Hanoi (VNA) – Despite mounting pressure from the global market, Vietnam’s garment and textile industry is bouncing back and has demonstrated remarkable resilience, driven by strong alliance in the sector and strategic adaptability, according to Chairman of the Vietnam Textile and Apparel Association (VITAS) Vu Duc Giang.
He told the press on June 19 that the business community has maintained composure and confidence while identifying ways to remove bottlenecks amidst the US’s reciprocal tariffs.
The sector’s five-month exports rose 9% year-on-year to 17.58 billion USD, he said, projecting first-half shipment could exceed 22 billion USD, with full-year revenues potentially reaching 47-48 billion USD, thanks to a series of breakthroughs in business operation and flexible order coordination strategies among enterprises.
꧂ Giang highlighted that Vietnam's textile exports have shown robust growth not only in traditional markets like the US, where Vietnam now surpasses China in garment export value, but also in emerging regions including the Middle East and Africa, spanning more than 130 global markets.
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. He said a critical factor in this success has been the collaboration among enterprises, from order sharing and market information to domestic distribution networks, ensuring companies advance together rather than stand in isolation.
He stated that VITAS has served as a trusted partner who always listens to the industry’s concerns and proposes recommendations to the Government to address challenges.
Environmental sustainability has emerged as a cornerstone of the industry's development strategy, Giang said, announcing that the association will host multiple investors in environmentally compliant textile dyeing industrial parks in Ho Chi Minh City on June 25, demonstrating Vietnam's commitment to green transformation and its pledges made at UN Climate Change Conference in Glasgow (COP26).
Digital transformation has been the focus of the sector, with various products launched on the e-commerce marketplaces which have earned international recognition for product quality and reliability.
🔥 Amidst globalisation where markets compete not only on price but also on brand value and cultural identity, Vietnam's textile industry is steadily establishing its unique character and reputation, according to Giang. He held that press has a significant role to play in helping consumers identify quality products while avoiding counterfeit goods, thereby building trust in Vietnamese products and brands./.
