Although Viet Nam ranks among the world's top three textile and garment exporters, the industry's value added remains relatively low and unstable due to its heavy reliance on imported raw materials and accessories. To enhance competitiveness and increase value creation, the country needs to accelerate the development of specialised textile industrial parks alongside supporting industries while making full use of the sector's integrated production ecosystem.

Viet Nam’s textile and garment exports reached 18.8 billion USD in the first five months of 2026, up 5.6% year-on-year, despite weak global demand, geopolitical uncertainties and tariff-related challenges, according to the Viet Nam National Textile and Garment Group (Vinatex).

US President Donald Trump has just signed an executive order adjusting reciprocal tariffs on 69 countries and territories, with Viet Nam’s tariff set at 20%, effective from August 7, 2025.