Vietnam Textile Market Overview
Base Year: 2024
Historical Years: 2019-2024
Forecast Years: 2025-2033
Market Size in 2024: USD 17.27 Billion
Market Forecast in 2033: USD 26.34 Billion
Market Growth Rate (2025-33): 4.40%
The Vietnam textile market size was valued at USD 17.27 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 26.34 Billion by 2033, exhibiting a CAGR of 4.40% during 2025-2033. Southern currently dominates the market, holding a significant market share of around 43.2% in 2024.
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Vietnam Textile Market Trends and Drivers:
The global apparel and textile industry is certainly undergoing a deep supply chain realignment, because it is actually moving away from single-source manufacturing to a more diversified, multi-country sourcing model, which is known as “China Plus One.” Vietnam specifically has emerged as the clear foremost beneficiary of this carefully planned shift, further strengthening its strong position as a truly indispensable link in the wide-ranging global supply chain. Meaningful firms and shops fail to only act quickly to worldwide troubles. Rather, they do fundamentally recalibrate risk management. Partners offering scale, stability, plus competitive operational advantages are actively sought. This influx of new investment is supported directly by Vietnam's strong infrastructure development. Northern key provinces gain benefits from industrial park ecosystems and deep-sea ports. Seeing that the nation has a wide-ranging network of Free Trade Agreements (FTAs), inclusive of the landmark EU-Vietnam FTA (EVFTA) and the Thorough and Progressive Agreement for Trans-Pacific Partnership (CPTPP), it provides tariff advantages unmatched because Vietnamese exports turn exceptionally price-competitive in critical markets such as the European Union, United Kingdom, and Japan. Because of this positioning that was planned, coupled with how Vietnam has demonstrated an ability for handling orders that are complex and high-volume, the role for Vietnam as a manufacturing hub will continue on expanding as global businesses prioritize sourcing destinations that are politically stable plus resilient.
Market demand is now being reshaped as a wave that is transformative for environmental accountability, so the Vietnamese textile sector must accelerate its adoption of sustainable practices now. This evolves because the European Union drives stringent regulatory frameworks, like the Corporate Sustainability Reporting Directive (CSRD) as well as evolving extended producer responsibility laws, which mandate suppliers transparently as well as verifiably govern environmental and social (ESG) data. Leading Vietnamese manufacturers now are making important capital investments in state-of-the-art water recycling plants. These manufacturers are also transitioning to renewable energy sources like rooftop solar installations as well as innovating circular economy models. This includes the integration of recycled materials such as polyester that is Global Recycled Standard (GRS)-certified and the development of closed-loop production systems which drastically reduce water consumption and waste. This sustainability focus differentiates competitors beyond mere compliance. Forward-thinking factories leveraging their green certifications for partnerships are attracting global brands willing to pay a premium for verifiably sustainable production. Defining industry's future leaders and fundamentally altering production methodologies, this dynamic is at core a business imperative no longer a niche trend.
Regarding vertical integration and technological sophistication, the Vietnamese textile industry aggressively seeks. It does so for long-term growth and to reduce intrinsic challenges like rising labor costs and increasing regional competition. The focus is quickly changing from just CMT assembly to a complete supplier since it can oversee production totally from yarn spinning and fabric weaving until garments are done. This drive for vertical integration controls the supply chains and reduces the lead times, also retains margins in a better way and allows a greater flexibility to meet complex demands of clients. Efficiency plus quality are being transformed through Industry 4.0 technologies concurrently. Automation that is in cutting, sewing, and warehousing is becoming commonplace, and also data analytics and IoT-enabled machinery serve to optimize production flows as well as predictive maintenance. For value chain advancement, making high-performance technical textiles depends on infusion of technology. Automotive, medical, also personal protection are examples of advanced industries served by these textiles, which command higher prices. Because of importance, Vietnam must tactically pivot towards a more integrated, technology-driven model. This will let Vietnam transcend its role as a low-cost labor destination to establish itself as a high-value innovation-led textile powerhouse.
Vietnam Textile Market Industry Segmentation:
Analysis by Product:
- Natural Fibers
- Polyesters
- Nylon
- Others
Analysis by Raw Material:
- Cotton
- Chemical
- Wool
- Silk
- Others
Analysis by Application:
- Household
- Technical
- Fashion and Clothing
- Others
Regional Insights:
- Northern Vietnam
- Central Vietnam
- Southern Vietnam
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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Key highlights of the Report:
- Market Performance (2019-2024)
- Market Outlook (2025-2033)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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