Specifically, in the first 2 months of 2025, textile and garment industry reached 5.634 billion USD, up 9.3% over the same period. Export figures achieved by the industry in the first 2 months of the year are still within expectations, because many domestic textile and garment enterprises currently have orders until the second quarter of 2025. However, from the third quarter of 2025, there are signs of slowing down because customers are still waiting to see impact of US tax policies on the economy.
According to Mr. Hoang Manh Cam - Deputy Chief of Office of Board of Directors of Vietnam Textile and Garment Group, new US tariff measures have not targeted Vietnam and Vietnam is also the least vulnerable country in the ASEAN region in terms of reciprocal taxes; textile and garment industry has not yet been subject to additional taxes.
Historical data shows that Vietnam's textile and garment exports to the US are still growing well and still have potential to increase market share in this country. Vietnamese textile and garment enterprises need to improve their compliance with regulations on origin of the US anti-forced labor law for China.
Similarly, Mr. Pham Xuan Hong - Chairman of Ho Chi Minh City Textile and Garment Embroidery Association - also acknowledged that the US tax policy has not had an immediate impact on Vietnamese textile and garment industry and the US is still the industry's largest export market.

Source: Vitic/ congthuong.vn