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Vietnam’s Textile and Apparel Industries Pivot to Sportswear

Thread and cloth factory. Shutterstock

As a pandemic-era focus on producing personal protective equipment (PPE) begins to wind down in the face of worldwide Covid-19 vaccine rollouts, Vietnam’s National Textile and Garment Group (Vinatex) says its members are looking to capitalise on new areas for growth.

Major players in the industry, including Thành Cong Textile Garment Investment Trading JSC, one of Vietnam’s most successful businesses in 2020 on the back of its PPE exports, have shown confidence in an imminent post-pandemic age by halting orders for PPE, and focusing on the products such as T-shirts and sportswear.

The compounded annual growth rate for the sportswear market in the last five years was 6.5 per cent, 1.5 times the industry average, and it is expected to be worth $479 billion globally by 2025.

According to the Vietnam Textile and Apparel Association (VITAS), many manufacturers have orders until the end of April, mainly for sportswear.


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