GARMENT SECTOR TARGETS USD3 BILLION EXPORT VALUE TO ROK

The highest growth was seen in jackets, overcoats, suits and male and female trousers.

The Republic of Korea is Vietnam's fourth-largest textile and garment export market.

The Ministry of Industry and Trade said last year the market share of Vietnam textile and garment export to the RoK reached 16.4 percent, an increase of 2.1 percent compared to 2013.

This year, the RoK's textile and garment import turnover is expected to reach USD16.3 billion, an increase of 11.6 percent over last year.

Tran Viet, head of the Vietnam Textile and Garment Group's market department, said the RoK is still a major market for Vietnamese textiles and garments, along with markets such as the US, the EU and Japan.

He said that textile and garment export turnover to the RoK is expected to keep pace with exports to Japan and to narrow the gap with exports to the EU.

Viet pointed out that textile and garment exports to Japan reached USD2.7 billion last year, only USD300 million higher than the Korean market. Export turnover for the EU market was USD3.4 billion.

Nguyen Van Thang, Production Director of the Bac Giang Garment Joint-Stock Co in Bac Giang province, said last year the company's export turnover reached USD160 million, of which the RoK market accounted for 40 percent.

The company plans to give priority to the RoK this year and in coming years, he added.

Thai Binh's Dong Phong Ltd. Co said it will raise investment in order to increase exports to the RoK this year, as it sees many opportunities there.

Le Tien Truong, Vice Chairman of the Vietnam Textile and Garment Association, said compared to other export sectors, textile and garment businesses have made adequate preparations ahead of upcoming foreign trade agreements.

According to the General Customs Office, the number of Vietnamese businesses with import/export activities with the RoK increased from 10,900 in 2013 to 13,100 last year.

In the textile and garment sector, there are more than 100 domestic enterprises and 510 RoK-invested companies./.

Source: CPV

Related News

INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

VIỆT NAM-CAMBODIA TRADE GATHERS PACE TOWARDS $20 BILLION TARGET

Trade between Việt Nam and Cambodia continues to grow, remaining a bright spot and a key pillar of bilateral cooperation as the two countries aim to raise two-way trade to US$20 billion in the coming years. After setting a record of more than $11.3 billion last year, bilateral trade reached about $8.7 billion in the first eight months of this year, up 8.3 per cent year on year.

Oct 14, 2026

TECHNOLOGY

AI BEGINNING TO RESHAPE RECRUITMENT CRITERIA

Digital literacy is the only capability area in which fresh graduates meet employers’ expectations, according to a new report. Yet, it is also the standard rising fastest, as businesses increasingly expect new hires to use AI effectively in the workplace. Some 83 per cent of employers say AI has changed, or is beginning to change, their hiring criteria, while 94 per cent report higher expectations for digital and AI capabilities than they had two to three years ago.

Oct 14, 2026

INFRASTRUCTURE / CONSTRUCTION / LOGISTIC / PORT

ĐÀ NẴNG GREEN-LIGHTS US$105 MILLION THAI DEVELOPMENT DEAL

The central city has approved an investment proposal by Thailand’s WHA Group to develop infrastructure for the 400ha WHA Đà Nẵng Industrial Park project on two communes of Thăng Bình and Đồng Dương, with an investment of more than VNĐ2.7 trillion (US$105 million). The city said it approved WHA Industrial Development International's status as an investor in the project, which is expected to take place between 2027 and 2034.

Oct 14, 2026

VIETNAM ECONOMY INVESTMENT

MOBILE PHONE EXPORTS RISE 20% TO $51.8 BILLION IN FIRST NINE MONTHS

Exports of mobile phones and components rose 20 per cent year-on-year to nearly US$51.8 billion in the first nine months of 2026, with China, the US and Republic of Korea accounting for more than half of the total. Shipments to the three markets reached a combined $26.18 billion, or 50.6 per cent of total exports of the product group during the period, according to data from the Vietnam Department of Customs under the Ministry of Finance.

Oct 14, 2026

VIETNAM ECONOMY INVESTMENT

FRUIT AND VEGETABLE EXPORTS POISED TO HIT $10 BILLION IN 2026

Fruit and vegetable exports are on track to reach nearly US$10 billion in 2026, after rising 19.9 per cent year on year to nearly US$7.4 billion in the first nine months, driven by strong seasonal demand and abundant tropical fruit supplies. The Ministry of Agriculture and Environment said the growth reflected stronger international demand for fresh produce and processed agricultural products.

Oct 14, 2026

GARMENT / TEXTILE

TEXTILE EXPORTS FACE DUAL CHALLENGES OF SUSTAINING ORDERS AND BOOSTING EFFICIENCY AMID GROWING COMPETITION

Data shows that the textile and garment sector maintained its growth momentum in the first nine months of this year. The industry's total export turnover reached an estimated US$35.721 billion in the first nine months of this year, up 3.3 per cent year-on-year. Despite posting encouraging export figures, Vietnamese textile and garment enterprises continue to navigate unpredictable market variables.

Oct 14, 2026