Vietnam’s garment-textile exports expected to reach 44 bln USD

Vietnam’s garment-textile export value is expected to reach 44 billion USD in 2024, marking an 11% increase from 2023, according to the Vietnam Textile and Apparel Association (VITAS).

Garment-textile import turnover is estimated at 25 billion USD, up 15%, resulting in a trade surplus of 19 billion USD, up 7% compared to the previous year.

Insiders noted that many companies in the sector are experiencing growth in orders for both 2024 and 2025. Despite ongoing global complexities, fluctuating shipping costs, slow trade recovery, and reduced global investment, Vietnam's garment-textile industry has managed to maintain strong growth.

For 2025, the entire industry aims for an export turnover of around 48 billion USD.

Still, experts pointed out that exports to the EU remain modest. A significant challenge for the industry is the issue of sourcing, as raw materials are largely imported from China and other non-FTA countries./.