Vietnam’s textile and garment sector is maintaining its recovery after the pandemic, with export revenue in 2025 expected to hit $46 billion—a 5.6% rise compared with 2024, according to Vu Duc Giang, Chairman of the Vietnam Textile and Apparel Association (VITAS).
This represents a significant achievement, reflecting the industry’s strong rebound despite global economic uncertainties. The sector’s trade surplus is projected at $21 billion, emphasizing its vital role in Vietnam’s overall trade balance.
The localization rate has also climbed to around 52%, reflecting substantial advances in supply chain independence.
Vietnam’s textile products are now shipped to 138 global markets, with the United States remaining the top destination, generating over $18 billion in 2025—a year-on-year increase of about 10%.
Garments continue to lead export categories, contributing more than $38 billion to total turnover. When the pandemic hit in 2020, abrupt supply chain disruptions and canceled orders put immense pressure on manufacturers.
Despite these challenges, Vietnam’s textile firms demonstrated exceptional resilience, sustaining operations and maintaining their position among the world’s top three exporters.
By the end of 2025, Vietnam’s textile enterprises reported solid growth. Vietnam National Textile and Garment Group (Vinatex) posted VND 5.05 trillion in net revenue, a 10% increase, marking the highest level since it began releasing financial statements.
In the first nine months of 2025, Vinatex achieved consolidated revenue of VND 13.75 trillion, achieving 75% of its annual target, with pre-tax profit reaching VND 1.04 trillion—more than double the same period a year earlier.
The group anticipates closing the year with consolidated revenue of VND 18.89 trillion and a profit of VND 1.355 trillion. Vinatex aims for revenue of VND 20 trillion and a profit between VND 1.2 trillion and VND 1.5 trillion in 2026.
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