Vietnam’s flourishing textile industry is increasing rapidly, which is making the country one of the most popular destinations in Asia for textile production and investment. Rapid urbanization, improved standard of living coupled with increasing spending power are some of the key factors anticipated to support revenue growth of the market in the region. Furthermore, increasing inclination towards modernizing the interior of the households is resulting in huge demand for home textile products such as bed sheets, pillows & covers, curtains, table cloth & runners etc.
Vietnam is not only a great potential market for home textiles but Vietnam is also in the world’s top 3 largest textile and garment exporting countries. The US is the largest market, followed by the EU, Korea, China, and Japan. More and more buyers are coming to Vietnam when the country participates in implementing 15 free trade agreements (FTAs) with a comprehensive coverage of more than 60 countries and territories, including the world’s largest markets.
Building a green and sustainable Vietnamese textile and garment brand, reducing carbon emissions and effectively decreasing negative impacts on the environment is a long-term development strategy of Vietnam.