According to the Vietnam Textile and Apparel Association, Vietnam's textile and garment industry has fulfilled its 44-billion-USD export turnover target in 2024. The US remains the largest export market with an estimated export turnover of 16.71 billion USD, up 12.33% and accounting for 37.98% of the total turnover, followed by Japan, EU, the Republic of Korea, China, and ASEAN.
The strong growth in export value in the first two months of the year is evidence of the industry's potential, he said, underscoring the need to continue investing in processing technology, expanding markets, and responding flexibly to global fluctuations.
Vietnam’s trade with the Philippines has reached an impressive milestone, with turnover exceeding 8.6 billion USD in 2024, up 11% year-on-year, according to the Ministry of Industry and Trade’s Agency of Foreign Trade.
Vietnam gained 1.55 billion USD from the export of timber and wood products in December, up 6% compared to the previous month and 15.8% year-on-year, according to the Forestry Department under the Ministry of Agriculture and Rural Development.
Vietnam’s agro-forestry-aquatic product exports are projected to surpass 62 billion USD this year, with a record trade surplus of 18.6 billion USD, marking a new milestone for the sector. This promising achievement signals potential for even stronger growth in 2025, industry insiders have said.
The North American market offers tremendous opportunities for Vietnamese exports, but penetrating demands robust brand strategies and carefully crafted market plans, as highlighted at a seminar held in Ho Chi Minh City on December 19.
Vietnam’s textile and garment industry aims to achieve 47–48 billion USD in export turnover in 2025, according to Vu Duc Giang, Chairman of the Vietnam Textile and Apparel Association (VITAS).
Vietnam’s export turnover of processed and manufactured industrial goods hit nearly 192 billion USD in the first seven months of 2024, accounting for 84.6% of the total export value, up 15.4% year-on-year, the Ministry of Industry and Trade (MoIT) has reported.
Vietnam shipped some 29.2 billion USD worth of agro-forestry-aquatic products abroad during the January-June period, a year-on-year increase of 19%, according to the Ministry of Agriculture and Rural Development.
The Vietnam Oil and Gas Group (Petrovietnam) has made remarkable achievements, surpassing assignments excellently and ensuring safe and stable production and business, importantly contributing to stabilising the market and ensuring national energy security.
Vietnamese enterprises need to meet quality requirements and rules of origin, increase value-added content, and diversify markets, as production and business activities are forecast to face many challenges due to the unpredictable global economy and climate change.
The Mekong Delta province of Kien Giang raked in over 290 million USD from exports in the first four months of this year, accounting for 31.6% of the annual target and up 21.26% from the same period last year.
