In the first four months of ongoing year, Vietnamese textile and apparel exports grew at 4.3% over the same period of earlier year to total US $14.53 billion, helped by a boost in textile exports.
Of the total, textile exports including yarn exports witnessed a strong growth surge of a 20.1% year on year to reach $2.62 billion, while garment shipments amounted to $11.9 billion, growing by a marginal 1.3%.
The latest statistics from the Vietnam Textile and Garment Association (Vitas) also informs that Vietnam continues to assert its number one position in the US market, with a 21.4% market share.
At a press conference organised to release the data, it was projected that the volume of orders in the second quarter of 2026 will decrease sharply by 20-25% compared to the same period last year.
According to Nguyen Hung Quy, General Director of Vinatex (VSC), the decline in global purchasing power has led to very slow order processing, and even order reductions and cancellations.
“Furthermore, the supply chain for imported raw materials and components from China is constantly experiencing delays,” he added.
“Even orders secured up to the third quarter cannot be considered certain,” Le Tien Truong, Chairman of the Board of Directors of Vietnam Textile and Garment Group warned.
Meanwhile, according to Vu Duc Giang, Chairman of Vitas, in order to achieve the export target of approximately $50 billion in 2026, the last months of the current year cannot be seen merely as a period of holding orders.
He emphasized that it was rather a pivotal time for the Vietnamese textile and garment industry to undergo a deeper restructuring in terms of markets, products, technology, etc.
“Along with that, diversifying export markets and customers needs to be placed at the center of the development strategy of the entire textile and garment industry,” Vu Duc Giang too added.
