Garment sector sets targets of earning 55 billion USD from export and generating 3 million jobs by 2025 (Source: VNA)
Hanoi (VNA) - The garment sector has set targets of earning 55billion USD from export and generating 3 million jobs by 2025.
The targets were unveiled at the sixth congress of the Vietnam Textile andApparel Association (VITAS) in Hanoi on December 12.
To meet the targets, the garment sector will capitalise on free trade agreementsVietnam has signed with its partners.
The VITAS will play a better role in connecting businesses with internationalorganisations and customers to elevate Vietnamese garments’ position in theglobal supply chain.
The VITAS proposed the Ministry of Industry and Trade soon submit to the Governmentfor approval a strategy for the development of Vietnam’s textile and garmentsector to 2030 with a vision to 2035.
It also proposed the Government and ministries accelerate administrativereform, remove difficulties, ensure a sound business investment environment andreduce costs for businesses.
The garment sector has been singled out for maintaining production and growthduring 2016-2020, especially in the context of the COVID-19 pandemic in 2020.
It has made good use of FTAs Vietnam has signed with the Republic of Korea, theEurasian Economic Union, the European Union (EVFTA), or of those FTAs to whichVietnam is a signatory, such as the Comprehensive and Progressive Agreement forTrans-Pacific Partnership (CPTPP) and the Regional Comprehensive EconomicPartnership (RCEP).
Vietnam’s garment exports have increased considerably from 28.1 billion USD in2016 to 38.9 billion USD in 2019, posting an average growth rate of 9.55percent annually. The 2020 figure is expected to be 35.2 billion USD./.
Vietnam’s underdeveloped fabric production is making it difficult for textile and garment businesses to take advantage of free trade agreements, including the Europe – Vietnam Free Trade Agreement (EVFTA).
Prime Minister Nguyen Xuan Phuc asked the garment-textile and footwear sectors to promote the building of Vietnamese brands and supply chain linkages, and develop supporting industries during a working session with the sectors’ representatives in Hanoi on November 23.
Vietnam’s textile and garment industry is predicted to earn about 33.5 - 34 billion USD from exports in 2020, higher than the forecast of 30-31 billion USD in April, and down 14-15 percent year-on-year.
Vietnam’s textile and garment exports is set to fall 15 percent to 34 billion USD this year, the first drop in 25 years, over Covid-19 impacts. With the Covid-19 situation remains serious in the U.S. and some European countries, exports to these markets will continue to face difficulties due to a shortage of orders, the Ministry of Industry and Trade said in a recent report.
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In the first four months of 2025, trade turnover between Vietnam and Cambodia surpassed 3 billion USD, marking a 7% increase compared to the same period in 2024.
On June 19 alone, a total of 2,005 trucks completed customs clearance at Lang Son’s border gates — the highest single-day figure ever recorded in the province. Of these, 634 carried exports and 1,371 imports.
The OECD Economic Surveys: Vietnam 2025 report focuses on analysing the country’s macroeconomic fundamentals, the impact of international integration on attracting foreign investment and trade, and the country’s prospects for developing a low-carbon economy.
Antoine Colin, Senior Vice President for Global Supply Chain Digital Transformation & Resilience at HP Inc., affirmed HP’s strategic commitment to building a supply chain and ecosystem in Vietnam and the region.
Deputy Director General of the Ministry of Industry and Trade (MoIT)’s Trade Promotion Agency Bui Quang Hung emphasised that logistics has evolved from a technical function into a core capability for Vietnamese exporters to maintain their competitive advantage in the US market.
A trade official has suggested companies work closely with shipping lines, airlines, and freight forwarders to monitor routes, transit times, and potential surcharges while exploring broader cargo insurance to cover risks like war and terrorism.
In addition to institutional reform, the agency is also rolling out key solution groups to combat counterfeit goods, imitations, and intellectual property infringements in the digital environment.
The event, co-organised by the Vietnam Trade Office in the UK and TT Meridian, a local importer of Vietnamese fresh produce, aims to build a national lychee brand and encourage broader recognition of Vietnamese fruits in a competitive, high-end market.
The industry's performance has been powered by bold investments in modern production lines, enabling Vietnamese firms to produce complicated products which were exclusive to advanced economies.
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This is the second year the magazine has released the ranking, which is based on total revenue and key financial indicators of enterprises from seven countries in the region: Vietnam, Indonesia, Thailand, Malaysia, Singapore, the Philippines, and Cambodia.
At the summit, publishing, tech, and media sectors will discuss emerging trends, business models, and sustainable solutions for digital publishing development in Vietnam.
This year’s “Vietnam Goods Week” marks a significant milestone as it is being held simultaneously for the first time in four locations across Asia: Japan, Hong Kong (China), Cambodia, and Malaysia, from June 19 - 22.
According to NordCham Vietnam Chairman Thue Quist Thomasen, the Vietnamese Government’s commitment to achieving net-zero emissions by 2050 is both a challenge and an opportunity for businesses to contribute to green and sustainable growth.
The analysis from an investment perspective shows that the economy’s growth has been heavily capital‑driven, yet efficiency remains low as reflected by Vietnam’s Incremental Capital-Output Ratio (ICOR) being significantly higher than global and regional averages. This underscores the imperative to enhance capital‑use efficiency.
Garment sector sets targets of earning 55 billion USD from export and generating 3 million jobs by 2025 (Source: VNA) 
