Vietnam Textiles Target $50 Billion Exports in 2026

Leveraging FTAs, Textile and Garment Industry Sets Target to Conquer $50 Billion Milestone

Linked with the goal of enhancing the competitiveness of the national brand, Vietnam’s textile and garment industry aims for an export turnover of approximately 50 billion USD in 2026.

Supply Chain Restructuring Based on the foundation of supply chain restructuring and effectively utilizing Free Trade Agreements (FTAs), Vietnam’s textile and garment industry has set an export turnover target of approximately 50 billion USD for this year (2026), an increase of nearly 3 billion USD compared to 2025. This goal aligns with the orientation of sustainable growth and deep integration into the global value chain.

The above information was shared by Mr. Vu Duc Giang, Chairman of the Vietnam Textile and Apparel Association (Vitas) and Chairman of the Board of Directors of Viet Tien Garment Corporation, at a press conference on the afternoon of January 12, on the occasion of the 50th anniversary of Viet Tien Garment Corporation.

According to Vitas’ assessment, 2025 is considered a pivotal year for the industry, with export turnover estimated at about 46 – 47 billion USD. The increase in the coming period will focus on the quality of growth, the level of supply chain proactivity, and the ability to utilize integration commitments.

Sharing about the industry’s strategic direction, Mr. Vu Duc Giang believed that the 50 billion USD target is not a short-term figure but the result of a restructuring process implemented synchronously over many years.

“The current focus of the textile and garment industry is to enhance domestic supply chain capacity, increase the localization rate, and effectively exploit new-generation FTAs, thereby improving the position of Vietnamese enterprises in the global value chain,” Mr. Giang emphasized.

Drivers from FTAs and Geopolitics One of the important drivers promoting export growth comes from new-generation FTAs such as CPTPP, EVFTA, and RCEP. Reality shows that in 2025, many textile and garment product lines began to effectively utilize tariff preferences, especially in the EU market and some CPTPP member countries. However, to fully exploit benefits from FTAs, enterprises are required to strictly meet rules of origin, environmental, and labor standards.

In that context, supply chain restructuring is considered a decisive factor. In recent years, the textile industry has pushed investment into missing links of the value chain, from yarn, weaving, and dyeing to logistics and industrial park infrastructure. The formation of centralized production clusters not only helps enterprises proactively source raw materials and accessories but also reduces costs, shortens delivery times, and improves the ability to meet the requirements of demanding markets.

Besides the FTA factor, the global geopolitical and geoeconomic context is also creating important shifts. The wave of global supply chain restructuring and the trend of supply diversification by major brands are opening up opportunities for Vietnam to participate deeper in high value-added segments. According to the Vitas Chairman, in the 2025–2027 period, many new investment projects will come into operation, allowing Vietnam’s textile industry to produce product lines that previously relied heavily on imports.

Shaping the Textile Industry Growth Strategy Parallel to investing in infrastructure and raw materials, textile enterprises are also promoting the application of technology, digitalization, and automation in production and management. This is considered a necessary condition to improve labor productivity, meet increasingly strict ESG standards, and increase traceability capabilities—an important requirement from FTA markets.

In that general picture, many large enterprises in the industry, including Viet Tien Garment Corporation, are considered the nuclei of the restructuring process. With a large-scale production foundation, wide market network, and orientation to shift from processing (CMT) to FOB and ODM, these enterprises are contributing to shaping a new growth model for the entire industry.

Viet Tien’s Profile:

• Export Turnover: Nearly 800 million USD.
• Consolidated Revenue: Approximately 18,500 billion VND.
• Key Markets: USA, EU, Japan, South Korea, and other key markets.
• Goal: Step by step building the capacity of the Vietnamese brand.

Additionally, Mr. Giang stated that Viet Tien is steadfast in its goal of becoming a multi-industry group, taking garments as the pillar, while expanding into fields such as:

• Textile raw materials and accessories.
• Industrial real estate.
• Commercial – residential real estate.
• Financial investment.
• Trade – services, hotels, tourism, sea transport, etc.

Long-term Vision In the long term, the Vietnam Textile and Apparel Association determines that the industry development goal does not stop at export turnover figures but aims to build a modern textile ecosystem, with high autonomy and linked to sustainable development.

On that foundation, the 50 billion USD target is seen as an appropriate step, reflecting the shift from growth in breadth to enhancing the value and competitiveness of the Vietnam textile and garment brand on the international market.

Note: Since the beginning of the “Doi Moi” (Renovation) period, Viet Tien has pioneered technology investment, export expansion, and the shift from processing to brand building, contributing to shaping the national brand for Vietnam’s textile and garment industry.