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. The market is driven by robust export demand, supported by preferential FTAs like the CPTPP and EVFTA, which enhance competitiveness in key markets such as the EU, US, and Japan. Foreign investment is further attracted by cost advantages, including lower labor expenses compared to China. Additionally, supply chain diversification, rising domestic consumption, and sustainability-focused innovations are strengthening production capabilities, further augmenting Vietnam textile market share.
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Vietnam Textile Market Trends and Drivers:
Market Expansion and Competitive Strengths
Vietnam is emerging as a top global sourcing hub for apparel and textiles, bolstered by preferential access through major international trade agreements (e.g., CPTPP, EVFTA).
Strategic production relocations by global companies are tapping into Vietnam’s favorable trade environment and cost-effectiveness.
Government-backed vocational training programs are creating a skilled and efficient labor force, improving productivity and quality.
Major infrastructure upgrades—including deep-sea ports, industrial parks, and logistics networks—are enhancing supply chain efficiency and reducing lead times.
Vietnam’s manufacturing ecosystem supports both large-scale basic apparel and value-added technical textile orders, elevating the country beyond a low-cost alternative.
Domestic Transformation and Value Chain Integration
The market is transitioning from basic CMT operations to full-package solutions with vertically integrated supply chains.
Increased backward integration (spinning, weaving, dyeing) reduces import dependence and improves speed and quality control.
Adoption of advanced technologies:
Automated cutting/sewing
ERP systems
Smart inventory management
Workforce upskilling is supporting small-batch, complex, and fast-turnaround production.
Expansion into technical textiles (medical, automotive, protective) diversifies exports and reduces reliance on basic apparel segments.
Innovation, Sustainability, and Future Readiness
Sustainability is becoming central, with eco-friendly investments in:
Wastewater treatment
Rooftop solar
Low-impact dyeing and finishing
Rising use of sustainable fibers: recycled polyester (rPET), organic cotton, and responsibly sourced materials.
Manufacturers are pursuing international certifications for environmental, chemical, and labor compliance to improve global credibility.
Product innovation is expanding to smart textiles and performance fabrics (athleisure, embedded functionalities).
Vietnam is positioning itself as a sustainable and technologically advanced textile leader, aligning with ethical sourcing trends and long-term global partnerships.
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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