Vietnam textile market update in March 2025
Tuesday, March 18,2025
AsemconnectVietnam - Vietnam earned nearly 3.2 billion USD from textile and garment exports in the first two months of this year, up 1.8% from the same period last year.
Many enterprises have already secured orders until the second quarter, and some even until the third quarter. Corporation 28’s exports of textile and garment rose 10% and 7% respectively. "We have secured orders until the second quarter and are working with partners to ensure a stable supply for the whole year," said Corporation 28’s General Director Bui Van Bac. Experts predict Vietnam’s textile and garment exports will continue to grow thanks to the recovery of key markets such as the US, Europe, and Japan. "As the global economy recovers, the demand for textiles and garments is increasing. Digital transformation, green transition, and diversification of raw material sources have also enhanced the competitiveness and export value of Vietnamese textile and garment products," said economist Ngo Minh Hai.
Vietnam targets 48 billion USD in textile and garment export revenue this year.
Vietnam emerges as key hub for int’l textile manufacturers
Vietnam’s strategic location, commitment to sustainability, and innovation have made it an attractive destination for international textile producers seeking to diversify global supply chains.
This trend was highlighted at industry seminars during the Vietnam International Trade Fair for Apparel, Textiles and Textile Technologies 2025 (VIATT 2025) in Ho Chi Minh City on February 27.
Experts noted that Vietnam’s textile industry enters 2025 with momentum from key milestones achieved in 2024. The country is expected to surpass Bangladesh as the world’s second-largest garment exporter after China.
Vietnam’s textile sector, comprising around 7,000 companies and over 3 million workers, dedicates 80% of its production capacity to exports and 20% to domestic consumption. The industry’s growth is supported by a well-developed logistics network, a skilled workforce, and a stable political environment. Vietnam’s home textile market is projected to grow at a compound annual growth rate (CAGR) of 2.4% from 2024 to 2032, fueled by rising demand for modern home textiles, e-commerce expansion, and favourable government policies.
Deputy Minister of Industry and Trade Phan Thi Thang underscored the sector’s strong development and its vital role in Vietnam’s economic growth. In 2024, textile and garment exports reached nearly US$44 billion, up 11.26% from 2023, accounting for 12% to 16% of the nation’s total export revenue.
With the support of 17 next-generation free trade agreements (FTAs), the industry aims to achieve an export target of US$48 billion in 2025. Plans include developing large-scale, fully integrated production chains, investing in automation, embracing digital transformation, and adopting real-time management and eco-friendly practices.
International trade agreements like the Regional Comprehensive Economic Partnership (RCEP), the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and the EU-Vietnam Free Trade Agreement (EVFTA) will drive further growth. Many manufacturers from Asia and Europe, including China, have already expanded their presence in Vietnam.
Foreign companies are actively seeking reliable local partners to strengthen trade ties and meet diverse market demands. This collaboration enhances Vietnamese manufacturers’ ability to meet FTA origin requirements, product value, and alignment with global sustainability trends.
Wendy Wen, Managing Director of Messe Frankfurt Hong Kong, said VIATT 2025 will showcase innovative digital solutions to boost efficiency and tailor products to market needs. The event will also feature a “Sustainable Production Zone,” providing a platform for eco-friendly service providers to share expertise and present cutting-edge innovations aimed at enhancing production efficiency and meeting new market demands.
Textile and garment sector sees export growth
The domestic textiles and garment industry is witnessing a surge in export orders in 2025, driven by a positive economic outlook and competitive advantages, positioning the country as a key player in the global market.
Accordingly, Vietnam posted $3.19 billion in textiles and garments industry exports in January – a 1.8 per cent increase from the same period last year – driven by robust demand from major markets such as the United States, EU, and Japan. Orders have already been booked through Q2, with some extending into Q3.
“Our company has secured significant orders for Q2 of 2025, setting a strong pace for the year,” said Than Duc Viet, general director of Garment 10 Corporation.
Garment 10 is actively expanding its reach in both domestic and export markets, targeting traditional markets in the US, EU, and Japan while exploring opportunities in South Korea, China, and other Asian nations. The company underscored the sector’s potential in 2024 by posting $187.9 million in total revenue and $5.26 million in pre-tax profit, up 10 per cent and 7 per cent on-year, respectively.
Some Vietnamese textile manufacturers
Saigonwool - Saigon Wool & Trading Corporation
Add: No. 255 Hoang Van Thu, Ward 2, Tan Binh District, Ho Chi Minh City, Vietnam
Tel: +84 937671666 (hotline/zalo)
MAIN MARKET: Asia, Australia, Europe, and North America
Established in 2000, Saigon Wool is a leading company in producing high quality knitting products.
Our customers: Asia, Australia, Europe, and North America
Achievement: May 2014, Saigon Wool became the first company in Vietnam receiving certificate and licence membership from The Woolmark Company.
