Textile industry faces many difficulties

However, in March 2025, Dong Nai's textile and garment export turnover showed signs of gradual decline. Specifically, textile and garment enterprises only exported nearly 131.4 million USD, down nearly 3% over the same period last year. According to the Vietnam Textile and Apparel Association, difficulties are still ahead and will likely become clearer after the second quarter of 2025. Because, currently, Bangladesh's textile and garment industry is gradually recovering quite well, orders from this country to Vietnam will gradually decrease. In 2024, Bangladesh faced political instability, causing it to lose about 30-40% of textile and garment orders. Accordingly, Bangladesh, from the world's second largest textile and garment exporter, had to fall to third place and Vietnam rose to replace it.

However, since textile exports are Bangladesh's largest export industry, the country has had timely policies to restore exports. When Bangladesh restores textile production and exports, Vietnam's textile industry will face fierce competition. Currently, Bangladesh's textile industry has two advantages: cheap labor, only more than 1/3 of Vietnam's, and enjoys tariff incentives of a less developed country.

In addition, the textile and garment industry in Dong Nai as well as the whole country is facing technical barriers from large import markets that are increasingly demanding. Specifically, garment factories must meet green criteria such as: low carbon emissions, use of recycled materials, clear origin of raw materials, products, etc. The above requirements may slow down the textile and garment exports of Dong Nai and the whole country. At the same time, businesses are forced to prioritize investing in green factories, applying modern technology to reduce labor, increase productivity, lower product costs to increase competitiveness.

The US is currently Dong Nai’s largest textile and garment export market, accounting for nearly 40% of total export turnover. Therefore, businesses need to focus on finding more sources of raw materials domestically and from other countries to avoid the risk of being subject to tariffs.

Khanh Minh

Source: https://baodongnai.com.vn/kinh-te/202503/nganh-det-may-doi-mat-voi-nhieu-kho-khan-27f6ba2/