Production volume of clothes in Vietnam 2010-2023
In 2023, the production volume of clothes in Vietnam amounted to approximately 5.7 million pieces, a slight decrease compared to the year before. Within the observed timeline, the volume of clothes produced in Vietnam had been increasing steadily year on year before falling slightly in 2020 due to the impact of the COVID-19 pandemic.
Textile exports from Vietnam
The manufacturing sector has become an important contributor to Vietnam’s GDP, as it develops into an increasingly export-based economy. Garment and textiles had one of the highest export turnovers among major commodities in Vietnam in recent years. Additionally, textile production has been among the biggest receivers of investment from both foreign and domestic sources. As a result, Vietnam has become one of the leading textiles exporting countries worldwide.
Vietnam’s apparel industry post COVID-19 pandemic
The COVID-19 pandemic has negatively impacted the apparel industry globally, and Vietnam is no exception. Many main import partners of Vietnamese textiles experienced a crash in demand due to the pandemic. This resulted in significant order cancellations and subsequently reported revenue loss for the country’s textile and apparel exports. On the other hand, Vietnam signed several new Free Trade Agreements in 2020, promising more opportunities for exporting its textile products in the future.
