Vietnam’s textile and garment industry continues its post-pandemic resurgence, with export turnover in 2025 projected to reach USD 46 billion, a 5.6% increase from 2024, according to Vu Duc Giang, Chairman of the Vietnam Textile and Apparel Association (VITAS).
This marks an important milestone that highlights the sector’s strong recovery amid global economic fluctuations. Notably, the industry’s trade surplus is estimated at USD 21 billion, underscoring its critical contribution to Vietnam’s overall trade balance.
The localization rate – representing the proportion of domestically produced raw materials – has reached approximately 52%, signaling major progress in supply chain autonomy.
Vietnamese textile products are now exported to 138 markets worldwide, with the United States remaining the largest destination, generating over USD 18 billion in 2025, up about 10% year-on-year. Garments continue to dominate export categories, accounting for more than USD 38 billion of total turnover.
By late 2025, many Vietnamese textile companies reported strong business performance. TNG Investment and Trading JSC recorded VND 6.67 trillion in revenue and VND 280.3 billion in profit for the first nine months of 2025, up 13.3% and 16.3% respectively. Song Hong Garment JSC (MSH) posted VND 4.15 trillion in revenue and VND 468 billion in profit, increases of 8% and 73% year-on-year.
Vietnam National Textile and Garment Group (Vinatex) reported VND 5.05 trillion in net revenue, up 10%, marking its highest level since the group began publishing financial results. For the first nine months of 2025, Vinatex’s consolidated revenue reached VND 13.75 trillion, completing 75% of its annual plan, with pre-tax profit of VND 1.04 trillion, more than double the same period last year.
The group expects to close the year with VND 18.89 trillion in consolidated revenue and VND 1.355 trillion in profit, while average monthly income per worker is forecast at VND 11.7 million, up 10% from 2024.
Looking ahead, Vinatex targets VND 20 trillion in revenue and VND 1.2–1.5 trillion in profit for 2026. However, the industry faces mounting challenges in 2026. Global textile demand is expected to grow only 3%, half the rate of 2025, as U.S. tariff measures continue to affect consumer spending.
Meanwhile, intense competition in key markets such as the EU, Japan, and South Korea, along with price undercutting from China, will put pressure on Vietnamese exporters. At the same time, rising raw material and logistics costs, shorter delivery timelines, stricter traceability regulations, and lower processing fees add further strain.
Despite these headwinds, industry leaders believe Vietnam will remain a key player in the global apparel supply chain, thanks to its production stability, skilled workforce, and growing efforts toward sustainability and digitalization.
