Vietnam's 2025 textile-garment exports estimated to hit $46 bn: VITAS

VITAS chairman Vu Duc Giang told reporters the year continues its strong recovery after several years of global disruptions.

The sector’s trade surplus is estimated at $21 billion for the year. Fifty-two per cent of the raw materials used by the sector is now procured from indigenous sources.

Entering its seventh term from 2025 to 2030, the association’s ambitious objectives aligned with sustainable development and a circular economy include an export turnover of $64.5 billion by 2030, with an average annual growth rate of 6.5-7 per cent, and an annual domestic market revenue of $8-9 billion.

VITAS will also focus on greening and digitalising the industry, increasing the localisation rate to over 60 per cent and building a strong, internationally-recognised Vietnamese fashion brand, according to domestic media reports

ALCHEMPro News Desk (DS)