Maintaining export stability, ensuring growth target
The Prime Minister has just issued a telegram on strengthening solutions to promote exports, in the context of the world situation continuing to develop complicatedly, increasing trade competition and unpredictable geopolitical risks.
The dispatch stated that in the first 10 months of 2025, total import-export turnover of the country reached 762.4 billion USD, an increase of 17.4% over the same period, of which exports reached 391 billion USD, an increase of 16.2%. The trade balance continued to have a surplus of 19.6 billion USD, which is an important foundation for macroeconomic stability.
2025 GDP growth target of over 8% can only be achieved if exports continue to maintain a steady pace in the remaining months, especially during the peak international consumption season at the end of the year. Therefore, the Prime Minister requested units to focus on implementing many key tasks.
In particular, Ministry of Industry and Trade focuses on promoting trade, taking advantage of high demand during the holiday season in the US, EU and traditional markets; increasing diversification of markets, products and supply chains.
The Ministry also speeds up negotiations and signing of bilateral and multilateral trade agreements with potential partners. Promote role of overseas Trade Office system in supporting supply - demand, market information and connecting businesses. Strengthen links between domestic enterprises and FDI corporations to participate more deeply in global value chain.
Exports within forecast, contributing to implementation of task
Joining forces with the sectors to implement the Government's telegram, at the same time achieving the year's growth target, ensuring macroeconomics for national development, the textile and garment business community is also making efforts step by step.
Although world market has not fully recovered this year, purchasing power is still cautious, textiles and garments still maintain necessary stability. According to Mr. Truong Van Cam, Vice President of the Vietnam Textile and Apparel Association, the Vietnamese textile and garment industry has developed very strongly in recent decades, especially attracting foreign investment. Without such investment sources, Vietnam's textile and garment industry could not have taken off as quickly as in the past. By the end of 2024, Vietnam had attracted about 30 billion USD in FDI capital into textiles and garments, with Korea alone contributing about 6 billion USD with more than 1,000 projects. It is international investment that has created a driving force in technology, management and market connection for the industry.
“Another proof of the industry's remarkable growth is that from a turnover of only 1.96 billion USD in 2001, textile and garment industry is expected to reach 46 billion USD this year,” Mr. Cam emphasized.
Not only chasing growth in quantity, the industry has repositioned itself in a higher value segment, the leader of Vietnam Textile and Apparel Association analyzed, Vietnam's textile and garment industry does not chase cheap products but maintains product class, delivery time and market response ability.
Notably, over the past 5 years, despite challenges from pandemic, global inflation and declining demand, Vietnamese enterprises have improved their internal strength by transforming technology and developing sustainably.
Digital transformation and green transformation have become inevitable requirements. Many businesses have applied AI, Big Data, and automation to increase productivity and optimize costs. At the same time, the industry focuses heavily on environmental standards, which are decisive factors in entering high-end markets.
“About 90% of textile and garment industry’s export turnover comes from countries with high requirements for sustainable development and environmental standards. This is a challenge but also a driving force for us to transform more strongly,” said Mr. Cam.
In the long term, Vietnam has a clear advantage for development with macroeconomic stability, a skilled workforce, an increasingly complete supply chain, and a trade “weapon” of 17 free trade agreements that have come into effect and many agreements under negotiation.
“In next 5-10 years, the textile and garment industry still has a chance to develop well if it goes in the right direction. When the economy strives to achieve double-digit growth from next year as directed by the Government, that will be a great driving force for the whole industry,” said Mr. Cam.
Thus, it can be seen that with expected turnover of 46 billion USD in 2025, textile and garment industry can complete the target as planned, and join hands with the whole country to ensure the growth target.
However, competitive pressure will still be great, but with the foundation that has been consolidated through decades of investment and deep integration, Vietnam's textile and garment industry has enough capacity to continue to be a bright spot in exports.

Source: Vitic/ congthuong.vn