Vietnam Textile Market (2025-2031) | Trends, Value, Companies, Share, Outlook, Analysis, Forecast, Size, Industry, Growth & Revenue

Vietnam Textile Market Highlights

Topics Covered in the Vietnam Textile Market Report

Vietnam Textile Market report thoroughly covers the market By Raw material types, By Product Type, and by Application. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Vietnam Textile Market Synopsis

Vietnam Textile Market is experiencing steady expansion, supported by strong export demand and a well-established manufacturing sector. The market benefits from cost-effective labor, government incentives, and increasing investments in advanced textile technologies. Additionally, Vietnam's participation in global trade agreements has strengthened its position as a key textile exporter.

According to 6Wresearch, the Vietnam Textile Market is estimated to reach at CAGR of 4.8% during the forecast period 2025-2031. This growth is primarily driven by Vietnam’s strong presence in the global textile and apparel supply chain, bolstered by cost-effective labor, favorable trade agreements, and increasing foreign direct investment in the sector. The country’s participation in agreements such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the EU-Vietnam Free Trade Agreement (EVFTA) has enhanced its export competitiveness. Additionally, advancements in textile manufacturing technology, growing demand for sustainable fabrics, and the expansion of e-commerce have further stimulated Vietnam Textile Market Growth.

However, the industry faces significant challenges, including fluctuating raw material costs, as Vietnam relies heavily on imported cotton and synthetic fibers. Moreover, increasing environmental regulations necessitate the adoption of eco-friendly production methods, which may require substantial investment. Rising competition from other textile-producing nations, such as Bangladesh and India, also poses a challenge, compelling Vietnamese manufacturers to enhance quality and efficiency. Additionally, labor shortages and wage increases could impact production costs. Despite these obstacles, the market is expected to maintain steady growth, driven by continued innovation, government incentives, and the rising global demand for high-quality textiles and apparel.

Vietnam Textile Market Trends

Vietnam Textile Market is witnessing significant transformation, driven by evolving consumer preferences, technological advancements, and increasing demand for sustainable textiles. The shift towards eco-friendly and organic fabrics is gaining momentum as global buyers prioritize sustainability and compliance with environmental regulations. Additionally, the adoption of automation and digital technologies in textile manufacturing is enhancing efficiency and reducing production costs. The rise of e-commerce and direct-to-consumer (DTC) models has further reshaped the market, enabling manufacturers to reach a broader customer base. Furthermore, Vietnam’s strong integration into global trade agreements, such as the EVFTA and CPTPP, has improved export competitiveness, attracting increased foreign investment. However, the industry also faces challenges, including fluctuating raw material prices and competition from other low-cost textile-producing countries. Despite these hurdles, continued government support and industry innovation are expected to sustain long-term market growth.

Investments Opportunities in the Vietnam Textile Market

Vietnam Textile Market presents substantial investment opportunities, driven by rising global demand, trade agreements, and technological advancements. Foreign direct investment (FDI) in textile manufacturing is increasing, particularly in areas such as high-performance fabrics, sustainable textiles, and digitalized production processes. The growing emphasis on eco-friendly and recycled materials offers potential for investments in green manufacturing solutions. Vietnam’s strategic location and participation in free trade agreements (FTAs), such as the EVFTA and CPTPP, provide export advantages, encouraging investors to establish production facilities. Additionally, the expansion of e-commerce and direct-to-consumer channels enhances opportunities in digital textile retail. However, addressing challenges such as supply chain sustainability and workforce training is crucial for maximizing investment returns. With government incentives promoting modernization and sustainability, Vietnam remains an attractive destination for investors seeking long-term growth in the textile industry.

Leading Players in the Vietnam Textile Market

Vietnam Textile Market Share is dominated by key players that contribute significantly to the industry’s growth through innovation, sustainability, and export-driven strategies. Leading domestic and international companies, including Vinatex, Phong Phu Textile & Garment, Viet Tien Garment, and Hoa Tho Textile, play a crucial role in shaping the market landscape. These firms focus on high-quality fabric production, advanced manufacturing technologies, and global supply chain integration. Additionally, foreign enterprises, particularly from China, South Korea, and Japan, have established strong presences in Vietnam, leveraging cost-effective labor, trade agreements, and favorable investment policies. The industry's competitive edge is further strengthened by increasing adoption of automation, digital printing, and eco-friendly textile production. As global demand shifts towards sustainable and high-performance textiles, these key players continue to invest in research, development, and strategic partnerships to maintain their leadership positions in the market. Vietnam Textile Market Growth is fueled by rising exports, technological advancements, and sustainable practices.

Government Regulations

Vietnam Textile Market is governed by stringent regulations aimed at ensuring sustainable growth, fair trade practices, and environmental compliance. The government enforces laws related to labor conditions, environmental protection, and product quality standards to align with international trade agreements. Policies such as the Law on Environmental Protection and Circular Economy initiatives mandate sustainable manufacturing practices, encouraging textile firms to adopt eco-friendly production methods and waste management systems. Furthermore, Vietnam’s participation in free trade agreements (FTAs) like the CPTPP and EVFTA requires adherence to strict rules of origin, compelling manufacturers to source materials domestically or from partner countries. Additionally, labor laws regulate minimum wages, worker safety, and social security benefits, ensuring ethical production. To support industry modernization, the government also offers tax incentives and financial assistance for businesses investing in advanced textile technologies and green initiatives.

