Vietnam’s apparel and textile industry is well-positioned for substantial development in 2025 by capitalising on the strong recovery from the previous year. This growth will be fuelled by changes in global demand, environmentally friendly production methods, and technical advancements.
Vietnam National Textile and Garment Group (Vinatex) general director Cao Huu Hieu recognised the difficulties the industry had from the beginning of the previous year, such as low market demand and falling export prices. However, a rebound in the second half of the year allowed the industry to meet its 11 per cent growth goal.
According to Hieu, the corporation had trouble meeting its goals in the first half of 2024 because of weak market conditions. But there was a significant change in the second part of the year when orders were diverted to Vietnam due to political unrest in markets like Bangladesh, which led to a significant increase in new orders starting in July.
Vinatex’s business performance significantly improved as a result of this recovery. The company’s consolidated profit jumped to an expected US $ 30.8 million in 2024, up 37.5 percent from 2023, while its consolidated revenue surpassed US $ 754 million, up 2.8 per cent.
Experts predict that Vietnam’s garment exports will continue to grow in 2025, supported by the industry’s capacity to produce premium goods at affordable costs and supported by ongoing investments in cutting-edge equipment and technology.
