and that recorded a decrease in turnover. South Korea comes close 1,6 billion USD, reduce approx 40 million USD, while Russia only reached 379,2 million USD, reduce 80 million USD. These fluctuations highlight the need for continued market diversification to minimize risk.

Future Opportunities and Challenges

Vietnam's textile and garment industry is facing many great opportunities to continue to develop, especially in the context of digital transformation and green production trends that are becoming global standards. However, The industry also faces many challenges:

Opportunity

• Digital conversion: Applying digital technology to production and supply chain management helps increase efficiency and reduce costs.

• Sustainable production: The demand for environmentally friendly products is increasing, opens up opportunities for businesses to invest in green production.

• Market expansion: FTAs continue to be a lever for Vietnamese textile and garment to penetrate new markets, especially Northern Europe and developing countries.

Challenge

• International competition: Countries like Bangladesh, India is also promoting textile exports, creating great pressure on Vietnam.

• Global economic fluctuations: Economic recession in some major markets may affect demand for textiles and garments.

• High standards required: Difficult markets like the US, The EU requires businesses to constantly upgrade technology and production processes.

Sustainable Development Strategy

To maintain growth momentum and enhance position in the international market, Vietnam's textile and garment industry needs to focus on a number of key solutions:

1. Invest in technology: Enhance the application of digital technology, Automation in production to improve productivity and quality.

2. Green product development: Respond to sustainable consumption trends by using environmentally friendly materials and improving production processes.

3. Expand new markets: Enhance trade promotion in potential markets such as Northern Europe, India and the Middle East.

4. Improve competitiveness: Human resource training, improve product design and build a strong brand to compete with international competitors.

Conclude

Vietnam's textile and garment industry is on the rise with impressive growth numbers, affirming its position as one of the country's key export industries. With flexibility in business strategy, the ability to take advantage of opportunities from FTAs ​​and digital transformation trends, The textile industry promises to continue to achieve new milestones in the near future. However, to maintain and develop sustainably, Businesses need to constantly innovate, Meet international standards and expand markets. With these efforts, Vietnam's textile and garment industry will continue to be a bright spot in the global economic picture.