Business

Garment and textile export likely to hit 24.5 billion USD

Vietnam’s garment and textile export turnover is likely to hit 24.5 million USD this year, a year-on-year rise of 19 percent - the largest increase in the past three years, according to Le Tien Truong, General Director of the Vietnam National Textile and Garment Group (Vinatex).
Vietnam’s garment and textile export turnover is likely to hit 24.5million USD this year, a year-on-year rise of 19 percent - the largestincrease in the past three years, according to Le Tien Truong, GeneralDirector of the Vietnam National Textile and Garment Group (Vinatex).

Truong said in recent years, Vietnam’s garment and textilesector has focused on diversifying the sources of supply of materials toease the dependence on foreign source and increase the flexiblecompetition capacity.

To date, the sector has raised the localisation rate to more than 50 percent.

Vietnam's upcoming free trade agreements with the EU, the Republic ofKorea, and the Customs Union of Russia, Belarus and Kazakhstan, and theTrans-Pacific Partnership are expected to open up huge opportunities forthe sector.

However, it needs to improve its productivity,quality, and competitiveness with investment in new technologies,machinery and innovation.-VNA
Follow VietnamPlus

See more

A representative of Sumika Electronic Materials Vietnam (VSIP Bac Ninh Industrial Park, Tu Son Ward) briefs the delegation from Customs Sub-department Region V on the company's operations. (Photo: báo bắc ninh)

Bac Ninh customs facilitates clearance to boost exports

Pham Chi Thanh, head of Customs Sub-Department Region V, said the unit is focusing resources on developing a digital customs model and streamlining professional procedures to shorten clearance times and reduce costs for businesses while maintaining effective state management.

At the sixth Golden Brand Awards 2026 ceremony (Photo: VNA)

Ho Chi Minh City honours top 50 brands for 2026

The awards aim to recognise brands that can lead their industries, drive innovation and create a ripple effect across the business community, lifting the city’s standing in a new growth stage.

Luxury apartment projects in downtown Ho Chi Minh City (Photo: VNA)

Ho Chi Minh City's housing market sees price stabilisation, sharper buyer segmentation

According to Avison Young Vietnam, improved planning and infrastructure development have helped ease market uncertainty and prevented a complete freeze. More than 25,000 apartments are expected to enter the market in multiple launches between 2027 and 2030, with many projects scheduled to benefit from infrastructure improvements around 2030.

Vietnamese Deputy Minister of Industry and Trade Phan Thi Thang speaks at the forum (Photo: VNA)

Vietnam, Georgia look to more business opportunities

For Vietnamese firms, Georgia can serve as a gateway to broader regional markets, given its strategic location connecting the South Caucasus, Central Asia and China with European markets via the Black Sea.

Chairman of the Vietnamese Business Association in Laos (AVILA) Duong Dinh Bang (Photo: VNA)

PM’s visit injects fresh momentum into Vietnam-Laos special relations

At the 2026 Laos-Vietnam Investment Promotion Conference in Vientiane, the two PMs held direct dialogue with businesses and investors from both countries, affirming their determination to address bottlenecks in institutional frameworks, administrative procedures, transport infrastructure and payment connectivity. The goal of these efforts is to boost bilateral trade to 10 billion USD by 2030.

Deputy Secretary of the An Giang provincial Party Committee and Secretary of the Party Committee of the Phu Quoc special zone Dinh Van Noi speaks at the dialogue (Photo: baoangiang.com)

Phu Quoc moves to resolve infrastructure bottlenecks ahead of APEC 2027

Deputy Secretary of the An Giang provincial Party Committee and Secretary of the Party Committee of the Phu Quoc special zone Dinh Van Noi said an official information portal will be launched to receive public feedback, while hotlines for local leaders will allow businesses and residents to raise concerns directly.

Deputy Minister of Industry and Trade Phan Thi Thang at the forum. (Photo: VNA)

Vietnamese firms explore investment opportunities in Georgia

Priority areas with great cooperation potential include manufacturing, logistics infrastructure, renewable energy, tourism, hospitality, information and communications technology (ICT), and business process outsourcing (BPO), said a Georgian official.

Prime Minister Le Minh Hung and delegates launch the digital platform of the Vietnam Association of Small and Medium Enterprises (August 2026). Photo: VNA

Vietnamese businesses, entrepreneurs make growing contributions to national development

Vietnam Entrepreneurs’ Day is an opportunity to recognise businesses’ contributions and reinforce the entrepreneurial spirit, the pursuit of legitimate prosperity and national responsibility. With stronger policies and greater innovation, Vietnamese enterprises are expected to play an increasingly important role in economic growth and the country’s ambition to become a strong, prosperous nation.

A view at a CO.OPMART supermarket in Bac Ninh city (Photo: bacninh.gov.vn)

Bac Ninh’s CPI up 4.07% in nine months

The consumer price index (CPI) in Bac Ninh city rose 4.07% year-on-year in the first nine months of 2026, with housing and construction materials, education and transport recording the sharpest increases, according to the municipal Statistics Office.

Vietnam's textile - garment and footwear industries are aiming to shift from processing and assembly to stages with higher added value, increasing technology content and competitiveness. (Photo: VNA)

Vietnam’s supporting industries seek stronger domestic links

As global supply chains undergo major changes and environmental standards and digital technology requirements become more demanding, developing supporting industries has become essential to improving the competitiveness of the economy. This requires coordinated efforts by the Government, multinational corporations and domestic businesses.