Future Insights of the Vietnam Textile Market

Vietnam Textile Market size is poised for steady growth, driven by rising global demand, technological advancements, and sustainable practices. With Vietnam strengthening its position as a key textile exporter, the industry is expected to benefit from expanding free trade agreements (FTAs), improved supply chain networks, and increasing foreign direct investments (FDI). The shift towards eco-friendly production, digitalization, and automation will enhance manufacturing efficiency and competitiveness. Additionally, the growing emphasis on high-value textiles, such as technical fabrics and performance wear, is anticipated to create new opportunities. Government initiatives supporting green production, circular economy models, and research-driven innovation will further boost market expansion. However, challenges such as rising labor costs and stringent international compliance standards will require strategic adaptation. Overall, Vietnam’s textile sector is expected to remain a vital contributor to the national economy, with sustained investment and policy support shaping its future.

Market Segmentation Analysis

The Report offers a comprehensive study of the subsequent market segments and their leading categories.

Cotton to Dominate the Market-By Raw Material Types

The Cotton segment is expected to grow among raw material types. Cotton remains a highly preferred material due to its versatility, breathability, and comfort, making it essential for the fashion and apparel industry, which is a dominant sector in Vietnam’s textile exports.

Natural fibers to Dominate the Market-By Product Type

Natural fibers segment is expected to lead among product types. Vietnam has a strong presence in cotton-based textile production, driven by its expanding garment industry and increasing exports to international markets.

Fashion & clothing sector to Dominate the Market- -By Application

According to Kapil, Senior Research Analyst, 6Wresearch, In the Vietnam Textile Market, the fashion & clothing segment is expected to control the market by application category. Vietnam is one of the world's leading textile and garment exporters, supplying major markets such as the United States, the European Union, and Japan.

Key Attractiveness of the Report

• 10 Years of Market Numbers.
• Historical Data Starting from 2021 to 2024
• Base Year: 2024
• Forecast Data until 2031.
• Key Performance Indicators Impacting the market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Vietnam Textile Market Outlook
• Market Size of Vietnam Textile Market, 2024
• Forecast of Vietnam Textile Market, 2031
• Historical Data and Forecast of Vietnam Textile Revenues & Volume for the Period 2021 - 2031
• Vietnam Textile Market Trend Evolution
• Vietnam Textile Market Drivers and Challenges
• Vietnam Textile Price Trends
• Vietnam Textile Porter's Five Forces
• Vietnam Textile Industry Life Cycle
• Historical Data and Forecast of Vietnam Textile Market Revenues & Volume By Raw Material Types for the Period 2021 - 2031
• Historical Data and Forecast of Vietnam Textile Market Revenues & Volume By Cotton for the Period 2021 - 2031
• Historical Data and Forecast of Vietnam Textile Market Revenues & Volume By Chemical for the Period 2021 - 2031
• Historical Data and Forecast of Vietnam Textile Market Revenues & Volume By Wool for the Period 2021 - 2031
• Historical Data and Forecast of Vietnam Textile Market Revenues & Volume By Silk for the Period 2021 - 2031
• Historical Data and Forecast of Vietnam Textile Market Revenues & Volume By Others for the Period 2021 - 2031
• Historical Data and Forecast of Vietnam Textile Market Revenues & Volume By Product Types for the Period 2021 - 2031
• Historical Data and Forecast of Vietnam Textile Market Revenues & Volume By Natural Fibers for the Period 2021 - 2031
• Historical Data and Forecast of Vietnam Textile Market Revenues & Volume By Polyesters for the Period 2021 - 2031
• Historical Data and Forecast of Vietnam Textile Market Revenues & Volume By Nylon for the Period 2021 - 2031
• Historical Data and Forecast of Vietnam Textile Market Revenues & Volume By Others for the Period 2021 - 2031
• Historical Data and Forecast of Vietnam Textile Market Revenues & Volume By Applications for the Period 2021 - 2031
• Historical Data and Forecast of Vietnam Textile Market Revenues & Volume By Household for the Period 2021 - 2031
• Historical Data and Forecast of Vietnam Textile Market Revenues & Volume By Technical for the Period 2021 - 2031
• Historical Data and Forecast of Vietnam Textile Market Revenues & Volume By Fashion & Clothing for the Period 2021 - 2031
• Historical Data and Forecast of Vietnam Textile Market Revenues & Volume By Others for the Period 2021 - 2031
• Vietnam Textile Import Export Trade Statistics
• Market Opportunity Assessment By Raw Material Types
• Market Opportunity Assessment By Product Types
• Market Opportunity Assessment By Applications
• Vietnam Textile Top Companies Market Share
• Vietnam Textile Competitive Benchmarking By Technical and Operational Parameters
• Vietnam Textile Company Profiles
• Vietnam Textile Key Strategic Recommendations

Market Segmentation Analysis

The Report offers a comprehensive study of the subsequent market segments and their leading categories.

By Raw Material Types

• Cotton
• Chemical
• Wool
• Silk
• Others

By Product Types

• Natural Fibers
• Polyesters
• Nylon
• Others

By Applications

• Household
• Technical
• Fashion & Clothing
• Others