Vietnam’s garment-textile industry stitching a greener, smarter future

Supported by 17 next-generation free trade agreements (FTAs) already in effect, the industry is poised for further growth, targeting 48 billion USD in export revenue this year.
aa
Vietnam’s garment-textile industry stitching a greener, smarter future
A garment factory in Dong Nai province (Photo: VNA)

Vietnam, the world’s second largest garment-textile exporter, is betting on green fabric to cement its place in the global supply chain.

According to Chairman of the Vietnam Textile and Apparel Association (VITAS) Vu Duc Giang, many Vietnamese enterprises are already weaving eco-friendly materials like organic cotton, recycled polyester, and Tencel. This aligns with global trend as major global brands operating in Vietnam have committed to achieving net-zero carbon emissions by 2050 under the Fashion Industry Charter for Climate Action.

Beyond sustainability, the sector is harnessing advanced technology in design and production. Investors are working to optimise production capacity, streamline supply chains, and improve product quality to stay competitive in both domestic and global markets.

Between now and 2030, the focus will gradually shift from rapid growth to a sustainability-driven, circular business model. By 2031-2035, the goal is to fully integrate Vietnam into a circular economy, strengthen its domestic value chain, and secure a high-value position in the global supply chain.

To such end, Vietnam is investing in sci-tech, upskilling the workforce, and developing hi-tech textile and dyeing projects in industrial zones. Plans also include expanding the production of natural, eco-friendly materials, accelerating digital transformation, and building a robust fashion ecosystem with globally and regionally recognised brands.

With over 7,000 apparel companies employing more than three million workers, Vietnam’s garment-textile industry is a true powerhouse. Up to 80% of its production capacity is dedicated to exports, while the remainder serves domestic consumption. Last year alone, Vietnam’s apparel exports reached nearly 44 billion USD, up 11.26% annually. This achievement solidifies Vietnam’s position as the world’s second largest garment-textile exporter, behind only China.

Supported by 17 next-generation free trade agreements (FTAs) already in effect, the industry is poised for further growth, targeting 48 billion USD in export revenue this year./.

en.vietnamplus.vn

Đọc thêm

Lynas secures Vietnam metal processing deal with LS Eco Energy

Lynas secures Vietnam metal processing deal with LS Eco Energy

Australian rare-earths miner Lynas has signed a framework agreement with LS Eco Energy to produce rare earth metals at a new facility in Vietnam.
Vietnam and EU seek to strengthen ties in transport infrastructure and urban development

Vietnam and EU seek to strengthen ties in transport infrastructure and urban development

Vietnam and the EU will enhance cooperation in transport infrastructure and sustainable urban development in the future, a meeting has heard.
Warburg Pincus eyes participation in Vietnam International Finance Centre

Warburg Pincus eyes participation in Vietnam International Finance Centre

Global private equity firm Warburg Pincus is keen on participating in the Vietnam International Finance Centre, according to a conference held on March 23.
Novatek eyes expanded LNG cooperation in Vietnam

Novatek eyes expanded LNG cooperation in Vietnam

As Vietnam races to secure its energy future and meet the demands of its surging economy, a new partnership with a Russian energy giant is taking shape, signalling a deepening of the nations' long-standing ties.
EU to mobilise over $1 billion for major infrastructure projects in Vietnam

EU to mobilise over $1 billion for major infrastructure projects in Vietnam

The European Union has launched a $46.4 million Sustainable Transport Development Fund to support large-scale infrastructure projects in Vietnam, with plans to mobilise additional financing from banks and private partners.
NIC partners with TU Berlin to boost Vietnam innovation ties

NIC partners with TU Berlin to boost Vietnam innovation ties

The National Innovation Centre has partnered with a leading technical university in Berlin to strengthen innovation and startup linkages between Vietnam and Germany.
ACB proposes $20 million non-life insurance subsidiary

ACB proposes $20 million non-life insurance subsidiary

Southern lender ACB has unveiled a formal proposal to establish a non-life insurance subsidiary as part of a strategic pivot to evolve into a comprehensive financial services provider by 2030.
New regulations create more transparent corporate bond market

New regulations create more transparent corporate bond market

A new draft decree on corporate bonds seeks to enhance transparency, tighten accountability, and strengthen oversight to rebuild investor confidence, and support capital market development.
Xem thêm