Textiles, footwear: 'Red factor' for long-term exports
Monday, September 8,2025
AsemconnectVietnam - Over past 10 years, textiles and footwear have always been among Vietnam's key export products. The world market has now changed. How can that position be maintained?
In past 10 years, Vietnam's exports have made remarkable progress, contributing to enhancing our country's position in international market. According to General Statistics Office, Vietnam's total import-export turnover has continuously maintained growth momentum.
In particular, Vietnam's total export turnover in past 10 years has reached nearly 3,000 billion USD, with an average growth rate of about 10%/year. In 2024, export turnover has exceeded 400 billion USD (405.53 billion USD), ranking among 20 economies with the largest export value in the world. In 2025, Vietnam's trade surplus is estimated to reach about 25 billion USD and export/GDP ratio is about 90%.
Import-export structure is increasingly oriented towards core of industrialization, increasing proportion of processed goods exports, reducing proportion of raw and semi-processed goods (exporting approximately 50% of high-tech goods and importing more than 90% of production materials). In which, textiles and footwear are two of 5 industries with the highest export turnover.
Also according to data from General Statistics Office, in the first 7 months of 2025, textiles and footwear reached 22.5 billion USD in export turnover, up 11% over the same period; footwear reached 14 billion USD, up 9% over the same period last year.
With favorable order situation since the beginning of this year, domestic textile and footwear enterprises have produced and operated quite stably. It is expected that by 2025, textile and garment industry will reach 47 billion USD in export turnover and footwear industry will reach 27 billion USD in export turnover.
However, in political report of Party Executive Committee of Ministry of Industry and Trade presented to the 1st Congress of the Party Delegates of Ministry of Industry and Trade, term 2025 - 2030, Industry and Trade sector aims to participate deeply in global value chain; consolidate its position in the group of 20 leading exporting economies.
In particular, Industry and Trade sector is determined to strive to achieve a target of achieving an export growth rate of 13.5 - 14.5%/year; an export growth rate of domestic enterprises of 10 - 12%/year in a period of 2026 - 2030.
To contribute to Industry and Trade sector's target of double-digit export growth in coming period, textile and garment and footwear industries are both facing a difficult problem. Because, in terms of scale of the domestic consumer market, labor growth and growth of the world consumer market, it is not feasible to grow in breadth to reach double digits.
Therefore, experts believe that growth in depth is the right "path" for textile, garment and footwear industry to achieve double-digit growth. Accordingly, businesses are advised to invest in production technology to increase productivity; increase income for workers.
To achieve this goal, businesses also need policies to encourage domestic businesses to invest and produce raw materials; encourage use of science and technology innovation funds; reduce taxes for businesses, especially for businesses investing in modernization and robotization to increase labor productivity; reduce taxes and fees for businesses...
Source: Vitic/ congthuong.vn
In particular, Vietnam's total export turnover in past 10 years has reached nearly 3,000 billion USD, with an average growth rate of about 10%/year. In 2024, export turnover has exceeded 400 billion USD (405.53 billion USD), ranking among 20 economies with the largest export value in the world. In 2025, Vietnam's trade surplus is estimated to reach about 25 billion USD and export/GDP ratio is about 90%.
Import-export structure is increasingly oriented towards core of industrialization, increasing proportion of processed goods exports, reducing proportion of raw and semi-processed goods (exporting approximately 50% of high-tech goods and importing more than 90% of production materials). In which, textiles and footwear are two of 5 industries with the highest export turnover.
Also according to data from General Statistics Office, in the first 7 months of 2025, textiles and footwear reached 22.5 billion USD in export turnover, up 11% over the same period; footwear reached 14 billion USD, up 9% over the same period last year.
With favorable order situation since the beginning of this year, domestic textile and footwear enterprises have produced and operated quite stably. It is expected that by 2025, textile and garment industry will reach 47 billion USD in export turnover and footwear industry will reach 27 billion USD in export turnover.
However, in political report of Party Executive Committee of Ministry of Industry and Trade presented to the 1st Congress of the Party Delegates of Ministry of Industry and Trade, term 2025 - 2030, Industry and Trade sector aims to participate deeply in global value chain; consolidate its position in the group of 20 leading exporting economies.
In particular, Industry and Trade sector is determined to strive to achieve a target of achieving an export growth rate of 13.5 - 14.5%/year; an export growth rate of domestic enterprises of 10 - 12%/year in a period of 2026 - 2030.
To contribute to Industry and Trade sector's target of double-digit export growth in coming period, textile and garment and footwear industries are both facing a difficult problem. Because, in terms of scale of the domestic consumer market, labor growth and growth of the world consumer market, it is not feasible to grow in breadth to reach double digits.
Therefore, experts believe that growth in depth is the right "path" for textile, garment and footwear industry to achieve double-digit growth. Accordingly, businesses are advised to invest in production technology to increase productivity; increase income for workers.
To achieve this goal, businesses also need policies to encourage domestic businesses to invest and produce raw materials; encourage use of science and technology innovation funds; reduce taxes for businesses, especially for businesses investing in modernization and robotization to increase labor productivity; reduce taxes and fees for businesses...
Source: Vitic/ congthuong.vn
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