Apex Dalat Knitwear Manufacturer - Apex Dalat Co., Ltd
Add: 21 Dang Thai Than St., Ward 3, Da Lat City, Lam Dong, Vietnam
Tel: +84 263 3824024, +84 919066058
MAIN MARKET: Vietnam, EU, USA, Japan, Korea, etc.
Apex Dalat specializes in manufacturing Uniform knitwear for offices and schools
+ Materials from India, Pakistan, Thailand, Australia, etc.
+ Outstanding quality, diverse styles and colors.
+ Markets: England, Canada, Australia, Korea.
Fatex Wool Products - Fatex Company Limited
Add: No. 10, Lane 252, Ngoc Thuy St., Long Bien Dist., Ha Noi, Vietnam
Tel: +84 24 38712377, +84 24 38730160, +84 982113483
MAIN MARKET: Vietnam, International (America, Europe, etc.)
Established in 2002, specializing in manufacturing wool knitting products such as: Wool hats, Wool scarfs, Wool gloves, Sweaters, etc.
➢ 42 advanced power looms imported from Germany and Japan.
➢ Main export markets: America, Czech Republic, Hungary, Australia, Poland, etc.
Ngoc Chau Textile - Ngoc Chau Textile Company Limited
Add: Hoan Muc Village, Hoan Long Commune, Yen My District, Hung Yen, Vietnam
Tel: +84 913556798, +84 967398675
MAIN MARKET: Vietnam, International
Ngoc Chau Textile - Specializes in manufacturing and processing customized textile products:
➠ Sweater, polo sweater, woolen dress, cardigan, etc.
☑️ Fast design and sample development (1-3 days).
☑️ Low MOQ (200pcs/color).
☑️ Fast production (Maximum 45 days).
Nha Trang Textile Products - Nha Trang Textile & Garment Joint Stock Company
Add: Km1447 National Highway 1, Vinh Phuong Ward, Nha Trang City, Khanh Hoa, Vietnam
Tel: +84 258 3727236, +84 258 3727227
MAIN MARKET: FDI in Vietnam
Nhatexco - One of the leading Textile Product Manufacturers in Vietnam.
❖ T-shirts, polo shirts, sportswear, etc.
☑ 30 years of experience.
☑ Output: 4-6M products per year.
☑ Certificates: ISO 9001:2015 - OEKO-TEX - VNR500
Da Lat Trading Joint Stock Company
Add: Km 2.5, Phung Hung St., Kien Hung Ward, Ha Dong Dist., Hanoi, Vietnam
Tel: +84 24 33543355
MAIN MARKET: Vietnam, Japan, Korea, EU, Czech Republic, Germany, Hungary, Poland, Russia
Founded in 1998, Da Lat is textile product manufacturer and exporter in Vietnam
Our products: Woolen waistcoat, sweaters, etc.
✓ Productivity: More than 500,000 woolen textile products/year
✓ Typical partners: Bestibelli, Crocodile, Arnaldo Bassini, Mind Bridge, etc.
Nam Thanh Knit And Garment Joint Stock Company
Add: Lot Lp01-LP02, Group 49 Trung Kinh, Cau Giay District, Ha Noi, Vietnam
Tel: +84 24 37841692
MAIN MARKET: Vietnam, Germany, Netherlands, Hungary, Russia, Czech Republic, etc.
Yamaken Apparel Vietnam Wool Textile - Yamaken Apparel Vietnam Company Limited
Add: Dong An Industrial Park, St. 3, Thuan An Dist., Binh Duong, Vietnam
Tel: +84 274 3783057
MAIN MARKET: Vietnam, Japan, Korea, Thailand, EU
Ninh Thu Company Limited
Add: 55 Phu Long Street, Nam Dinh City, Nam Dinh, Vietnam
Tel: +84 350 3644669
CATEGORY: Vietnam textile manufacturers
BUSINESS TYPE: Manufacturer
MAIN MARKET: Vietnam, Czech, Polish, German, French, etc.
Ha Noi Textile And Garment Joint Stock Corporation
Add:8th Floor, Nam Hai LakeView Building, Lot 9A Vinh Hoang, Hoang Mai Dist., Ha Noi, Vietnam
Tel: +84 24 38621225
MAIN MARKET: Vietnam, International (US, Japan, EU, etc)
No. 7 Textile & Garment Company
Add:109A Tran Van Du Street, Ward 13, Tan Binh District, Ho Chi Minh City, Vietnam
Tel: +84 28 38425372
MAIN MARKET: Vietnam, America, Europe
Queen.TNT Co.,Ltd
Add:Dinh Xom 2, Lai Yen Commune, Hoai Duc District, Hanoi, Vietnam
Tel: +84 985864861
MAIN MARKET: Vietnam, International
Pan Textile Vietnam Company Limited
Add:Lot C2-12, C2-13, Dai Dang Industrial Zone, Thu Dau Mot City, Binh Duong, Vietnam
Tel: +84 274 39731683
MAIN MARKET: Vietnam, Asia, EU, USA
T.Huong
Source: Vitic
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