AsemconnectVietnam - Vietnam’s exports of textiles and garments fell 5.81 percent month-on-month to US$3.19 billion in January, according to Vietnam’s General Department of Customs.

The USA remained the largest importer, accounting for 43.89 percent of total exports. However, shipments to the market declined by 8.94 percent to US$1.40 billion. Japan followed with US$378.63 million in imports, down 3.34 percent, while South Korea increased its purchases by 30.30 percent to US$297.86 million.
Exports to several European markets experienced mixed trends. The Netherlands saw a sharp drop of 23.19 percent to US$83.90 million, while shipments to Germany fell 18.43 percent to US$66.29 million. In contrast, Spain increased its imports by 12.13 percent to US$62.45 million, and Poland recorded a 15.09 percent rise to US$13.48 million.
Textile and garment sector sees export growth
Vietnam’s textile and garment industry is experiencing export growth in 2025, driven by strong demand from major markets like the U.S., EU, and Japan. January exports reached $3.19 billion, marking a 1.8% year-on-year increase. Many companies have secured orders through Q2, with some extending into Q3.
Key Industry Updates:
• Garment 10 Corporation has booked significant Q2 orders and is expanding its market reach.
• TNG Investment and Trading JSC has locked in Q2 orders, with 46% of exports going to the U.S.
• Song Hong Garment JSC exports 70% to the U.S. and plans to expand production by 25% in 2025.
• Thanh Cong Textile Investment Trading JSC has filled Q1 orders and is executing Q2 contracts.
• Vietnam National Textile and Garment Group reported orders secured through Q3.
Challenges & Opportunities:
• Industry growth is projected at 13–15% CAGR in 2025, similar to pre-pandemic levels.
• Rising shipping costs (up 10–15% YoY) may pressure profit margins.
• Vietnam surpassed Bangladesh in 2024, becoming the world’s second-largest textile exporter after China.
• The country benefits from lower tariffs (10–20% below China’s) and significantly cheaper labor costs.
Vietnam’s textile sector is set for further expansion, leveraging cost advantages, efficient production, and strong global demand while managing rising logistics costs.
Vietnam’s international textile fair to take place this month
The Vietnam International Trade Fair for Apparel, Textiles, and Textile Technologies (VIATT) will take place at the Saigon Exhibition and Convention Centre (SECC) in Ho Chi Minh City from February 26-28. The event will host over 400 exhibitors with more than 500 booths, showcasing products across the entire textile supply chain, including fabrics, yarns, apparel, home textiles, textile machinery, and certification services.
VIATT 2024 will feature strong international participation, with pavilions from India, Japan, South Korea, Pakistan, Taiwan, and Thailand. Notably, a European pavilion will debut, featuring exhibitors from Turkey, France, Germany, the UK, and Switzerland.
The fair aims to strengthen its position as a key sourcing hub in the ASEAN region, attracting buyers from Malaysia, Myanmar, Thailand, and beyond. It will also introduce an "econogy zone" focused on sustainable production and an innovation zone highlighting technological advancements. The event will include industry seminars and fashion shows by global designers.
H&M plans 1 billion USD investment to turn Binh Dinh into a circular textile hub
Syre, a subsidiary of H&M, has revealed ambitious plans to invest up to 1 billion USD in establishing a high-tech fabric production complex in Binh Dinh, aiming to position the province as a global centre for circular textile manufacturing.
During discussions with the Ministry of Industry and Trade, Syre Group outlined its intention to develop a high-tech fabric production complex in Nhon Hoi A Industrial Park, Nhon Hoi Economic Zone, with an estimated capacity of 250,000 tonnes per year and a total investment ranging from 700 million USD to 1 billion USD.
According to Tim King, Senior Operations Director at Syre, the group is committed to integrating state-of-the-art technologies into its polyester fibre recycling project, ensuring compliance with global environmental standards, while adhering to Vietnam's environmental protection regulations.
T.Huong
Source: Vitic