According to local media, Vietnam’s export value of clothing and textiles was predicted to reach US$44 billion in 2024, representing an 11.26 percent growth from 2023.
It was projected that the nation’s import revenue from clothing and textiles would increase to $25 billion, or 14.79 percent, creating a trade surplus of According to the Vietnam Textile and Apparel Association, the country’s import turnover for clothing and textiles was expected to reach $25 billion, up 14.79 percent, with a trade surplus of $19 billion, up 6.93 percent from the previous year.
According to the association’s head, Vu Duc Giang, many businesses were seeing an increase in orders for 2024 and 2025.
“Vietnam’s garment-textile industry has maintained strong growth despite ongoing global complexities, fluctuating shipping costs, slow trade recovery, and reduced global investment,”
According to him, the business aims to export more than $48 billion by 2025. Xinhua
