Vietnam News Agency in Hanoi reported on January 27 that according to the “Textile and Footwear Industry Development Strategy to 2030 and Outlook to 2035” strategy, from 2021 to 2030, Vietnam’s textile industry and the footwear industry strive to achieve an average annual export growth rate of 6.8-7%, with exports reaching approximately US$108 billion by 2030.
Vietnam’s textile, clothing and footwear industry exports totaled US$71 billion in 2022, a record high. Among them, Vietnam’s textile and clothing exports reached US$44 billion, a year-on-year increase of 8.8%; footwear and handbag exports reached US$27 billion, a year-on-year increase of 30%.
The Vietnam Textile Association and the Vietnam Leather, Footwear and Handbags Association stated that Vietnam’s textile, clothing and footwear industry has a certain position in the global market. Despite the global economic recession and reduced orders, Vietnam still wins the trust of international importers.
In 2023, Vietnam’s textile and garment industry has proposed a goal of total exports reaching US$46-47 billion in 2023, while the footwear industry strives to achieve exports of US$27-28 billion. .
