Speaking at the 80th anniversary celebration of the Garment 10 Corporation, Prime Minister Pham Minh Chinh highly praised the textile and garment industry’s role in economic development, especially amidst global economic fluctuations.
Prime Minister Pham Minh Chinh delivering his speech at the event – Photo: VGP
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According to the Prime Minister, by 2025, Vietnam aims to achieve a GDP growth rate of 8.02%, with a GDP scale of approximately $514 billion and total import-export turnover surpassing $930 billion. The textile and garment industry continues to play a pivotal role, with estimated export turnover reaching $46 billion, positioning it among the key export sectors of the economy.
Currently, the industry comprises around 7,000 enterprises, employing over 3 million workers directly, accounting for approximately 25% of industrial labor and contributing nearly 10% to the GDP. When combined with the leather and footwear sector, the contribution to GDP rises to approximately 15%.
Call for Model Transformation and Value Enhancement
The Prime Minister emphasized that, given the rapidly changing consumer trends, increasing green barriers, and carbon taxes, the textile and garment industry must accelerate its growth model transformation. The focus should shift from processing to higher value-added stages, mastering design, branding, and deeper integration into the global value chain.
Simultaneously, green and digital transformation are no longer optional but imperative to maintain competitiveness and meet the standards of major markets like the EU and the US.
The Prime Minister also highlighted the domestic market of 100 million people as a crucial pillar during export market fluctuations. Additionally, the industry must continue to prioritize stable labor relations, enhance workforce quality, and foster a strong corporate culture to ensure long-term sustainable development.
– 8:18 PM, January 8, 2026
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